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Japan Insurance Report Q2 2016

  • ID: 3616056
  • February 2016
  • Region: Japan
  • 56 pages
  • Business Monitor International
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Home to large numbers of wealthy - and ageing - households that have long valued the advantages of life insurers' offerings, Japan is a rare example of a life insurance market that is enormous in absolute terms, well developed by most metrics and still expanding faster than the economy as a whole. It is also profitable for most of the long-established (and enormous) players, notwithstanding that earnings have been crimped by very low interest rates. Conversely, the non-life segment faces headwinds - in particular, contracting volumes for motor insurers, who account for over half of the premiums written in the segment.

Key Updates And Forecasts

- The report forecast growth in life insurance premiums of around 4% annually through the forecast period, notwithstanding that some companies have reported double-digit rises in new business in recent months. Growth will be driven by increasing demand for retirement income solutions; the established position of the life insurance industry as a provider of social security in Japan; the low rates of return available from competing investment opportunities; and innovation by life insurers in terms of product design, distribution and brand.

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Industry View
Table: Headline Insurance Forecasts (Japan 2013-2020)

SWOT

Insurance

Industry Forecast

Life Premiums Forecast
Table: Life Premiums (Japan 2013-2020)
Table: Life Insurance Claims (Japan 2007-2014)

Non-Life Premiums Forecast
Table: Non-Life Premiums (Japan 2013-2020)
Table: Non-Life Insurance Claims (Japan 2008-2014)

Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Japan 2013-2020)

Insurance Risk/Reward Index

Asia Pacific Industry Risk/Reward Index
Table: Asia Pacific Insurance Risk/Reward Index Q216

Market Overview

Life Market Overview

The Product Offering

The Competitive Landscape
Table: Life Insurance Market (USDmn) 2007-2012
Table: Life Insurance Market (%) 2006-2012

Non-Life Market Overview

The Product Offering

The Competitive Landscape

Company Profile

Japan Post Insurance

MetLife

Nippon Life (Nissay)

Sompo Japan Nipponkoa Holdings

Methodology

Industry Forecast Methodology

Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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