1© This is a licensed product of Ken Research and should not be copied
2© This is a licensed product of Ken Research and should not be copiedTABLE OF CONTENTS1. Asia-Pacific Insurance Industry1...
3© This is a licensed product of Ken Research and should not be copied7.1.3. Market Share of Domestic and Foreign Insurers...
4© This is a licensed product of Ken Research and should not be copied7.5.4. Japan Miscellaneous Casualty Insurance Market...
5© This is a licensed product of Ken Research and should not be copied13.1.1. Company Overview13.1.2. Business Strategies1...
6© This is a licensed product of Ken Research and should not be copiedFinal Conclusion15.4. Disclaimer
7© This is a licensed product of Ken Research and should not be copiedLIST OF FIGURESFigure 1: Asia-Pacific Insurance Mark...
8© This is a licensed product of Ken Research and should not be copiedFigure 14: Japan Automobile Insurance Market Segment...
9© This is a licensed product of Ken Research and should not be copiedFigure 28: Japan Miscellaneous Casualty Insurance Ma...
10© This is a licensed product of Ken Research and should not be copiedLIST OF TABLESTable 1: Asia-Pacific Insurance Marke...
11© This is a licensed product of Ken Research and should not be copiedTable 14: Japan Miscellaneous Casualty Insurance Ma...
12© This is a licensed product of Ken Research and should not be copiedASIA-PACIFIC INSURANCE MARKET SIZE BY DIRECT WRITTE...
13© This is a licensed product of Ken Research and should not be copiedChina insurance industry is one ofthe predominant m...
14© This is a licensed product of Ken Research and should not be copiedJapan insurance industry is thesecond largest marke...
15© This is a licensed product of Ken Research and should not be copiedJapan insurance industry is thesecond largest marke...
16© This is a licensed product of Ken Research and should not be copiedunrealized capital gains which has inclined the val...
17© This is a licensed product of Ken Research and should not be copiedpremium is generated from whole life insurance poli...
18© This is a licensed product of Ken Research and should not be copiedTable: Japan life Insurance Market Segmentation by ...
19© This is a licensed product of Ken Research and should not be copiedFigure: Japan Non life Insurance Distribution Chann...
20© This is a licensed product of Ken Research and should not be copiedJAPAN AUTOMOBILE INSURANCE INDUSTRYMARKET SHARE OF ...
21© This is a licensed product of Ken Research and should not be copiedTable: Market Share of Domestic and Foreign Insurer...
22© This is a licensed product of Ken Research and should not be copiedJAPAN MARINE AND INLAND TRANSIT INSURANCEINDUSTRYMA...
23© This is a licensed product of Ken Research and should not be copiedTable: Japan Marine and Inland Transit Insurance Ma...
24© This is a licensed product of Ken Research and should not be copiedTable: Asia-Pacific Insurance Market Projections by...
25© This is a licensed product of Ken Research and should not be copiedJAPAN INSURANCE INDUSTRY FUTURE OUTLOOK ANDPROJECTI...
26© This is a licensed product of Ken Research and should not be copiedCAUSE AND EFFECT RELATIONSHIP BETWEEN DEPENDENT AND...
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Japan Insurance Market Largely Driven By Ageing Population: Ken Research

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According to the research report “Japan Insurance Market Outlook to 2016 - Growing Importance of Annuity Insurance with Ageing Population” by Ken Research, the direct written premium of insurance in Japan is projected to rise at a CAGR of 9.6% in the next four years with the entrance of more foreign players in the country.

The insurance market in Japan can be classified on the basis of life and non-life insurance. The life insurance is a contract between life insurer and the policyholder in which an insurer is bound to pay a defined sum of money upon the death of the insured person within a certain specified time period or on the maturity of life insurance policy. The non life insurance is also known as general insurance is used to provide coverage for business and individual from the financial loss resulting from certain events such as natural disaster, accident, fire, burglary, diseases and others.

