Prudential's Fraud 'Extremely Serious': The Insurance Association to Consider Measures to Prevent Recurrence
The Prudential Life Insurance scandal, involving employees defrauding clients of approximately ¥3.1 billion, has prompted the industry association to consider measures to prevent future incidents.
The Trap of 'Full Commission' in Prudential: Other Companies Also Review Business Models
Prudential Life Insurance has been embroiled in a major scandal involving over 100 employees defrauding around 500 clients of more than 3.1 billion yen, prompting an inspection by the Financial Services Agency and a 90-day suspension of new business activities.
Prudential Management Alarms Are Weak and Situation Is Worsening: 'Infinite Chain' Sales Reach Their Limits
Sales professionals at Prudential Life Insurance are facing significant turmoil amid ongoing scandals and managerial negligence.
Blind Belief in Charismatic Founder: Prudential's Fraud with 'Close Relationships' with Customers
Prudential Life Insurance in Japan faces significant fraud allegations linked to its operations under the influence of its charismatic founder, Kiyofumi Sakaguchi.
Prudential Life Insurance President: 'The Foundation of Trust is Being Questioned' - Establishment of a Third-Party Committee
Prudential Life Insurance's president addressed a major scandal involving employees defrauding customers, announcing the establishment of a third-party committee to investigate and prevent recurrence of such issues.
Prudential Life Insurance suspends new sales for 90 days, prioritizing comprehensive review
Prudential Life Insurance announced a 90-day suspension of new sales to prioritize a comprehensive review of governance and sales systems following a scandal involving employees defrauding customers.
Prudential Life Suspends New Contract Sales Activities for 90 Days
Prudential Life has announced a 90-day suspension of new contract sales activities following the revelation of inappropriate monetary receipt amounting to 3.1 billion yen by sales employees.