Insurance Market in Japan 2024-2028

List of Tables

Global Insurance Market In Japan 2024-2028

The insurance market in japan is forecasted to grow by USD 26 bn during 2023-2028, accelerating at a CAGR of 1.74% 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.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	2.22%
CAGR	1.74%
Incremental Value	$26bn

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

By Type

Life
Non-life

By Channel

Sales personnel
Insurance agencies

By Geography

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 in japan sizing
Insurance market in japan forecast
Insurance market in japan industry analysis

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 AFLAC Inc., Allianz SE, Asahi Mutual Life Insurance Co., Dai ichi Life Holdings Inc., JAPAN POST INSURANCE Co., Ltd., Lifenet Insurance Co. Ltd., Manulife Financial Corp., Medicare Life Insurance Co., Ltd., Meiji Yasuda Life Insurance Co., Metlife Inc., MS and AD Insurance Group Holdings Inc., Nippon Life Insurance Co., Orix Corp., Pruco Life Insurance Company, Rakuten Group Inc., SBI Insurance Group Co., Ltd., Sompo Holdings Inc., Sony Financial Group Inc., Tokio Marine Holdings Inc., and Zurich Insurance Co. Ltd.. 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
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Channel
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan: Year-over-year growth 2023-2028 (%)
- Data Table on Japan: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Insurance Market in Japan 2018 - 2022
- Historic Market Size - Data Table on Insurance Market in Japan 2018 - 2022 ($ billion)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 Channel segment analysis 2018 - 2022
- Historic Market Size - Channel Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 Life - Market size and forecast 2023-2028
- Chart on Life - Market size and forecast 2023-2028 ($ billion)
- Data Table on Life - Market size and forecast 2023-2028 ($ billion)
- Chart on Life - Year-over-year growth 2023-2028 (%)
- Data Table on Life - Year-over-year growth 2023-2028 (%)
6.4 Non-life - Market size and forecast 2023-2028
- Chart on Non-life - Market size and forecast 2023-2028 ($ billion)
- Data Table on Non-life - Market size and forecast 2023-2028 ($ billion)
- Chart on Non-life - Year-over-year growth 2023-2028 (%)
- Data Table on Non-life - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Channel

7.1 Market segments
- Chart on Channel - Market share 2023-2028 (%)
- Data Table on Channel - Market share 2023-2028 (%)
7.2 Comparison by Channel
- Chart on Comparison by Channel
- Data Table on Comparison by Channel
7.3 Sales personnel - Market size and forecast 2023-2028
- Chart on Sales personnel - Market size and forecast 2023-2028 ($ billion)
- Data Table on Sales personnel - Market size and forecast 2023-2028 ($ billion)
- Chart on Sales personnel - Year-over-year growth 2023-2028 (%)
- Data Table on Sales personnel - Year-over-year growth 2023-2028 (%)
7.4 Insurance agencies - Market size and forecast 2023-2028
- Chart on Insurance agencies - Market size and forecast 2023-2028 ($ billion)
- Data Table on Insurance agencies - Market size and forecast 2023-2028 ($ billion)
- Chart on Insurance agencies - Year-over-year growth 2023-2028 (%)
- Data Table on Insurance agencies - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Channel
- Market opportunity by Channel ($ billion)
- Data Table on Market opportunity by Channel ($ billion)

8 Customer Landscape

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

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview
10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
- Overview on factors of disruption
10.4 Industry risks
- Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled
- Companies covered
11.2 Market positioning of companies
- Matrix on companies position and classification
11.3 AFLAC Inc.
- AFLAC Inc. - Overview
- AFLAC Inc. - Business segments
- AFLAC Inc. - Key offerings
- AFLAC Inc. - Segment focus
11.4 Allianz SE
- Allianz SE - Overview
- Allianz SE - Business segments
- Allianz SE - Key news
- Allianz SE - Key offerings
- Allianz SE - Segment focus
11.5 Asahi Mutual Life Insurance Co.
- Asahi Mutual Life Insurance Co. - Overview
- Asahi Mutual Life Insurance Co. - Product / Service
- Asahi Mutual Life Insurance Co. - Key offerings
11.6 Dai ichi Life Holdings Inc.
- Dai ichi Life Holdings Inc. - Overview
- Dai ichi Life Holdings Inc. - Business segments
- Dai ichi Life Holdings Inc. - Key offerings
- Dai ichi Life Holdings Inc. - Segment focus
11.7 JAPAN POST INSURANCE Co., Ltd.
- JAPAN POST INSURANCE Co., Ltd. - Overview
- JAPAN POST INSURANCE Co., Ltd. - Product / Service
- JAPAN POST INSURANCE Co., Ltd. - Key offerings
11.8 Lifenet Insurance Co. Ltd.
- Lifenet Insurance Co. Ltd. - Overview
- Lifenet Insurance Co. Ltd. - Product / Service
- Lifenet Insurance Co. Ltd. - Key offerings
11.9 Manulife Financial Corp.
- Manulife Financial Corp. - Overview
- Manulife Financial Corp. - Business segments
- Manulife Financial Corp. - Key offerings
- Manulife Financial Corp. - Segment focus
11.10 Meiji Yasuda Life Insurance Co.
- Meiji Yasuda Life Insurance Co. - Overview
- Meiji Yasuda Life Insurance Co. - Product / Service
- Meiji Yasuda Life Insurance Co. - Key offerings
11.11 Metlife Inc.
- Metlife Inc. - Overview
- Metlife Inc. - Business segments
- Metlife Inc. - Key offerings
- Metlife Inc. - Segment focus
11.12 MS and AD Insurance Group Holdings Inc.
- MS and AD Insurance Group Holdings Inc. - Overview
- MS and AD Insurance Group Holdings Inc. - Business segments
- MS and AD Insurance Group Holdings Inc. - Key news
- MS and AD Insurance Group Holdings Inc. - Key offerings
- MS and AD Insurance Group Holdings Inc. - Segment focus
11.13 Nippon Life Insurance Co.
- Nippon Life Insurance Co. - Overview
- Nippon Life Insurance Co. - Business segments
- Nippon Life Insurance Co. - Key offerings
- Nippon Life Insurance Co. - Segment focus
11.14 Rakuten Group Inc.
- Rakuten Group Inc. - Overview
- Rakuten Group Inc. - Business segments
- Rakuten Group Inc. - Key news
- Rakuten Group Inc. - Key offerings
- Rakuten Group Inc. - Segment focus
11.15 Sompo Holdings Inc.
- Sompo Holdings Inc. - Overview
- Sompo Holdings Inc. - Business segments
- Sompo Holdings Inc. - Key offerings
- Sompo Holdings Inc. - Segment focus
11.16 Sony Financial Group Inc.
- Sony Financial Group Inc. - Overview
- Sony Financial Group Inc. - Business segments
- Sony Financial Group Inc. - Key offerings
- Sony Financial Group Inc. - Segment focus
11.17 Zurich Insurance Co. Ltd.
- Zurich Insurance Co. Ltd. - Overview
- Zurich Insurance Co. Ltd. - Business segments
- Zurich Insurance Co. Ltd. - Key offerings
- Zurich Insurance Co. Ltd. - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
12.3 Currency conversion rates for US$
- Currency conversion rates for US$
12.4 Research methodology
- Research methodology
12.5 Data procurement
- Information sources
12.6 Data validation
- Data validation
12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
12.8 Data synthesis
- Data synthesis
12.9 360 degree market analysis
- 360 degree market analysis
12.10 List of abbreviations
- List of abbreviations