Non Life Insurance Industry in Japan to 2017
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Non Life Insurance Industry in Japan to 2017

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Non Life Insurance Industry in Japan @ http://www.researchmoz.us/non-life-insurance-in-japan-key-trends-and-opportunities-to-2017-report.html

The segment is mature and concentrated with the four leading firms collectively accounting for 79.1% of the segment’s written premium in 2011. Despite weak economic development during the review period (2008–2012), the non-life segment achieved positive growth during the period at a compound annual growth rate (CAGR) of 1.0%.

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Non Life Insurance Industry in Japan to 2017 Non Life Insurance Industry in Japan to 2017 Document Transcript

  • Non-Life Insurance in Japan, Key Trends and Opportunities to 2017 Synopsis The report provides in depth market analysis, information and insights into the Japanese non-life insurance segment, including: The Japanese non-life insurance segment’s growth prospects by non-life insurance categories Key trends and drivers for the non-life insurance segment The various distribution channels in the Japanese non-life insurance segment Detailed competitive landscape in the non-life insurance segment in Japan Detailed regulatory framework of the Japanese insurance industry A description of the non-life reinsurance segment in Japan Porter's Five Forces Analysis of the non-life insurance segment Benchmarking section on the Japanese non-life insurance segment in comparison to other countries with overall GWP>$150 billion Executive summary By global standards, the size and importance of the Japanese non-life insurance segment is high: the segment’s gross written premium reached JPY7.2 trillion (US$89.8 billion) in 2012, equivalent to 6.6% of the global non-life premium, second only to the US. The segment is mature and concentrated with the four leading firms collectively accounting for 79.1% of the segment’s written premium in 2011. Despite weak economic development during the review period (2008–2012), the non-life segment achieved positive growth during the period at a compound annual growth rate (CAGR) of 1.0%. Subsidies provided by the Japanese government on eco-friendly automobiles encouraged growth, generating business for the third-party motor insurance sub-category. The liberalization of bancassurance and the occurrence of the earthquake in 2011 fuelled growth in the property and earthquake insurance categories. These factors, coupled with improving business and economic conditions, are expected to drive growth in the non-life segment over the forecast period. Scope This report provides a comprehensive analysis of the non-life insurance segment in Japan: It provides historical values for Japan’s non-life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period It offers a detailed analysis of the key sub-segments in Japan’s non-life insurance segment, along with market forecasts until 2017 It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions It analyses the various distribution channels for non-life insurance products in Japan Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Japan for the non-life insurance segment It provides a detailed analysis of the reinsurance segment in Japan and its growth prospects 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 within the Japanese non-life insurance segment Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment Identify the growth Non-Life Insurance in Japan, Key Trends and Opportunities to 2017
