生命保険会社の経営破綻(10)

概要

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Life Insurance companies have faced some severe problems of asset management after 1975. The basic problem was the unbalance between the enlargement of asset and the shortage of lending. Many companies had made diversified asset management such as increased investment for real estate, lending for small scaled companies and for private persons, and investment of securities and foreign currencies.And we can point out main problems of asset management as follows.1. Exchange lossesLife Insurance companies have suffered enormous exchange losses amount to 4,500 billion yen from 1985 to 1988 fiscal years. And this losses were recovered by profit on sale of stocks.2.Inferior bondsLife Insurance companies had lots of bonds of real estate companies. Not a few of these bonds became inferior bonds after the collapse of so-called bubble economy.3.Inferior investigation in lendingInvestigation in lending of Life Insurance companies were inferior in those days.4.Insufficient independence of asset managementAsset management were restricted intensely by regulations, originally. And furthermore, life insurance asset were used for some political reasons.5.Other problemsSome Life Insurance companies had made inadequate asset management as loans for so-called salaried men. And we must notice that Life Insurance companies have lost confidence of people through asset managemen
2006-06-10