For more information on the industry research report please refer to the below mentioned link:

http://www.kenresearch.com/banking-financial-services--insurance-bfsi-/insurance/364-93/Japan-Insurance-Market-Outlook-to-2016.html

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Japan Insurance Market Largely Driven By Ageing Population: Ken Research

  1. 1. 1© This is a licensed product of Ken Research and should not be copied
  2. 2. 2© This is a licensed product of Ken Research and should not be copiedTABLE OF CONTENTS1. Asia-Pacific Insurance Industry1.1. Industry Introduction1.2. Asia-Pacific Insurance Market Size by Direct Written Premium, 2005-2012P1.3. Asia-Pacific Insurance Market Segmentation1.3.1. By Geography, 2005-2012P1.3.2. By Life and Non Life, 2005-2012P2. Japan Insurance Industry2.1. Japan Insurance Market Size by Direct Written Premium, FY’2005-FY’20123. Japan Insurance Government Regulations4. Japan Insurance Industry Value Chain5. Japan Life Insurance Market5.1. Japan Life Insurance Market Size, FY’2005-FY’20125.2. Life Insurance Segmentation, FY’2005-FY’20125.3. Market Share of Major Life Insurers in Japan, FY’20125.4. Japan Life Insurance Market Future Outlook and Projection, FY’ 2013-FY’20166. Japan Non-Life Insurance Market6.1. Japan Non-Life Insurance Market Size, FY’2005-FY’20126.2. Japan Non Life Distribution Channel, FY’2010-FY’20127. Non-Life Insurance Segmentation, FY’2005-FY’20127.1. Japan Automobile Insurance Industry7.1.1. Japan Automobile Insurance Market Size, FY’2005-FY’20127.1.2. Automobile Insurance Segmentation, FY’2005-FY’2012
  3. 3. 3© This is a licensed product of Ken Research and should not be copied7.1.3. Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry inJapan, FY’20127.1.4. Japan Automobile Insurance Market Future Outlook and Projection, FY’2013-FY’20167.2. Japan Fire Insurance Industry7.2.1. Japan Fire Insurance Market Size and Introduction, FY’2005-FY’20127.3.1. Market Share of Domestic and Foreign Insurers in Fire Insurance Industry in Japan,FY’20127.3.2. Japan Fire Insurance Market Future Outlook and Projection, FY’2013-FY’20167.3. Japan Personal Accident Insurance Industry7.3.1. Japan Personal Accident Insurance Market Size and Introduction, FY’2005-FY’20127.3.2. Market Share of Domestic and Foreign Insurers in Personal Accident Insurance Industryin Japan, FY’20127.3.3. Japan Personal Accident Insurance Market Future Outlook and Projection, FY’2013-FY’20167.4. Japan Marine and Inland Transit Insurance Industry7.4.1. Japan Marine and Inland Transit Insurance Market Size and Introduction, FY’2005-FY’20127.4.2. Marine and Inland Transit Insurance Segmentation, FY’2005-FY’20127.4.3. Market Share of Domestic and Foreign Insurers in Marine and Inland Transit InsuranceIndustry in Japan, FY’20127.4.4. Japan Marine and Inland Transit Insurance Market Future Outlook and Projection,FY’2013-FY’20167.5. Japan Miscellaneous Casualty Insurance Industry7.5.1. Japan Miscellaneous Casualty Insurance Market Size and Introduction, FY’2005-FY’20127.5.2. Miscellaneous Casualty Insurance Segmentation, FY’2005-FY’20127.5.3. Market Share of Domestic and Foreign Insuerers in Miscellaneous Casualty InsuranceIndustry in Japan, FY’2012
  4. 4. 4© This is a licensed product of Ken Research and should not be copied7.5.4. Japan Miscellaneous Casualty Insurance Market Future Outlook and Projection,FY’2013-FY’20168. Japan Non-Life Insurance Market Future Outlook and Projection, FY’2013-FY’20169. Japan Insurance Industry Trends and Developments10. Asia-Pacific Insurance Industry Future Outlook10.1. Asia-Pacific Insurance Industry Future Projections10.1.1. By Geography, 2013-201611. Japan Insurance Industry Future Outlook and Projections, FY’2013-FY’201611.1. Cause and Effect Relationship Between Dependent and Independent Factors Prevailing inJapan Insurance Market12. Company Profile of Major Players in Japan Life Insurance Industry12.1. Japan Post Insurance12.1.1. Company Profile12.1.2. Business Strategies12.1.3. Financial Performance12.2. Nippon Life Insurance12.2.1. Company Overview12.2.2. Business Strategies12.2.3. Financial Performance12.3. Meiji Yasuda Life Insurance12.3.1. Company Overview12.3.2. Business Strategies12.3.3. Financial Performance13. Company Profile of Major Players in Japan Non-Life Insurance Industry13.1. MS&AD Insurance
