Insurance Market in Japan 2023-2027

Description

List of Tables

The insurance market in Japan is forecasted to grow by USD 54.7 bn during 2022-2027, accelerating at a CAGR of 3.12% during the forecast period. The report on the insurance market in Japan provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing geriatric population in Japan, fear of natural disasters, and high focus of short-term insurance.

Technavio's insurance market in Japan is segmented as below:

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	2.76%
CAGR	3.12%
Incremental Value	$54.7bn

By Type

Life
Non-life

By Channel

Sales personnel
Insurance agencies

By Geographical Landscape

APAC

This study identifies the integration of IT and analytic solutions as one of the prime reasons driving the insurance market in Japan growth during the next few years. Also, use of digital platforms to purchase insurance and increasing demand for automotive insurance will lead to sizable demand in the market.

The report on the insurance market in Japan covers the following areas:

Insurance market sizing in Japan
Insurance market forecast in Japan
Insurance market industry analysis in Japan

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading insurance market in Japan vendors that include Allianz SE, Asahi Mutual Life Insurance Co., Dai ichi Life Holdings Inc., Mitsubishi HC Capital Inc., MS and AD Insurance Group Holdings Inc., Nippon Life Insurance Co., Sompo Holdings Inc., Sumitomo Life Insurance Co., The Toa Reinsurance Co. Ltd., Zurich Insurance Co. Ltd., AFLAC Inc., Lifenet Insurance Co. Ltd., and Meiji Yasuda Life Insurance Co.. Also, the insurance market in Japan analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71550

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Type
Exhibit 05: Executive Summary - Chart on Market Segmentation by Channel
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 12: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 13: Chart on Japan: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on Japan: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Insurance market in Japan 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on insurance market in Japan 2017 - 2021 ($ million)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.3 Channel Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Channel Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
Exhibit 25: Chart on Type - Market share 2022-2027 (%)
Exhibit 26: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 27: Chart on Comparison by Type
Exhibit 28: Data Table on Comparison by Type
6.3 Life - Market size and forecast 2022-2027
Exhibit 29: Chart on Life - Market size and forecast 2022-2027 ($ billion)
Exhibit 30: Data Table on Life - Market size and forecast 2022-2027 ($ billion)
Exhibit 31: Chart on Life - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Life - Year-over-year growth 2022-2027 (%)
6.4 Non-life - Market size and forecast 2022-2027
Exhibit 33: Chart on Non-life - Market size and forecast 2022-2027 ($ billion)
Exhibit 34: Data Table on Non-life - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Chart on Non-life - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Non-life - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 37: Market opportunity by Type ($ billion)
Exhibit 38: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Channel

7.1 Market segments
Exhibit 39: Chart on Channel - Market share 2022-2027 (%)
Exhibit 40: Data Table on Channel - Market share 2022-2027 (%)
7.2 Comparison by Channel
Exhibit 41: Chart on Comparison by Channel
Exhibit 42: Data Table on Comparison by Channel
7.3 Sales personnel - Market size and forecast 2022-2027
Exhibit 43: Chart on Sales personnel - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Data Table on Sales personnel - Market size and forecast 2022-2027 ($ billion)
Exhibit 45: Chart on Sales personnel - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Sales personnel - Year-over-year growth 2022-2027 (%)
7.4 Insurance agencies - Market size and forecast 2022-2027
Exhibit 47: Chart on Insurance agencies - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Insurance agencies - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Insurance agencies - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Insurance agencies - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Channel
Exhibit 51: Market opportunity by Channel ($ billion)
Exhibit 52: Data Table on Market opportunity by Channel ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 54: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends

