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.
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 Japan – Download a free sample now!
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
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.
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.
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
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
Year of reference
Growth dynamics and CAGR
Decelerate to 2.42% CAGR
Market growth 2022-2026
$ 42.62 billion
Annual growth (%)
Efficient contribution to the market
Leading companies, competitive strategies, reach of consumer engagement
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.
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
If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.
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