  5. 5. 5© This is a licensed product of Ken Research and should not be copied13.1.1. Company Overview13.1.2. Business Strategies13.1.3. Financial Performance13.2. NKSJ Holdings13.2.1. Company Overview13.2.2. Business Strategies13.2.3. Financial Performance13.3. Tokio Marine and Nichido Fire13.3.1. Company Overview13.3.2. Business Strategies13.3.3. Financial Performance14. Japan Insurance Industry Macro-Economic Indicators: Historical and Projections14.1. Japan Population, 2005-201614.2. GDP of Japan, 2005-201614.3. Healthcare Expenditure of Japan, 2005-201614.4. Total Vehicle in Use in Japan, 2005-201615. Appendix15.1. Market Definitions15.2. Abbreviations15.3. Research MethodologyData Collection MethodsApproachVariables (Dependent and Independent)Multi Factor Based Sensitivity Model
  6. 6. 6© This is a licensed product of Ken Research and should not be copiedFinal Conclusion15.4. Disclaimer
  7. 7. 7© This is a licensed product of Ken Research and should not be copiedLIST OF FIGURESFigure 1: Asia-Pacific Insurance Market Size on the Basis of Direct Written Premium in USDMillion, 2005-2012PFigure 2: Asia-Pacific Insurance Market Segmentation by Life and non Life on the Basis ofDirect Written Premium in Percentage, 2005-2012PFigure 3: Japan Insurance Market Size on the Basis of Direct Written Premium in USD Million,FY’2005-FY’2012Figure 4: Insurance Value ChainFigure 5: Japan Life Insurance Market Size on the Basis of Direct Written Premium in USDMillion, FY’2005-FY’2012Figure 6: Japan life Insurance Market Segmentation by Individual Insurance and Annuities,Group Insurance and Annuities and Others on the Basis of Direct Written Premium inPercentage, FY’2005-FY’2012Figure 7: Market Share of Major Life Insurers on the Basis of Direct Written Premium inPercentage, FY’2012Figure 8: Japan Life Insurance Market Projections on the Basis of Direct Written Premium inUSD Million, FY’2013-FY’2016Figure 9: Japan Non Life Insurance Market Size on the Basis of Direct Written Premium in USDMillion, FY’2005-FY’2012Figure 10: Japan Non life Insurance Distribution Channel by Agents, Direct Sales and Broker onthe Basis of Direct Written Premium in Percentage, FY’2010-FY’2012Figure 11: Japan Non life Insurance Market Segmentation by Automobile, Fire, PersonalAccident, Miscellaneous Casualty, Marine and Inland Transit on the Basis of Direct WrittenPremium in Percentage, 2005-2012Figure 12: Japan Automobile Insurance Market Size on the Basis of Direct Written Premium inUSD Million, FY’2005-FY’2012Figure 13: Japan Automobile Insurance Market Size on the Basis of Net Written Premium inUSD Million, FY’2005-FY’2012
  8. 8. 8© This is a licensed product of Ken Research and should not be copiedFigure 14: Japan Automobile Insurance Market Segmentation by Voluntary Automobile, andCompulsory Automobile Liability on the Basis of Direct Written Premium in Percentage, 2005-2012Figure 15: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry onthe Basis owithDirect Written Premium in Percentage, FY’2012Figure 16: Japan Fire Insurance Market Size on the Basis of Direct Written Premium in USDMillion, FY’2005-FY’2012Figure 17: Japan Fire Insurance Market Size on the Basis of Net Written Premium in USDMillion, 2005-2012Figure 18: Market Share of Domestic and Foreign Insurers in Fire Insurance Industry on theBasis of Direct Written Premium in Percentage, FY’2012Figure 19: Japan Fire Insurance Market Projections on the Basis of Direct Written Premium inUSD Million, FY’2013-FY’2016Figure 20: Japan Personal Accident Insurance