Japan insurers fixed prices for over 100 clients, probes find

Companies to report findings to financial watchdog by Friday

20230927N Japan insurers

Sales representatives from Japan's insurance companies are often in contact with each other -- a practice that has come under fire amid the growing scandal. (Source photos by Nikkei)

Nikkei staff writers

TOKYO -- Four leading Japanese casualty insurers likely violated the spirit of antitrust law in dealings with over 100 clients, Nikkei has learned, as internal probes by the companies uncover widespread price-fixing in the industry.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.