Insurance

The insurance industry in Japan is highly regulated and advising on insurance-related legal issues requires not only a thorough knowledge of laws (such as the Insurance Business Act and Insurance Act) and related regulations, but also in-depth understanding of the practices of regulators and the market. Many of our insurance-group lawyers have spent time working with leading financial institutions, insurers and regulators, and have accumulated such legal expertise, enabling us to assess and advise on issues from both a practical and a legal standpoint and simultaneously, with the full knowledge of the nuances of the regulator’s position.

Atsumi & Sakai advises domestic and international insurance companies/groups, insurance agents, and other bodies in the insurance industry on the legal issues that they face in operating an insurance business in Japan, such as:

Development of insurance products and services
Offering foreign insurance products in Japan
Claims disputes
Insurance solicitation
Brokerage
Reorganization of insurance businesses
Compliance, audits and training
InsurTech
Data protection
Cross-border transactions, including Corporate M&A involving insurance business and/or insurance regulations
Regulatory issues on insurance companies’ asset management

When advising foreign clients, our firm can field a team of expert Japanese lawyers and foreign lawyers who have relevant experience and bi-cultural sensitivity. Our team can do business and draft documents in Japanese, English, German, Mandarin, Hindi, Korean, and Marathi, and provides services around the clock through our global affiliated offices.