Market Size on the Basis of Direct WrittenPremium in USD Million, FY’2005-FY’2012Figure 21: Japan Personal Accident Insurance Market Size on the Basis of Net Written Premiumin USD Million, FY’2005-FY’2012Figure 22: Market Share of Domestic and Foreign Insurers in Personal Accident InsuranceIndustry on the Basis of Direct Written Premium in Percentage, FY’2012Figure 23: Japan Personal Accident Insurance Market Projections on the Basis of Direct WrittenPremium in USD Million, FY’2013-FY’2016Figure 24: Japan Marine and Inland Transit Insurance Market Size on the Basis of Direct WrittenPremium in USD Million, FY’2005-FY’2012Figure 25: Japan Marine and Inland Transit Insurance Market Size on the Basis of Net WrittenPremium in USD Million, FY’2005-FY’2012Figure 26: Japan Marine and Inland Transit Insurance Market Segmentation by Marine Cargoand Hull and Inland Transit Insurance on the Basis of Direct Written Premium in Percentage,FY’2005-FY’2012Figure 27: Market Share of Domestic and Foreign Insurers in Marine and Inland TransitInsurance Industry on the Basis of Direct Written Premium in Percentage, FY’2012
  9. 9. 9© This is a licensed product of Ken Research and should not be copiedFigure 28: Japan Miscellaneous Casualty Insurance Market Size on the Basis of Direct WrittenPremium in USD Million, FY’2005-FY’2012Figure 29: Japan Miscellaneous Casualty Insurance Market Size on the Basis of Net WrittenPremium in USD Million, FY’2005-FY’2012Figure 30: Market Share of Domestic and Foreign Insurers in Miscellaneous Casualty InsuranceIndustry on the Basis of Direct Written Premium in Percentage, FY’201Figure 31: Japan Miscellaneous Casualty Insurance Market Projections on the Basis of DirectWritten Premium in USD Million, FY’2013-FY’2016Figure 32: Japan Non life Insurance Market Projections on the Basis of Direct Written Premiumin USD Million, FY’2013-FY’2016Figure 33: Japan Insurance Market Projections on the Basis of Direct Written Premium in USDMillion, 2013-2016Figure 34: Japan Life Insurance Premium Income of Japan Post Insurance in USD Million,FY’2008-FY’2012Figure 35: Japan Life Insurance Premium Income of Nippon Life Insurance in USD Million,FY’2005-FY’2012Figure 36: Japan Life Insurance Premium Income of Meiji Yasuda Life Insurance in USDMillion, FY’2005-FY’2012Figure 37: Japan Life Insurance Net Premium Written of MS&AD Insurance in USD Million,FY’2008-FY’2012Figure 38: Japan Life Insurance Net Written Premium of NSJK Holdings Insurance in USDMillion, FY’2010-FY’2012Figure 39: Japan Non-Life Insurance Net Written Premium of Tokio Marine and Nichido FireInsurance in USD Million, FY’2005-FY’2012Figure 40: Japan Population in Million, 2005-s2016Figure 41: GDP of Japan in USD Million, 2005-2016Figure 42: Healthcare Expenditure of Japan in USD Million, 2005-2016Figure 43: Total Vehicle in Use in Japan in Million, 2005-2016
  10. 10. 10© This is a licensed product of Ken Research and should not be copiedLIST OF TABLESTable 1: Asia-Pacific Insurance Market Segmentation by Countries on the Basis of DirectWritten Premium in USD Billion, 2005-2012PTable 2: Asia-Pacific Insurance Market Segmentation by Life and Non Life on the Basis ofDirect Written Premium in USD Billion, 2005-2012PTable 3: Japan life Insurance Market Segmentation by Individual Insurance and Annuities,Group Insurance and Annuities and Others on the Basis of Direct Written Premium in USDMillion, FY’2005-FY’2012Table 4: Market Share of Major Life Insurers on the Basis of Direct Written Premium in USDMillion, FY’2012Table 5: Japan Non life Insurance Market Segmentation by Agents, Direct Sales and Broker onthe Basis of Direct Written Premium in USD Million, FY’2010-FY’2012Table 6: Japan Automobile Insurance Market Segmentation by Voluntary Automobile, andCompulsory Automobile Liability on the Basis of Direct Written Premium in USD Million,FY’2005-FY’2012Table 7: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry onthe Basis