Insurance Market in Japan 2025-2029

Description

List of Tables

The insurance market in Japan is forecasted to grow by USD 46.7 billion during 2024-2029, accelerating at a CAGR of 3% 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 the growing geriatric population in Japan, fear of natural disasters, and high focus of short-term insurance.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	2.8%
CAGR	3%
Incremental Value	$46.7 bn

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

By Type

Life
Non-life

By Channel

Sales personnel
Insurance agencies

By Sector

Public/government insurance companies
Private insurance companies

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 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 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 primary and secondary research. 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 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 Market Segmentation by Sector
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan: Year-over-year growth 2024-2029 (%)
- Data Table on Japan: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Insurance Market in Japan 2019 - 2023
- Historic Market Size - Data Table on Insurance Market in Japan 2019 - 2023 ($ billion)
5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.3 Channel segment analysis 2019 - 2023
- Historic Market Size - Channel Segment 2019 - 2023 ($ billion)
5.4 Sector segment analysis 2019 - 2023
- Historic Market Size - Sector Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

6.1 Impact of AI on insurance market in Japan

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
8.3 Life - Market size and forecast 2024-2029
- Chart on Life - Market size and forecast 2024-2029 ($ billion)
- Data Table on Life - Market size and forecast 2024-2029 ($ billion)
- Chart on Life - Year-over-year growth 2024-2029 (%)
- Data Table on Life - Year-over-year growth 2024-2029 (%)
8.4 Non-life - Market size and forecast 2024-2029
- Chart on Non-life - Market size and forecast 2024-2029 ($ billion)
- Data Table on Non-life - Market size and forecast 2024-2029 ($ billion)
- Chart on Non-life - Year-over-year growth 2024-2029 (%)
- Data Table on Non-life - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

9 Market Segmentation by Channel

9.1 Market segments
- Chart on Channel - Market share 2024-2029 (%)
- Data Table on Channel - Market share 2024-2029 (%)
9.2 Comparison by Channel
- Chart on Comparison by Channel
- Data Table on Comparison by Channel
9.3 Sales personnel - Market size and forecast 2024-2029
- Chart on Sales personnel - Market size and forecast 2024-2029 ($ billion)
- Data Table on Sales personnel - Market size and forecast 2024-2029 ($ billion)
- Chart on Sales personnel - Year-over-year growth 2024-2029 (%)
- Data Table on Sales personnel - Year-over-year growth 2024-2029 (%)
9.4 Insurance agencies - Market size and forecast 2024-2029
- Chart on Insurance agencies - Market size and forecast 2024-2029 ($ billion)
- Data Table on Insurance agencies - Market size and forecast 2024-2029 ($ billion)
- Chart on Insurance agencies - Year-over-year growth 2024-2029 (%)
- Data Table on Insurance agencies - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Channel
- Market opportunity by Channel ($ billion)
- Data Table on Market opportunity by Channel ($ billion)

10 Market Segmentation by Sector

10.1 Market segments
- Chart on Sector - Market share 2024-2029 (%)
- Data Table on Sector - Market share 2024-2029 (%)
10.2 Comparison by Sector
- Chart on Comparison by Sector
- Data Table on Comparison by Sector
10.3 Public/government insurance companies - Market size and forecast 2024-2029
- Chart on Public/government insurance companies - Market size and forecast 2024-2029 ($ billion)
- Data Table on Public/government insurance companies - Market size and forecast 2024-2029 ($ billion)
- Chart on Public/government insurance companies - Year-over-year growth 2024-2029 (%)
- Data Table on Public/government insurance companies - Year-over-year growth 2024-2029 (%)
10.4 Private insurance companies - Market size and forecast 2024-2029
- Chart on Private insurance companies - Market size and forecast 2024-2029 ($ billion)
- Data Table on Private insurance companies - Market size and forecast 2024-2029 ($ billion)
- Chart on Private insurance companies - Year-over-year growth 2024-2029 (%)
- Data Table on Private insurance companies - Year-over-year growth 2024-2029 (%)
10.5 Market opportunity by Sector
- Market opportunity by Sector ($ billion)
- Data Table on Market opportunity by Sector ($ billion)

11 Customer Landscape

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

12 Drivers, Challenges, and Opportunity/Restraints

12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints

13 Competitive Landscape

13.1 Overview
13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
- Overview on factors of disruption
13.4 Industry risks
- Impact of key risks on business

14 Competitive Analysis

14.1 Companies profiled
- Companies covered
14.2 Company ranking index
- Company ranking index
14.3 Market positioning of companies
- Matrix on companies position and classification
14.4 AFLAC Inc.
- AFLAC Inc. - Overview
- AFLAC Inc. - Business segments
- AFLAC Inc. - Key offerings
- AFLAC Inc. - Segment focus
- SWOT
14.5 Allianz SE
- Allianz SE - Overview
- Allianz SE - Business segments
- Allianz SE - Key news
- Allianz SE - Key offerings
- Allianz SE - Segment focus
- SWOT
14.6 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
- SWOT
14.7 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
- SWOT
14.8 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
- SWOT
14.9 Lifenet Insurance Co. Ltd.
- Lifenet Insurance Co. Ltd. - Overview
- Lifenet Insurance Co. Ltd. - Product / Service
- Lifenet Insurance Co. Ltd. - Key offerings
- SWOT
14.10 Manulife Financial Corp.
- Manulife Financial Corp. - Overview
- Manulife Financial Corp. - Business segments
- Manulife Financial Corp. - Key offerings
- Manulife Financial Corp. - Segment focus
- SWOT
14.11 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
- SWOT
14.12 Metlife Inc.
- Metlife Inc. - Overview
- Metlife Inc. - Business segments
- Metlife Inc. - Key offerings
- Metlife Inc. - Segment focus
- SWOT
14.13 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
- SWOT
14.14 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
- SWOT
14.15 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
- SWOT
14.16 Sompo Holdings Inc.
- Sompo Holdings Inc. - Overview
- Sompo Holdings Inc. - Business segments
- Sompo Holdings Inc. - Key offerings
- Sompo Holdings Inc. - Segment focus
- SWOT
14.17 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
- SWOT
14.18 Zurich Insurance Co. Ltd.
- Zurich Insurance Co. Ltd. - Overview
- Zurich Insurance Co. Ltd. - Business segments
- Zurich Insurance Co. Ltd. - Key news
- Zurich Insurance Co. Ltd. - Key offerings
- Zurich Insurance Co. Ltd. - Segment focus
- SWOT

15 Appendix

15.1 Scope of the report
15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
15.3 Currency conversion rates for US$
- Currency conversion rates for US$
15.4 Research methodology
- Research methodology
15.5 Data procurement
- Information sources
15.6 Data validation
- Data validation
15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
15.8 Data synthesis
- Data synthesis
15.9 360 degree market analysis
- 360 degree market analysis
15.10 List of abbreviations
- List of abbreviations