  • opportunities and market dynamics within key product categories Gain insights into key regulations governing the Japanese insurance industry and its impact on companies and the market's future Key highlights The Japanese non-life insurance segment's gross written premium reached JPY7.2 trillion (US$89.8 billion) in 2012, equivalent to 6.6% of the global non-life premium, second only to the US The introduction of subsidies by the government on eco-friendly vehicles encouraged growth in the segment, generating business for the third-party motor insurance sub-category During 2000–2010, the non-life segment recorded a decline in direct premiums by 14% The leading non-life insurance products sold in Japan were motor, fire, compulsory motor liability, and general liability insurance During the review period, the agencies channel underwent a period of consolidation as smaller companies were acquired by larger firms As of July 2012, there were 53 insurance providers licensed to conduct general insurance business in Japan, out of which 29 were domestic and 24 were foreign insurance providers. table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Regional Market Dynamics 3.1 Overview 3.1.1 Market Trends 3.1.2 Market Size 4 Non-life Insurance Segment – Regional Benchmarking 4.1 Scale And Penetration 4.1.1 Total Market Gross Written Premium 4.1.2 Premium Per Capita 4.1.3 Non-life Insurance Penetration (as A Percentage Of Gdp) 4.2 Growth 4.2.1 Gross Written Premium 4.2.2 Gross Written Premium Per Capita 4.3 Efficiency And Risk 4.3.1 Loss Ratio 4.3.2 Combined Ratio 4.3.3 Incurred Losses Per Capita Non-Life Insurance in Japan, Key Trends and Opportunities to 2017
  • 4.3.4 Incurred Losses As A Percentage Of Gdp 4.4 Distribution Channels 4.4.1 Direct Marketing 4.4.2 Bancassurance 4.4.3 Agencies 5 Japanese Insurance Industry Attractiveness 5.1 Insurance Industry Size, 2008–2017 5.2 Key Industry Trends And Drivers 6 Non-life Insurance Outlook 6.1 Non-life Insurance Growth Prospects By Category 6.1.1 Property Insurance 6.1.2 Fire And Allied Perils Insurance 6.1.3 Engineering Insurance 6.1.4 Agriculture Insurance 6.1.5 Other Property Insurance 6.2 Motor Insurance 6.2.1 Motor Hull Insurance 6.2.2 Motor Third-party Insurance 6.3 General Third-party Insurance 6.4 Marine, Aviation And Transit Insurance 6.4.1 Marine Insurance 6.4.2 Marine Hull Insurance 6.4.3 Marine Third-party Insurance 6.4.4 Aviation Insurance 6.4.5 Transit Insurance 7 Analysis By Distribution Channels 7.1 Direct Marketing 7.2 Bancassurance 7.3 Agencies 7.4 E-commerce 7.5 Brokers 8 Porter’s Five Forces Analysis – Japanese Non-life Insurance 8.1 Bargaining Power Of Suppliers: Low 8.2 Bargaining Power Of Buyers: Medium To High 8.3 Barriers To Entry: High Non-Life Insurance in Japan, Key Trends and Opportunities to 2017
  • 8.4 Intensity Of Rivalry: High 8.5 Threat Of Substitutes: Low 9 Reinsurance Growth Dynamics And Challenges 9.1 Reinsurance Segment Size, 2008–2017 9.2 Reinsurance Segment Size By Type Of Insurance, 2008–2017 10 Governance, Risk And Compliance 10.1 Legislation Overview And Historical Evolution 10.2 Legislation And Market Practice By Type Of Insurance 10.2.1 Life Insurance 10.2.2 Property Insurance 10.2.3 Motor Insurance 10.2.4 Marine, Aviation And Transit Insurance 10.2.5 Personal Accident And Health Insurance 10.3 Compulsory Insurance 10.3.1 Automobile Liability Insurance (cali) 10.3.2 Workers’ Accident Compensation Insurance 10.3.3 Liability Insurance For Nuclear Risks 10.4 Supervision And Control 10.4.1 International Association Of Insurance Supervisors 10.4.2 Financial Services Agency (fsa) 10.4.3 Local Finance Bureau Of The Ministry Of Finance (lfb) 10.5 Non-admitted Insurance Regulations 10.5.1 Overview 10.5.2 Intermediaries 10.5.3 Market Practices 10.5.4 Fines And Penalties 10.6 Company Registration And Operations 10.6.1 Types Of Insurance Organization 10.6.2 Establishing A Domestic Company 10.6.3 Foreign Ownership 10.6.4 Types Of License 10.6.5 Capital Requirements 10.6.6 Solvency Margins 10.6.7 Reserve Requirements 10.6.8 Investment Regulations 10.6.9 Statutory Return Requirements 10.6.10 Fee Structure 10.7 Taxation 10.7.1 Insurance Premium Or Policy Taxation Non-Life Insurance in Japan, Key Trends and Opportunities to 2017
