Japan’s insurance market to grow by $ 42.62 billion from 2021 to 2026


[ad_1]

NEW YORK, December 10, 2021 / PRNewswire / – Technavio’s latest offering, Insurance market in Japan The report provides a detailed analysis of the competitive scenario, drivers, challenges, trends and market growth in various regions. Growth in the insurance market share in Japan speak life insurance industry will be important for income generation. The main factor behind the adoption of life insurance in Japan is the low interest rate charged by customers for life insurance.

Attractive Opportunities in Japan Insurance Market by Type and Sales Channel – Forecast and Analysis 2022-2026

The insurance market in Japan should grow by $ 42.62 billion 2021 to 2026. However, the growth momentum is expected to slow down to a 2.42% CAGR according to the latest Technavio report.

For more information on the insurance market in JapanDownload a free sample now!

Market dynamics

The market is influenced by factors such as the growing geriatric population in Japan, fear of natural disasters and the emphasis on short-term insurance. However, the vulnerability to cybercrime hinders market growth. Holistic analysis of drivers and challenges will help infer end goals and refine marketing strategies to gain competitive advantage. The Insurance Market Analysis Report Japan Also provides detailed information on other upcoming trends which will have a huge effect on the growth of the market

Company Profiles

The insurance market in Japan is fragmented and vendors deploy various organic and inorganic growth strategies to compete in the market. Some of the companies covered in this report are Allianz Group, Asahi Mutual Life Insurance Co., Dai-ichi Life Holdings Inc., LIFENET INSURANCE CO., Mitsubishi HC Capital Inc., MS and AD Insurance Group Holdings Inc., Sompo Holdings Inc. ., The Toa Reinsurance Co. Ltd., Tokio Marine Holdings Inc. and Zurich Insurance Co. Ltd., etc.

  • Allianz Group – The company offers a wide range of insurance services through its subsidiary Allianz Life Insurance Japan Ltd.

  • Asahi Mutual Life Insurance Co. – The company offers a wide range of insurance services, including nursing insurance.

  • Dai-ichi Life Holdings Inc. – The company offers a wide range of insurance products including life insurance worldwide.

  • LIFENET INSURANCE CO. – The company offers a wide range of insurance products, including life, medical and disability insurance.

  • Mitsubishi HC Capital Inc – The company offers a wide range of insurance services through its subsidiary Hitachi Capital Insurance Corporation.

The insurance market in Japan The forecast report provides detailed information on the main supplier profiles. The profiles include information on production, sustainability and prospects for major companies.

Competitive analysis

The report includes Competitive Analysis, a proprietary tool to analyze and assess the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors considered for the analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.

Market segmentation

  • Through Type, the market is classified as life and non-life

  • Through Sales channel, the market is categorized into sales personnel, insurance agencies and others

Related reports-

Microinsurance market –The microinsurance market share is expected to increase by USD 30.44 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 7.40%. Download a free sample now!

Travel insurance market –The travel insurance market has the potential to grow by $ 12.61 billion over the period 2021-2025, and the market growth dynamics will accelerate at a CAGR of 8.60%. Download a free sample now!

Insurance market in Japan

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Decelerate to 2.42% CAGR

Market growth 2022-2026

$ 42.62 billion

Market structure

Fragmented

Annual growth (%)

2.46

Regional analysis

Japan

Efficient contribution to the market

100% Japan

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Allianz Group, Asahi Mutual Life Insurance Co., Dai-ichi Life Holdings Inc., LIFENET INSURANCE CO., Mitsubishi HC Capital Inc., MS and AD Insurance Group Holdings Inc., Sompo Holdings Inc., The Toa Reinsurance Co. Ltd. , Tokio Marine Holdings Inc. and Zurich Insurance Co. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio research
Jesse maida
Communication and Marketing Officer
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

Cision

Cision

View original content to download multimedia: https://www.prnewswire.com/news-releases/insurance-market-in-japan-to-grow-by-usd-42-62-bn-from-2021-to -2026 –segment-of-life-insurance-to-be-significant-for-revenue-generation-17000-technavio-reports-301441332.html

SOURCE Technavio

[ad_2]

About Emilie Brandow

Check Also

Trigon Terminals Set to Nearly Double Terminal Capacity and Advance Green Diversification with New Federal Funding

PRINCE RUPERT, BC, November 16, 2022 /CNW/ – Prince Rupert Trigon Pacific Terminals Limited (Trigon) …