Situations of discussions of the Insurance Council

December 20 1996
The 63rd General meeting of the Insurance Council
After receiving directions from the Prime Minister concerning financial system reforms, a decision is made to form a new inquiry subcommittee and begin the examination of fundamental issues on the insurance business and insurance supervision administration from January of 1997.

January 21, 1997
The 1st meeting of the fundamental issue subcommittee of the Insurance Council
Discussions were held on the way of proceeding with examinations to be taken in the future by the fundamental issue subcommittee, and the following items were decided upon to be the focal point of examination.

"See the appended sheet"

o Deregulation measures such as reform of the rating organization system

o Promotion of entry into insurance business from other businesses, and vice versa

o Introduction of the shareholding company system

o Insurance distribution by banks, etc.

o Application of the market price evaluation in trading accounts.

February 13, 1997
The 2nd meeting of the fundamental issue subcommittee of the Insurance Council

(1) Discussions were held on deregulation measures such as reform of the rating organization system, and (2) the promotion of entry into insurance business from other businesses, and vice versa.

March 10, 1997
The 3rd meeting of the fundamental issue subcommittee of the Insurance Council

(1) Discussions were held on deregulation measures such as reform of the rating organization system, and (2) introduction of the shareholding company system.

March 28, 1997
The 4th meeting of the fundamental issue subcommittee of the Insurance Council

(1) Discussions were held on deregulation measures such as reform of the rating organization system, and (2) Insurance distribution by banks, etc.

April 11, 1997
The 5th meeting of the fundamental issue subcommittee of the Insurance Council

(1) Discussions were held on promotion of entry into insurance business from other businesses, and vice versa, and (2) introduction of the shareholding company system.

April 25, 1997
The 6th meeting of the fundamental issue subcommittee of the Insurance Council

(1) Discussions were held on deregulation measures such as reform of the rating organization system, and (2) application of the market price evaluation in trading accounts.

* A compiled report of some sort is scheduled for around June of this year.


[About the financial system reformation (The Japanese version of the Big Bang)]

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