Summary
Life Insurance in Japan industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The Japanese life insurance market had total gross written premiums of $317.0 billion in 2022, representing a compound annual growth rate (CAGR) of -0.8% between 2017 and 2022.
- The Life Insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $281.8 billion, equivalent to 88.9% of the market's overall value.
- The Pension/Annuity segment contributed gross written premiums of $35.2 billion in 2022, equating to 11.1% of the market's aggregate value.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Japan
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Japan
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Japan life insurance market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Japan life insurance market by value in 2022?
- What will be the size of the Japan life insurance market in 2027?
- What factors are affecting the strength of competition in the Japan life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in Japan's life insurance market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. Which leading players are currently facing challenges?
7.5. How has the COVID-19 outbreak impacted the market?
8 Company Profiles
8.1. Dai-ichi Life Holdings Inc
8.2. Japan Post Insurance Co Ltd
8.3. Nippon Life Insurance Company
8.4. Meiji Yasuda Life Insurance Co
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Japan life insurance market value: $ billion, 2017-22(e)
Table 2: Japan life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Japan life insurance market category segmentation: $ billion, 2017-2022
Table 4: Japan life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Japan life insurance market value forecast: $ billion, 2022-27
Table 6: Japan life insurance market share: % share, by value, 2022(e)
Table 7: Dai-ichi Life Holdings Inc: key facts
Table 8: Dai-ichi Life Holdings Inc: Annual Financial Ratios
Table 9: Dai-ichi Life Holdings Inc: Key Employees
Table 10: Dai-ichi Life Holdings Inc: Key Employees Continued
Table 11: Japan Post Insurance Co Ltd: key facts
Table 12: Japan Post Insurance Co Ltd: Annual Financial Ratios
Table 13: Japan Post Insurance Co Ltd: Key Employees
Table 14: Japan Post Insurance Co Ltd: Key Employees Continued
Table 15: Nippon Life Insurance Company: key facts
Table 16: Nippon Life Insurance Company: Key Employees
Table 17: Nippon Life Insurance Company: Key Employees Continued
Table 18: Meiji Yasuda Life Insurance Co: key facts
Table 19: Meiji Yasuda Life Insurance Co: Key Employees
Table 20: Meiji Yasuda Life Insurance Co: Key Employees Continued
Table 21: Japan size of population (million), 2018–22
Table 22: Japan gdp (constant 2005 prices, $ billion), 2018–22
Table 23: Japan gdp (current prices, $ billion), 2018–22
Table 24: Japan inflation, 2018–22
Table 25: Japan consumer price index (absolute), 2018–22
Table 26: Japan exchange rate, 2016–20
List of Figures
Figure 1: Japan life insurance market value: $ billion, 2017-22(e)
Figure 2: Japan life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Japan life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Japan life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in Japan, 2022
Figure 6: Drivers of buyer power in the life insurance market in Japan, 2022
Figure 7: Drivers of supplier power in the life insurance market in Japan, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Japan, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Japan, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Japan, 2022
Figure 11: Japan life insurance market share: % share, by value, 2022(e)