of Direct Written Premium in USD Million, FY’2012Table 8: Japan Automobile Insurance Market Projections on the Basis of Direct WrittenPremium in USD Million, 2013-2016Table 9: Market Share of Domestic and Foreign Insurers in Fire Insurance Industry on the Basisof Direct Written Premium in USD Million, FY’2012Table 10: Market Share of Domestic and Foreign Insurers in Personal Accident InsuranceIndustry on the Basis of Direct Written Premium in USD Million, FY’2012Table 11: Japan Marine and Inland Transit Insurance Market Segmentation by Marine Cargo andHull and Inland Transit Insurance on the Basis of Direct Written Premium in USD Million,FY’2005-FY’2012Table 12: Market Share of Domestic and Foreign Insurers in Marine and Inland TransitInsurance Industry on the Basis of Direct Written Premium in USD Million, FY’2012Table 13: Japan Marine and Inland Transit Insurance Market Projections on the Basis of DirectWritten Premium in USD Million, FY’2013-FY’2016
  11. 11. 11© This is a licensed product of Ken Research and should not be copiedTable 14: Japan Miscellaneous Casualty Insurance Market Segmentation on the Basis of DirectWritten Premium in Percentage, FY’2005-FY’2012Table 15: Japan Miscellaneous Casualty Insurance Market Segmentation on the Basis of DirectWritten Premium in USD Million, FY’2005-FY’2012Table 16: Market Share of Domestic and Foreign Insurers in Miscellaneous Casualty InsuranceIndustry on the Basis of Direct Written Premium in USD Million, FY’2012Table 17: Asia-Pacific Insurance Market Projections by Countries on the Basis of Direct WrittenPremium in USD Million, 2013-2016Table 18: Cause and Effect Relationship Analysis between Industry Factors and ExpectedIndustry Prospects of Japan Insurance MarketTable 19: Correlation Matrix of the Japan Insurance IndustryTable 20: Regression Coefficients Output of Japan Insurance Industry
  12. 12. 12© This is a licensed product of Ken Research and should not be copiedASIA-PACIFIC INSURANCE MARKET SIZE BY DIRECT WRITTENPREMIUM, 2005-2012PThe insurance market in Asia-Pacific region has grown remarkably over the past few years dueto the growth in the emerging market such as China, Japan, India, Australia, Taiwan and SouthKorea. The countries in the Asia-Pacific region are at different stages of economic developmentunlike the European countries and the US which has created significant opportunities for theinsurers in the region in order to serve the financial needs of the customers. The market in theregion has grown at a CAGR of 11.9% from USD ~ million in 2005 to USD ~million in 2012…Figure: Asia-Pacific Insurance Market Size on the Basis of Direct Written Premium inUSD Million, 2005-2012P0.02,00,000.04,00,000.06,00,000.08,00,000.010,00,000.012,00,000.014,00,000.016,00,000.02005 2006 2007 2008 2009 2010 2011 2012PUSDMillion
  13. 13. 13© This is a licensed product of Ken Research and should not be copiedChina insurance industry is one ofthe predominant markets in theinsurance industry in the Asia-Pacific region with a contributionof ~% of the direct writtenpremium in the region in 2012.ASIA-PACIFIC INSURANCE MARKET SEGMENTATIONBY GEOGRAPHY, 2005-2012PAsia-Pacific insurance industry is majorly contributed by 6 major countries such as Japan, China,South Korea, Taiwan, India and Australia with the share of ~% in 2012. Japan insurance marketis the second largest in the world with the contribution ofmore than ~% in 2012…. China insurance industry is oneof the predominant markets in the insurance industry in theAsia-Pacific region with a contribution of ~% of the directwritten premium in the region in 2012…South Korea is the third largest market with a contributionof ~% in 2012. The country insurance sector is morecomplicated with limited growth opportunities in comparison with the growing market in theregion such as China and India…Table: Asia-Pacific Insurance Market Segmentation by Countries on the Basis of DirectWritten Premium in USD Billion, 2005-2012PCountries 2005 2006 2007 2008 2009 2010 2011 2012PJapanChinaSouthKoreaTaiwanIndiaAustraliaHongKongSingaporeThailandMalaysiaIndonesia
