International - US urges Kampo reform

The American Council of Life Insurers (ACLI) has issued a white paper on what it describes as violations of the general agreement on trade in services by Japan in its dealings with postal insurance giant Kampo.Kampo represents approximately 40% of the entire Japanese life insurance marketplace by policies in force and is now being prepared for privatisation.However, in January this year it started marketing a new fixed-term whole life policy with a health benefits rider that the ACLI claims