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Meiji Yasuda Closely Watching Policy Cancellations as Rates Rise

Bloomberg Markets Monday 10 August 2026, 07:19 UTC By Nao Sano and Taiga Uranaka 1 min read
Key Points

Meiji Yasuda Closely Watching Policy Cancellations as Rates Rise Meiji Yasuda Life Insurance Co. is examining an industrywide increase in policy cancellations as rising interest rates prompt customers to shift into other financial products, said its Deputy President Atsushi Nakamura. In Japan’s life insurance sector as a whole, payments to policyholders canceling their contracts jumped around 40% in the first five months of 2026 from a year earlier, exceeding ¥6 trillion ($38 billion), the...

Meiji Yasuda Closely Watching Policy Cancellations as Rates Rise Meiji Yasuda Life Insurance Co. is examining an industrywide increase in policy cancellations as rising interest rates prompt customers to shift into other financial products, said its Deputy President Atsushi Nakamura. In Japan’s life insurance sector as a whole, payments to policyholders canceling their contracts jumped around 40% in the first five months of 2026 from a year earlier, exceeding ¥6 trillion ($38 billion), the most in Life Insurance Association of Japan data going back to 2020.
Meiji Yasuda (ORG) Policy Cancellations (PERSON) Yasuda Life Insurance Co. (ORG) Atsushi Nakamura (PERSON) Japan (LOCATION) Life Insurance Association of Japan (ORG)
Originally published by Bloomberg Markets Read original →

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