The Independent Insurance Agents & Brokers of America has asked the U.S. Trade Representative to help see revisions to Japan's insurance regulation that would give U.S. carriers more access to markets and give the nation's brokers more business opportunities.

In a letter to Susan C. Schwab, U.S. Trade Representative, Robert Rusbuldt, the IIABA's chief executive officer, said the association has become aware of regulatory barriers that limit business development for member brokers in Japan.

Under Japan's rules, captive agencies within large companies control the bulk of commercial lines insurance there. The system has kept U.S. insurers from making inroads into Japan's market, limiting U.S. interests to 5 percent of the entire market.

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