subject: Japan Insurance Market Intelligence - Market Research Report On Aarkstore Enterprise. [print this page] Japan Insurance Market Intelligence "Japan is the third largest player worldwide in terms of insurance premium. Despite this, the Japanese insurance industry has been declining since the past few years. This decline is attributed to high penetration rate of life insurance in the country. Further, the amount held per person is at least more than half as compared to what it is in the United States. This makes it difficult for the insurers to move on from the present market situation as there is a limited 10% of the population to be catered for the life insurers.
Like many other countries, the Japanese insurance industry can be categorized into two different segments: life and non-life. Life insurance contributes more than three fourth of the total industry, whereas non-life serves for only one fourth of the total insurance market in Japan. The per capita expenditure on insurance is very high in Japan; however, it is growing at a slower rate due to reduced foreign investment and fall in total population. The insurance penetration rate of Japan is higher than the average of the industrialized markets, in terms of premiums as a percentage of gross domestic products.
The present report gives an overview of Japans insurance market along with an analysis of the Japanese political structure and the economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given.
By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the Japanese insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Table of Contents :
1. Industry Snapshot
1.1 Industry Structure
1.1.1 Life Insurance Consist of Only Death Benefit and Endowment Insurance
1.1.2 Historically Dominating Tied Agents are on a Decline
1.2 Market Overview
1.2.1 Market Size & Growth
1.2.1.1 Japanese Insurance Industry Witnessed Decline over Last Couple of Years
1.2.1.2 Industry Decline Due to High Life Insurance Penetration Rate & Declining Population
1.2.1.3 Global Economic Slowdown had Negative Impact on the Insurance Market
1.2.2 Market Segments
1.2.2.1 Japan is One of the Largest Holders of Life and Health Insurance Globally
1.2.2.2 Life Insurance is the Largest Segment of the Japanese Insurance Market
1.2.2.3 Individual Insurance is the Largest Segment in the Life Insurance Business
1.2.2.4 Voluntary Automobile is the Largest Segment in the Non-Life Insurance Business
1.2.2.5 Economic Downturn had Adverse Impact on Non-Life Insurance Segment
1.2.3 Market Density & Penetration
1.2.3.1 Per Capita Expenditure on Insurance is Very High in Japan
1.2.3.2 Reduced Foreign Investment and Falling Population Causing Fall in Density Growth
1.2.3.3 Penetration Rate Above the Average of Industrialized Markets
1.2.4 Market Share
1.2.4.1 Three Private Players Controlling over Half of the Total Lifes Assets
1.2.4.2 New Life Insurance Players Applying Innovative Ways to Hold Down Sales Costs
1.2.4.2 Intense Price Competition in Non-Life Following Market Deregulation
