Japan Financial Services Agency published the results of its public consultation on draft partial amendments to the Comprehensive Supervision Guidelines for Insurance Companies and related measures linked to amendments to the Insurance Business Act. The revised supervisory guidelines will apply from 1 June 2026, aligned with the enforcement date of the amended Act. The amendments focus on strengthening system development obligations for specified large-scale multi-life insurance solicitors (insurance solicitation business) and specified large-scale multi-life insurance agents (concurrent business), as well as strengthening system development obligations for insurance companies and other entities. They also introduce a prohibition on excessive convenience provided by insurers and others to policyholders and include measures to promote the use of insurance intermediaries. The consultation ran from 17 December 2025 to 30 January 2026 and generated 152 comments from individuals and organisations across 28 submitters, with the agency publishing a consolidated response and updated comparison tables for the relevant supervisory guidelines and related materials. The agency also indicated it will separately announce the results of public comments on securing appropriate comparative recommended sales at ride-sharing agencies, including revisions to rules on information provision.
Japan Financial Services Agency 2026-03-30
Japan Financial Services Agency publishes consultation results and amends insurance supervision guidelines for Insurance Business Act reforms effective 1 June 2026
The Japan Financial Services Agency published results of its consultation on draft amendments to the Comprehensive Supervision Guidelines for Insurance Companies and related measures under the amended Insurance Business Act, with revised supervisory guidelines to apply from 1 June 2026. The changes strengthen system development obligations for specified large-scale multi-life insurance solicitors, agents and insurers, introduce a prohibition on excessive convenience provided to policyholders, and include measures to promote use of insurance intermediaries. The agency will separately announce the outcome of public comments on securing appropriate comparative recommended sales at ride-sharing agencies, including revisions to information provision rules.