Japan Regulator Quizzes Life Insurers on Bond Paper Losses

Japan’s financial regulator brought forward a regular check on major life insurers’ financial health as it seeks clarity on their unrealized investment losses on rising interest rates, according to people familiar with the matter.

The Financial Services Agency sent questions to insurers including Nippon Life Insurance Co. over the past week, the people said, asking not to be identified because the matter is private. The survey is seeking details from firms on the amount of unrealized securities losses, responses taken and future investment plans, they added.