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Non-Life Insurance in Japan, Key Trends and Opportunities to 2020

  • Key Facts and Highlights
    • Table Japanese Non-Life Insurance - Key Facts, 2015
    • Table Japanese Non-Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Japanese Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Japanese Non-Life Insurance - Gross Written Premium (JPY Trillion and US$ Billion), 2011-2015
        • Table Japanese Non-Life Insurance - Penetration (%), 2011-2015
        • Table Japanese Non-Life Insurance - Gross Written Premium (JPY Trillion and US$ Billion), 2015-2020
        • Table Japanese Non-Life Insurance - Penetration (%), 2015-2020
        • Table Japanese Non-Life Insurance - Premium per Capita (JPY and US$), 2011-2015
        • Table Japanese Non-Life Insurance - Premium per Capita (JPY and US$), 2015-2020
      • Claims
        • Table Japanese Non-Life Insurance - Paid Claims (JPY Trillion and US$ Billion), 2011-2015
        • Table Japanese Non-Life Insurance - Paid Claims (JPY Trillion and US$ Billion), 2015-2020
      • Profitability
        • Table Japanese Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Japanese Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Japanese Non-Life Insurance - Total Assets (JPY Trillion and US$ Billion), 2011-2015
        • Table Japanese Non-Life Insurance - Total Assets (JPY Trillion and US$ Billion), 2015-2020
        • Table Japanese Non-Life Insurance - Total Investment Income (JPY Billion and US$ Billion), 2011-2015
        • Table Japanese Non-Life Insurance - Total Investment Income (JPY Billion and US$ Billion), 2015-2020
        • Table Japanese Non-Life Insurance - Investment Portfolio (JPY Billion), 2011-2015
        • Table Japanese Non-Life Insurance - Investment Portfolio (JPY Billion), 2015-2020
  • Outlook by Category
    • Table Japanese Non-Life Insurance - Direct Written Premium by Category (JPY Trillion), 2011-2015
    • Table Japanese Non-Life Insurance - Direct Written Premium by Category (JPY Trillion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Japanese Property Insurance - Direct Written Premium by Sub-Category (JPY Billion), 2011-2015
        • Table Japanese Property Insurance - Direct Written Premium by Sub-Category (JPY Billion), 2015-2020
      • Claims
        • Table Japanese Property Insurance - Paid Claims (JPY Trillion and US$ Billion), 2011-2015
        • Table Japanese Property Insurance - Paid Claims (JPY Trillion and US$ Billion), 2015-2020
      • Profitability
        • Table Japanese Property Insurance - Loss Ratio (%), 2011-2015
        • Table Japanese Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Japanese Motor Insurance - Direct Written Premium by Sub-Category (JPY Trillion), 2011-2015
        • Table Japanese Motor Insurance - Direct Written Premium by Sub-Category (JPY Trillion), 2015-2020
      • Claims
        • Table Japanese Motor Insurance - Paid Claims (JPY Trillion and US$ Billion), 2011-2015
        • Table Japanese Motor Insurance - Paid Claims (JPY Trillion and US$ Billion), 2015-2020
      • Profitability
        • Table Japanese Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Japanese Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Japanese Liability Insurance - Direct Written Premium by Sub-Category (JPY Billion), 2011-2015
        • Table Japanese Liability Insurance - Direct Written Premium by Sub-Category (JPY Billion), 2015-2020
      • Claims
        • Table Japanese Liability Insurance - Paid Claims (JPY Billion and US$ Billion), 2011-2015
        • Table Japanese Liability Insurance - Paid Claims (JPY Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Japanese Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Japanese Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
      • Premium
        • Table Japanese Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (JPY Billion), 2011-2015
        • Table Japanese Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (JPY Billion), 2015-2020
      • Claims
        • Table Japanese Marine, Aviation and Transit Insurance - Paid Claims (JPY Billion and US$ Billion), 2011-2015
        • Table Japanese Marine, Aviation and Transit Insurance - Paid Claims (JPY Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Japanese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Japanese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Japanese Non-Life Insurance - Direct Written Premium by Distribution Channel (JPY Billion), 2011-2015
      • Table Japanese Non-Life Insurance - Direct Written Premium by Distribution Channel (JPY Billion), 2015-2020
      • Table Japanese Non-Life Insurance - Percentage of Direct Written Premium, by Distribution Channel, 2011-2020
      • Agencies
      • Direct marketing
      • Brokers
  • Natural and Man-made Hazards
    • Table Japanese Average Annual Loss by Hazard
    • Earthquake and Tsunamis
    • Volcanic Activity
    • Typhoons
    • Floods
    • Exposure
  • Competitive Landscape
    • Table Japanese Non-Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Sompo Japan Nipponkoa Insurance Inc. - company overview
        • Table Sompo Japan Nipponkoa Insurance Inc - Key Facts
        • Table Sompo Japan Nipponkoa Insurance Inc - Key Financials (JPY Billion), 2011-2015
      • Tokio Marine & Nichido Fire Insurance Co. Ltd - company overview
        • Table Tokio Marine & Nichido Fire Insurance Co. - Key Facts
        • Table Tokio Marine & Nichido Fire Insurance Co. - Key Financials (JPY Billion), 2011-2015
      • Mitsui Sumitomo Insurance Co. Ltd - company overview
        • Table Mitsui Sumitomo Insurance Co., Ltd - Key Facts
        • Table Mitsui Sumitomo Insurance Co. Ltd - Key Financials (JPY Billion), 2011-2015
      • Aioi Nissay Dowa Insurance Co. Ltd - company overview
        • Table Aioi Nissay Dowa Insurance Co. Ltd - Key Facts
        • Table Aioi Nissay Dowa Insurance Co., Ltd - Key Financials (JPY Billion), 2011-2015
      • The Fuji Fire and Marine Insurance Co. Ltd - company overview
        • Table The Fuji Fire and Marine Insurance Co., Ltd - Key Facts
        • Table The Fuji Fire and Marine Insurance Co., Ltd - Key Financials (JPY Billion), 2011-2015
  • Governance, Risk and Compliance
    • Table Japan - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Japan - Life Insurance Regulatory Framework
      • Property insurance
        • Table Japan - Property Insurance Regulatory Framework
        • Table Japan - Premium Rates for Earthquake Insurance
      • Motor insurance
        • Table Japan- Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Japan - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Automobile liability insurance
        • Table Japan - CALI Premium Rates for Different Types of Motor Vehicles (in JPY)
      • Workers' accident compensation insurance
      • Liability insurance for nuclear risks
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • Financial Services Agency
      • Local Finance Bureau of the Ministry of Finance
      • The General Insurance Association of Japan (GIAJ)
      • The Life Insurance Association of Japan (LIAJ)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Japan - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Japanese Insurance Industry - Policies and Premium, 2011-2015
      • Table Japanese Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Japanese Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Japanese Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Japanese Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Japanese Non-Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Japanese Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Japanese Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table Japanese Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Japanese Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Property Insurance
      • Table Japanese Non-Life Insurance - Property Insurance, 2011-2015
      • Table Japanese Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Japanese Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Japanese Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Japanese Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Japanese Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Japanese Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Japanese Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Japanese Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Japanese Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Japanese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Japanese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