10 Vendor Landscape

10.1 Overview
10.2 Vendor landscape
Exhibit 55: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 56: Overview on factors of disruption
10.4 Industry risks
Exhibit 57: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
Exhibit 58: Vendors covered
11.2 Market positioning of vendors
Exhibit 59: Matrix on vendor position and classification
11.3 AFLAC Inc.
Exhibit 60: AFLAC Inc. - Overview
Exhibit 61: AFLAC Inc. - Business segments
Exhibit 62: AFLAC Inc. - Key offerings
Exhibit 63: AFLAC Inc. - Segment focus
11.4 Allianz SE
Exhibit 64: Allianz SE - Overview
Exhibit 65: Allianz SE - Business segments
Exhibit 66: Allianz SE - Key news
Exhibit 67: Allianz SE - Key offerings
Exhibit 68: Allianz SE - Segment focus
11.5 Asahi Mutual Life Insurance Co.
Exhibit 69: Asahi Mutual Life Insurance Co. - Overview
Exhibit 70: Asahi Mutual Life Insurance Co. - Product / Service
Exhibit 71: Asahi Mutual Life Insurance Co. - Key offerings
11.6 Dai ichi Life Holdings Inc.
Exhibit 72: Dai ichi Life Holdings Inc. - Overview
Exhibit 73: Dai ichi Life Holdings Inc. - Business segments
Exhibit 74: Dai ichi Life Holdings Inc. - Key offerings
Exhibit 75: Dai ichi Life Holdings Inc. - Segment focus
11.7 Lifenet Insurance Co. Ltd.
Exhibit 76: Lifenet Insurance Co. Ltd. - Overview
Exhibit 77: Lifenet Insurance Co. Ltd. - Product / Service
Exhibit 78: Lifenet Insurance Co. Ltd. - Key offerings
11.8 Meiji Yasuda Life Insurance Co.
Exhibit 79: Meiji Yasuda Life Insurance Co. - Overview
Exhibit 80: Meiji Yasuda Life Insurance Co. - Product / Service
Exhibit 81: Meiji Yasuda Life Insurance Co. - Key offerings
11.9 Mitsubishi HC Capital Inc.
Exhibit 82: Mitsubishi HC Capital Inc. - Overview
Exhibit 83: Mitsubishi HC Capital Inc. - Business segments
Exhibit 84: Mitsubishi HC Capital Inc. - Key offerings
Exhibit 85: Mitsubishi HC Capital Inc. - Segment focus
11.10 MS and AD Insurance Group Holdings Inc.
Exhibit 86: MS and AD Insurance Group Holdings Inc. - Overview
Exhibit 87: MS and AD Insurance Group Holdings Inc. - Business segments
Exhibit 88: MS and AD Insurance Group Holdings Inc. - Key offerings
Exhibit 89: MS and AD Insurance Group Holdings Inc. - Segment focus
11.11 Nippon Life Insurance Co.
Exhibit 90: Nippon Life Insurance Co. - Overview
Exhibit 91: Nippon Life Insurance Co. - Business segments
Exhibit 92: Nippon Life Insurance Co. - Key offerings
Exhibit 93: Nippon Life Insurance Co. - Segment focus
11.12 Sompo Holdings Inc.
Exhibit 94: Sompo Holdings Inc. - Overview
Exhibit 95: Sompo Holdings Inc. - Business segments
Exhibit 96: Sompo Holdings Inc. - Key news
Exhibit 97: Sompo Holdings Inc. - Key offerings
Exhibit 98: Sompo Holdings Inc. - Segment focus
11.13 Sumitomo Life Insurance Co.
Exhibit 99: Sumitomo Life Insurance Co. - Overview
Exhibit 100: Sumitomo Life Insurance Co. - Product / Service
Exhibit 101: Sumitomo Life Insurance Co. - Key offerings
11.14 The Toa Reinsurance Co. Ltd.
Exhibit 102: The Toa Reinsurance Co. Ltd. - Overview
Exhibit 103: The Toa Reinsurance Co. Ltd. - Business segments
Exhibit 104: The Toa Reinsurance Co. Ltd. - Key offerings
Exhibit 105: The Toa Reinsurance Co. Ltd. - Segment focus
11.15 Zurich Insurance Co. Ltd.
Exhibit 106: Zurich Insurance Co. Ltd. - Overview
Exhibit 107: Zurich Insurance Co. Ltd. - Business segments
Exhibit 108: Zurich Insurance Co. Ltd. - Key offerings
Exhibit 109: Zurich Insurance Co. Ltd. - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 110: Inclusions checklist
Exhibit 111: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 112: Currency conversion rates for US$
12.4 Research methodology
Exhibit 113: Research methodology
Exhibit 114: Validation techniques employed for market sizing
Exhibit 115: Information sources
12.5 List of abbreviations
Exhibit 116: List of abbreviations