Japan Insurance Market Analysis and Growth Report, 2018
Japan Insurance Market Analysis and Growth Report, 2018

Report Summary:

researchFOLKS’ ’‘Japan Insurance Market Analysis” report offers a retrospective analysis of trends and events occurred in the industry in the recent few years with forward looking statements and also a comprehensive view on the impact of growing customer data volume and technology adoption in the industry. The report also provides accurately validated market statistics of both life and non-life segments along with the future projections till 2022. 

Technology, connectivity and internet usage has revolutionized the industry and offering huge growth opportunities for the insurers, which is encouraging them to pursue innovation with data and technology providers in order to improve their capabilities and product offerings. However, this has created evolving risks from cyber threats. In our report, we pinpoint how the insurers are responding to changing technology landscape and addressing cyber related issues in greater detail.

Our report also touches on various innovative distribution channels adopted by insurers, market growth drivers, emerging technologies in the market and industry benchmarking with other peer countries and their relative market positioning for both life and non-life business segments. In addition, the report also touches on regulatory framework, and broader implications of regulatory policy changes on insurance market.

Insurance Market in Japan - Highlights of the report:

The increasing elderly population and life expectancy in Japan push the life insurance and non-life insurance companies to acquire counterparts in leading economies like the US, UK and Australia increasing the portfolio of services. For instance, Meiji Yasuda Life Insurance Co. has introduced the first healthcare insurance plan for the customers above the age of 90 years in December 2017.

The liberalization of bancassurance in December 2017 is given more preference by the insurance companies instead of direct sales and insurance intermediaries. The life insurance coverage's demand has declined with the decrease in birth rates and increases in ageing population. A similar scenario is observed in the non-life insurance market of Japan.

The Insurance Business Act (IBA) and its regulating provisions that control the insurance and reinsurance businesses in Japan. IBA also handles the mergers, transfers of business, and insurance company splits, which further needs the Financial Services Agency (FSA) authorization. FSA is the regulatory body that monitors the insurance industry and supervises the insurance companies of the region.

InsurTech holds the solution for the growing cases of obesity and elderly population in the country. Recent initiatives like artificial intelligence to track and collect user information can help the insurance companies to analyse the data and offer innovative solutions for the customers.

List of Companies mentioned in the report:

    • Meiji Yasuda General Insurance
    • Sompo Japan Nipponkoa Insurance
    • Mitsui Sumitomo Insurance
    • SECOM General Insurance
    • Sony Assurance
    • Hitachi Capital Insurance
    • Sonpo 24 Insurance
    • Anicom Insurance
    • Fukokushinrai Life Insurance
    • Daido Life Insurance

Scope of the report:

    • The overview of insurance industry market and comprehensive analysis of the market drivers
    • It provides conventional and contemporary information about insurance market and predictions till 2022
    • It details the emerging technologies and various distribution channels adopted by insurers to improve the customer base and their economic, regional and business impact on the overall industry
    • Opportunities presented by Insurtech startups to the insurers, investment in Insurtech companies and key trends to watch in Insurtech market
    • Detailed information about existing market leaders, their strategies and government policies driving insurance market

Key Questions answered by the report:

    • What is the penetration rate of life and non-life insurance business segments; and the futuristic overview?
    • Who are the leading insurers in the market and what strategies they are adopting to maintain leadership positions?
    • What are the growth opportunities provided by the alternative distribution channels to the insurance market?
    • How are the emerging technologies and new product launches affecting the local insurers of the country?

Reasons to purchase this report:

    • Enhance the decision-making with the comprehensive information about trends, conventional statistics, and forecast for next five years
    • Understand the competitive landscape in the insurance industry and their marketing strategies
    • Unfold hidden growth opportunities with the use of data about emerging transitions in the market and customer transactional behaviors
    • Broaden the insight about regulatory policies and frameworks that impact insurance industry market
Table of Contents:

1. Definitions

2. Research Methodology

2.1 Research Process

2.1.1 Market Sizing

2.1.2 Competitor Analysis

2.1.3 Market Forecasting

2.1.4 Quality Control Process

3. Executive Summary

4. Industry Benchmarking with Peer Countries

5. Market Attractiveness

6. Regulatory Framework

7. SWOT Analysis

8. Porter’s Five Forces Analysis

9. InsurTech Landscape

10. Industry Enablers/Growth Drivers

11. Market analysis by business segment

12. Market Analysis by Distribution Channels

13. Key Industry Developments

14. Industry Outlook

15. Key Operators in the Market – Company Profiles

16. Appendix

16.1 Industry Stats


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