Japan’s Financial Services Agency (FSA) published a draft partial revision of its Comprehensive Supervision Guidelines for Authorized Specified Insurance Providers and opened the text for public comment. The draft updates the supervisory framework to reflect recent policy work on structural issues in the non-life insurance industry and to align the guidelines with upcoming legal and regulatory changes. The revision is grounded in recommendations from the Expert Meeting on Structural Issues and Competition in the Non-life Insurance Industry, including points related to insurers’ insurance-claims payment management systems and business promotion systems, and from the Financial Services Council’s working group on systems for the non-life insurance industry, including recommendations on collaboration between insurance agents and insurance intermediaries. The FSA also cited the Act to Partially Amend the Insurance Business Act enacted on 30 May 2025 and the related amending order promulgated on 30 March 2026, which is scheduled to take effect on 1 June 2026. Comments are due by 17:00 on 17 May 2026. After the consultation, the FSA will complete the necessary procedures to promulgate the revised guidelines, which it plans to apply from the enforcement date of the amended Insurance Business Act.
Japan Financial Services Agency 2026-04-17
Japan Financial Services Agency launches consultation on revisions to supervision guidelines for authorized specified insurance providers
The Japan Financial Services Agency published a draft partial revision of its Comprehensive Supervision Guidelines for Authorized Specified Insurance Providers to update the supervisory framework for the non-life insurance industry and align it with forthcoming legal changes. The draft reflects recommendations on insurance-claims payment management, business promotion systems, and collaboration between insurance agents and intermediaries, and is intended to apply from the enforcement date of the amended Insurance Business Act.