Deregulation in the Japanese Insurance Marketplace: Sizzle or Fizzle?

This article looks at the effect of regulation on Japanese insurance markets. In 1998, the Japanese market evolved from a tariff system to a prior approval system, and this article looks at the impact of that regulatory change on non-life insurers. There is also background on the old and the new Japanese insurance markets as well as analysis of the long-term effects that might be expected.