13 March 2014 (11:14 UTC-07 Tango)/11 Jumada l-Ula 1435/22 Esfand 1392/13 Ding-Mao 4712

After buying up several smaller competitors, and becoming a dominant insurance seller on the internet, the third largest life insurance company (by revenue) has discovered they’ve lost data for 40-thousand customers.

Japan’s number 3, Dai-ichi Life, discovered that two data tapes went missing last month.  Only now are they telling the public.  The tapes contain names, addresses and medical histories of customers.

Last month Dai-ichi Life took over Sompo Japan insurance company, as well as Dai-ichi Frontier Life (which was originally affiliated with Sompo).

Dai-ichi Life also expanded operations into Vietnam.  Vietnam’s state-run Vietnam Television is running commercials for Dai-ichi Life, that have the slogan “Bringing the bond of reassurance to countries and regions around the world”.

Don’t think the company is making its money off insurance customers.  Dai-ichi Life has about $39-billion USD invested in government bonds, and they’re focusing on the failed economies of Spain and Italy with the hope of a big turnaround, soon!