The Japan Financial Services Agency has published the consultation results and finalised partial revisions to its supervisory guidelines for small amount and short-term insurance companies. The changes implement recommendations from recent reviews of the non-life insurance sector and address collaboration between insurance agents and insurance brokers, while also clarifying how joint insurance contracts should be handled by small amount and short-term insurers. The draft revisions were open for comment from 19 March to 19 April 2026 and received 14 submissions. The agency has released a summary of the comments and its responses, along with a comparison table showing the old and new wording of the guidelines. The revised supervisory guidelines will apply from 1 June 2026.
Japan Financial Services Agency2026-05-29
Japan Financial Services Agency finalises supervisory guideline changes for small amount and short-term insurers on agent-broker collaboration and joint insurance contracts
The Japan Financial Services Agency has finalised partial revisions to its supervisory guidelines for small amount and short-term insurance companies, following a public consultation. The changes implement recommendations from recent non-life insurance sector reviews, address collaboration between insurance agents and brokers, and clarify the treatment of joint insurance contracts by these insurers.