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Japan Insurance Report Q4 2017

BMI View:

For all its strengths, the massive Japanese life segment is a mature market. Many of the majors are lookingfor growth overseas and/or through domestic acquisitions. This quarter, we have revised downwards ourforecasts for premiums in the non-life segment. This is mainly because of a more cautious view of theprospects for motor vehicle insurance premiums. In both major segments, profitable niches remainavailable to foreign insurance companies.

Key Updates And Forecasts

The life segment will be supported by: increasing demand for retirement income solutions; theestablished position of the life insurance industry as a provider of social security in Japan; the low ratesof return available from competing investment opportunities; and innovation by life insurers in terms ofproduct design, distribution and brand. Major life companies continue to announce initiatives to expandoverseas and/or to undertake acquisitions of other Japanese companies. Overall, though, premiums in thissegment should grow quite slowly through the remainder of the forecast period.

BMI Industry View
Table: Headline Insurance Forecasts (Japan 2014-2021)
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Japan 2014-2021)
Table: Life Insurance Claims (Japan 2009-2016)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Japan 2014-2021)
Table: Non-Life Insurance Claims (Japan 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Japan 2014-2021)
Insurance Risk/Reward Index
Asia Pacific Insurance Risk/Reward Index
Table: Asia Pacific Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Life Premiums By Company (USDmn) 2009-2015
Table: Life Insurance Company Market Shares (%), 2009-2015
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Company Profile
Japan Post Insurance
Nippon Life (Nissay)
Sompo Japan Nipponkoa Holdings
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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