PUBLISHER: IMARC | PRODUCT CODE: 1729550
PUBLISHER: IMARC | PRODUCT CODE: 1729550
Japan Bancassurance Market Report by Product Type (Life Bancassurance, Non-Life Bancassurance), Model Type (Pure Distributor, Exclusive Partnership, Financial Holding, Joint Venture), and Region 2025-2033
The Japan bancassurance market size reached USD 141 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 225 Billion by 2033, exhibiting a growth rate (CAGR) of 5.4% during 2025-2033.
Bancassurance refers to an agreement between an insurance company and a bank that allows them to collaborate in a partnership to sell insurance services and financial products via the banking institutions. This setup results in improved profitability, sales generation, and retention of existing and new customers through strategic alliances and joint ventures.
The market in Japan is primarily driven by significant growth in the banking, financial, services and insurance (BFSI) sector. Along with this, multiple key players in the country are also engaging in strategic partnerships to expand their presence in the market. Moreover, banks are launching new customer-centric products and strengthening their bancassurance businesses using advanced financial services and product development expertise. This is expected to positively influence the market growth. Also, market players are engaging in partnership to boost their bancassurance sales, which, in turn, is further providing an impetus to the market growth. Some of the other factors contributing to the market growth include continual technological advancements across the banking sector, such as the increasing adoption of application programming interfaces (APIs) and cloud computing.
Key Market Segmentation:
Breakup by Product Type:
- Life Bancassurance
- Non-Life Bancassurance
Breakup by Model Type:
- Pure Distributor
- Exclusive Partnership
- Financial Holding
- Joint Venture
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Questions Answered in This Report:
- How has the Japan bancassurance market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Japan bancassurance market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the model type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Japan bancassurance market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Japan Bancassurance Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Life Bancassurance
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Non-Life Bancassurance
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Model Type
- 7.1 Pure Distributor
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Exclusive Partnership
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Financial Holding
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Joint Venture
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 SWOT Analysis
- 8.1 Overview
- 8.2 Strengths
- 8.3 Weaknesses
- 8.4 Opportunities
- 8.5 Threats
9 Value Chain Analysis
10 Porters Five Forces Analysis
- 10.1 Overview
- 10.2 Bargaining Power of Buyers
- 10.3 Bargaining Power of Suppliers
- 10.4 Degree of Competition
- 10.5 Threat of New Entrants
- 10.6 Threat of Substitutes
11 Policy and Regulatory Landscape
12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Key Players
- 12.3 Profiles of Key Players
List of Figures
- Figure 1: Japan: Bancassurance Market: Major Drivers and Challenges
- Figure 2: Japan: Bancassurance Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Japan: Bancassurance Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Japan: Bancassurance Market: Breakup by Product Type (in %), 2024
- Figure 5: Japan: Bancassurance Market: Breakup by Model Type (in %), 2024
- Figure 6: Japan: Bancassurance Market: Breakup by Region (in %), 2024
- Figure 7: Japan: Bancassurance (Life Bancassurance) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 8: Japan: Bancassurance (Life Bancassurance) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 9: Japan: Bancassurance (Non-Life Bancassurance) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Japan: Bancassurance (Non-Life Bancassurance) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Japan: Bancassurance (Pure Distributor) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Japan: Bancassurance (Pure Distributor) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Japan: Bancassurance (Exclusive Partnership) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Japan: Bancassurance (Exclusive Partnership) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Japan: Bancassurance (Financial Holding) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Japan: Bancassurance (Financial Holding) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Japan: Bancassurance (Joint Venture) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Japan: Bancassurance (Joint Venture) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Japan: Bancassurance Industry: SWOT Analysis
- Figure 20: Japan: Bancassurance Industry: Value Chain Analysis
- Figure 21: Japan: Bancassurance Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Japan: Bancassurance Market: Key Industry Highlights, 2024 and 2033
- Table 2: Japan: Bancassurance Market Forecast: Breakup by Product Type (in Million USD), 2025-2033
- Table 3: Japan: Bancassurance Market Forecast: Breakup by Model Type (in Million USD), 2025-2033
- Table 4: Japan: Bancassurance Market: Competitive Structure
- Table 5: Japan: Bancassurance Market: Key Players
