Japan’s insurance sales rules are shifting from relationships to needs. Multi-insurer agencies must now justify product recommendations based on customer needs, which could raise operating costs and squeeze margins. Our analyst Rachit Madaan joined Insurance Asia to explain what that means for agencies and insurers. If you distribute insurance in Japan: is your next investment going into compliance, or into the quality of advice? #InsuranceAsia #Japan #InsuranceDistribution #FinancialServices #MordorIntelligence
Japan forces insurance agencies to justify recommendations Japan’s new insurance sales rules will require multi-insurer agencies to justify product recommendations based on customer needs rather than commercial relationships, potentially increasing operating costs and squeezing margins. Full story here: https://bit.ly/3WG206o Mordor Intelligence