  14. 14. 14© This is a licensed product of Ken Research and should not be copiedJapan insurance industry is thesecond largest market in the worldafter the US and has experienceda direct written premium of USD ~million in FY’2012NewZealandPhilippinesVietnamPakistanKazakhstanBangladeshSri LankaTotalJAPAN INSURANCE INDUSTRYJAPAN INSURANCE MARKET SIZE BY DIRECT WRITTEN PREMIUM,FY’2005-FY’2012Japan insurance industry is the second largest market in the world after the US. The country’sinsurance market has increased at a CAGR of 10.4% from FY’2005-FY’2012 with the directwritten premium of USD ~ million in FY’2012 incomparison to USD ~ million in FY’2005… Theinsurance companies in Japan has experienced anincrease of 2% in assets to JPY ~ million in FY’2012 incomparison to JPY ~ million in FY’2011 due to surge inunrealized capital gains which has inclined the value of investment assets.…In FY’2011, the country insurance market comprised of only ~ life insurance companies incomparison to ~ life insurers in the US. The non life insurance industry of the country consistedof ~ domestic players and ~ foreign insurers offering their products in FY’2011…
  15. 15. 15© This is a licensed product of Ken Research and should not be copiedJapan insurance industry is thesecond largest market in the worldafter the US and has experienceda direct written premium of USD ~million in FY’2012Figure: Japan Insurance Market Size on the Basis of Direct Written Premium in USDMillion, FY’2005-FY’2012Note:FY ending- 31stMarchLife Insurance is in Premium IncomeNon-Life Insurance is in Direct Written PremiumJAPAN INSURANCE INDUSTRYJAPAN INSURANCE MARKET SIZE BY DIRECT WRITTENPREMIUM, FY’2005-FY’2012Japan insurance industry is the second largest market in the world after the US. The country’sinsurance market has increased at a CAGR of 10.4% from FY’2005-FY’2012 with the directwritten premium of USD ~ million in FY’2012 incomparison to USD ~ million in FY’2005… Theinsurance companies in Japan has experienced anincrease of 2% in assets to JPY ~ million in FY’2012 incomparison to JPY ~ million in FY’2011 due to surge in0.01,00,000.02,00,000.03,00,000.04,00,000.05,00,000.06,00,000.07,00,000.0FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012USDMillion
  16. 16. 16© This is a licensed product of Ken Research and should not be copiedunrealized capital gains which has inclined the value of investment assets.…In FY’2011, the country insurance market comprised of only ~ life insurance companies incomparison to ~ life insurers in the US. The non life insurance industry of the country consistedof ~ domestic players and ~ foreign insurers offering their products in FY’2011…Figure: Japan Insurance Market Size on the Basis of Direct Written Premium in USDMillion, FY’2005-FY’2012Note:FY ending- 31stMarchLife Insurance is in Premium IncomeNon-Life Insurance is in Direct Written PremiumJAPAN LIFE INSURANCE MARKETLIFE INSURANCE SEGMENTATION, FY’2005-FY’2012Japan insurance market has been dominated by individual insurance with the contribution of ~%in FY’2012. The individual insurance market has witnessed an increase of ~% from USD ~million in FY’2011 to USD ~ million in FY’2012…. In FY’2011, ~% of the direct written0.01,00,000.02,00,000.03,00,000.04,00,000.05,00,000.06,00,000.07,00,000.0FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012USDMillion
  17. 17. 17© This is a licensed product of Ken Research and should not be copiedpremium is generated from whole life insurance policy, ~% is contributed from endowment lifeinsurance plan, ~% is produced from cancer insurance, ~% from term insurance plan, ~% fromjuvenile insurance and rest is contributed from other type of insurance.Individual annuity is the second largest market with the contribution of ~% in FY’2012. