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Japan Insurance Report Q1 2013 - Product Image

Japan Insurance Report Q1 2013

  • Published: November 2012
  • Region: Japan
  • 69 pages
  • Business Monitor International


  • Japan Post Insurance
  • MetLife
  • Nippon Life (Nissay)
  • NKSJ Holdings
  • Prudential Financial
  • MORE

The Japan Insurance Report considers the prospects for both life and non-life (property & casualty and health) insurers. Both segments differ quite markedly from their counterparts in other countries that are surveyed by BMI. In part because of mega-mergers (particularly in the non-life segment), companies have enormous scale by any standards. Insurers are an integral part of the peculiar financial sector of Japan, in which accumulated savings are enormous and are often channelled to the government and its agencies through Japanese government bonds (JGBs) or other securities.

Perhaps most importantly, the markets are orderly. Notwithstanding that some major lines (such as the auto-related business written by many of the major non-life companies) there is an absence of cutthroat competition. Barriers to entry to foreign groups are high. However, they are not insurmountable.

Particular foreign groups with the absolute size, capital strength, brands, expertise in developing annuity products (especially) and long-established distribution relationships continue to flourish in Japan.

As of late 2012, much of the latest newsflow has been uninspiring. The stagnation READ MORE >

Executive Summary 5
Table: Total Premiums, 2010-2017 5

Key Insights And Key Risks 5

SWOT Analysis 7

Japan Insurance Industry SWOT 7

Japan Political SWOT 9

Japan Economic SWOT 10

Japan Business Environment SWOT 11

Life Sector Overview 12

Developed States Life Sector Overview 12
Table: Developed States Life Premiums 2010-2017 12

Japan Life Sector Update 13

Life Industry Forecast Scenario 16
Table: Life Premiums, 2010-2017 16

Industry Forecast Scenario 17

Growth Drivers And Risk Management Projections 17

Population 17
Table: Insurance Key Drivers, Demographics, 2010-2017 17

Non-Life Sector Overview 19

Developed States Non-Life Sector Overview 19
Table: Developed States Non-Life Premiums, 2010-2017 (US$mn) 19

Japan Non-Life Sector Update 21

Non-Life Forecast Scenario 23
Table: Non-Life Premiums, 2010-2017 23

Growth Drivers And Risk Management Projections 24

Macroeconomic Outlook 24
Table: Japan – Economic Activity, 2011-2016 27
Table: Japan Macroeconomic Data And Forecasts 2010-2017 27

Political Stability Outlook 28
Table: Asia Pacific Regional Security Ratings 30

Healthcare 30

Epidemiology 31
Table: Japan Insurance Key Drivers – Disease Adjusted Life Years, 2010-2017 32

Motor 33

Insurance Risk/Reward Ratings 35
Table: Japan’s Insurance Risk/Reward Ratings 35
Table: Developed States Insurance Risk/Reward Ratings 36

Competitive Landscape 37

Major Players In Japan’s Insurance Sector 40

Life Insurance 41

Non-Life Insurance 43

Company Profiles 45

Japan Post Insurance 45

Nippon Life (Nissay) 48

NKSJ Holdings 51

Prudential Financial 54

MetLife 58

Country Snapshot 61
Table: Japan's Population By Age Group, 1990-2020 ('000) 62
Table: Japan's Population By Age Group, 1990-2020 (% of total) 63
Table: Japan's Key Population Ratios, 1990-2020 64
Table: Japan's Rural And Urban Population, 1990-2020 64

BMI Methodology 65

Insurance Risk/Reward Ratings 66
Table: Insurance Business Environment Indicators And Rationale 67
Table: Weighting Of Indicators 68

Japan Post Insurance
Nippon Life (Nissay)
NKSJ Holdings
Prudential Financial

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