Nissan Mutual falls, Japan's first in 50 years

Article Abstract:

Japan's Nissan Mutual Life Insurance Co, which was ordered for liquidation, has lost an estimated $1.6 billion on bad investments, mostly due to very low domestic interest rates. The company's 200 billion yen capital deficit from stock holding-losses and unrecoverable loans. Nissan's failure is the first in 50 years for Japan. The problem of low interest rates is affecting all Japanese insurers and smaller companies such as Nissan's are the most vulnerable without sufficient unrealized capital gains to rely on.

Investment Offices, Mutual Fund Mgmt Companies, Portfolio Management, Finance, Life insurance industry, Mutual funds, Liquidation, Nissan Mutual Life Insurance Co.

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Insurance calling

Article Abstract:

Some insurance companies adapt a direct-response selling that involves multichannel management approach in distributing financial products. The survey reveals that telefinancial services will be the fastest growing channel and is expected to grow at an annual rate of 9% to 10% outmoding other traditional channels. Direct response programs makes viable for more complex financial products to be marketed through phone with little complication.

Insurance Management, Management, Insurance, Direct marketing

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