Non-Life Insurance in Japan, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Japan, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Japanese non-life insurance segment, and a comparison of the Japanese insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Japanese economy and demographics, explains the various types of natural hazard and their impact on the Japanese insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in Japan, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Japanese non-life insurance segment, including:

  • The Japanese non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Japanese economy and demographics
  • A comparison of the Japanese non-life insurance segment with its regional counterparts
  • The various distribution channels in the Japanese non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Japanese insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Japan
  • Details of regulatory policy applicable to the Japanese insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Japan:
  • It provides historical values for the Japanese non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Japanese non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Japanese non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Japan.
  • It analyzes various natural hazards and their impact on the Japanese insurance industry
  • It profiles the top non-life insurance companies in Japan, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Japanese non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Japanese non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Japanese insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The Japanese non-life insurance segment was the third-largest in the world in 2015, in terms of direct written premium.
  • The segment accounted for 4.7% of the global non-life gross written premium. The segment’s gross written premium grew at a review-period (2011–2015) compound annual growth rate (CAGR) of 4.9%.
  • Motor insurance was the largest non-life category, accounting for 61.7% of the segment’s gross written premium in 2015.
  • Effective from October 2015, the increase in fire insurance premiums, at an average of 2–4%, will negatively affect the property insurance category over the forecast period.
  • Marine insurers are highly exposed to catastrophic risk, due to the increasing size of ships and increasing capacities of ports and storage facilities.
  • Workmen’s compensation insurance is compulsory for all organizations in Japan. It is being regulated and supervised by the Ministry of Health, Labour and Welfare under the social insurance system.


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