Japan Insurance Market Size 2024-2028
The Japan insurance market in size is forecast to increase by USD 26 billion at a CAGR of 1.74% between 2023 and 2028. The market is experiencing significant growth driven by several key factors. The aging population in Japan, with the highest life expectancy rate in the world, is leading to a rise in demand for long-term care and health insurance. Integration of IT and analytic solutions is transforming the industry by enabling personalized insurance offerings and improving operational efficiency. However, the market faces challenges such as vulnerability to cybercrime and increasing competition from digital insurers. Adopting advanced technologies like AI and ML, and strengthening cybersecurity measures will be essential for insurers to stay competitive and mitigate risks. The market is expected to grow steadily, with a focus on innovation and customer experience becoming crucial differentiators.
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
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 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
- 9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 9.4 Market opportunities/restraints
10 Competitive Landscape
- 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
- 11.2 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
- 12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 12.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 12.4 Research methodology
- 12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 12.9 360 degree market analysis
- 360 degree market analysis
- 12.10 List of abbreviations
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