It was learned on the 2nd that Japan's Financial Services Agency is considering issuing a partial business suspension order to Prudential Life Insurance under the Insurance Business Act. The measure follows a problem in which employees of the company defrauded customers of money, and the agency has judged that it is necessary to halt new insurance contracts and sales and have the company focus on rebuilding its internal management system.
Prudential Financial, Inc.Japan's FSA is considering a partial business suspension order against Prudential Life Insurance over employee customer fraud, halting new contracts and sales.