  • 10.7.2 Withholding Taxes On Premium Paid Overseas 10.7.3 Corporate Tax 10.7.4 Vat 10.7.5 Captives 10.8 Legal System 10.8.1 Introduction 10.8.2 Access To Court 10.8.3 Alternative Dispute Resolution (adr) 11 Competitive Landscape And Strategic Insights 11.1 Overview 11.2 Leading Companies In The Japanese Non-life Insurance Segment 11.3 Comparison Of Top-five Insurers 11.3.1 Net Written Premium 11.3.2 Paid Claims 11.3.3 Total Investment Income 11.3.4 Total Assets 11.3.5 Incurred Loss 11.4 Tokio Marine & Nichido – Company Overview 11.4.1 Tokio Marine & Nichido – Key Facts 11.4.2 Tokio Marine & Nichido – Key Financials 11.5 Sompo Japan – Company Overview 11.5.1 Sompo Japan – Key Facts 11.5.2 Sompo Japan – Key Financials 11.6 Mitsui Sumitomo Insurance – Company Overview 11.6.1 Mitsui Sumitomo Insurance – Key Facts 11.6.2 Mitsui Sumitomo Insurance – Key Financials 11.7 Aioi Nissay Dowa Insurance Company – Company Overview 11.7.1 Aioi Nissay Dowa Insurance Company – Key Facts 11.7.2 Aioi Nissay Dowa Insurance Company – Key Financials 11.8 Nipponkoa Insurance – Company Overview 11.8.1 Nipponkoa Insurance – Key Facts 11.8.2 Nipponkoa Insurance – Key Financials 11.9 Fuji Fire And Marine Insurance Company – Company Overview 11.9.1 Fuji Fire And Marine Insurance Company – Key Facts 11.9.2 Fuji Fire And Marine Insurance Company – Key Financials 11.1 Kyoei Fire & Marine Insurance Co., Ltd. – Company Overview 11.10.1 Kyoei Fire & Marine Insurance Co., Ltd.– Key Facts 11.10.2 Kyoei Fire & Marine Insurance Co., Ltd.– Key Financials 11.11 Nisshin Fire & Marine Insurance Co., Ltd.– Company Overview 11.11.1 Nisshin Fire & Marine Insurance Co., Ltd. – Key Facts 11.11.2 Nisshin Fire & Marine Insurance Co., Ltd – Key Financials Non-Life Insurance in Japan, Key Trends and Opportunities to 2017
  • 11.12 The Toa Reinsurance Company Limited– Company Overview 11.12.1 The Toa Reinsurance Company Limited – Key Facts 11.12.2 The Toa Reinsurance Company, Limited – Key Financials 11.13 Japan Earthquake Reinsurance Co., Ltd.– Company Overview 11.13.1 Japan Earthquake Reinsurance Co., Ltd. – Key Facts 11.13.2 Japan Earthquake Reinsurance Co., Ltd. – Key Financials 12 Business Environment And Country Risk 12.1 Business Confidence 12.1.1 Market Capitalization Trend – Tokyo Stock Exchange, Japan 12.2 Economic Performance 12.2.1 Gdp At Constant Prices (us$) 12.2.2 Gdp Per Capita At Constant Prices (us$) 12.2.3 Gdp At Current Prices (us$) 12.2.4 Gdp Per Capita At Current Prices (us$) 12.2.5 Gdp By Key Segments 12.2.6 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices (us$) 12.2.7 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices As A Percentage Of Gdp 12.2.8 Manufacturing Net Output At Current Prices (us$) 12.2.9 Manufacturing Net Output At Current Prices As A Percentage Of Gdp 12.2.10 Mining, Manufacturing And Utilities At Current Prices (us$) 12.2.11 Mining, Manufacturing And Utilities At Current Prices, As A Percentage Of Gdp 12.2.12 Construction Net Output At Current Prices (us$) 12.2.13 Construction Net Output At Current Prices As A Percentage Of Gdp 12.2.14 Inflation Rate 12.2.15 Exports As A Percentage Of Gdp 12.2.16 Imports As A Percentage Of Gdp 12.2.17 Exports Growth 12.2.18 Imports Growth 12.2.19 Annual Average Exchange Rate Us$–jpy 12.3 Infrastructure 12.3.1 Commercial Vehicles Exports Total Value 12.3.2 Commercial Vehicles Import Value 12.3.3 Automotive Exports Total Value 12.3.4 Automotive Imports Total Value 12.3.5 Total Internet Subscribers 12.4 Labor Force 12.4.1 Labor Force 12.4.2 Unemployment Rate 12.5 Demographics 12.5.1 Gross National Disposable Income (us$) 12.5.2 Household Consumption Expenditure (us$) Non-Life Insurance in Japan, Key Trends and Opportunities to 2017
  • 12.5.3 Total Population 12.5.4 Urban And Rural Populations 12.5.5 Age Distribution Of The Total Population 13 Appendix 13.1 Methodology 13.2 Contact Timetric 13.3 About Timetric 13.4 Timetric’s Services 13.5 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Non-Life Insurance in Japan, Key Trends and Opportunities to 2017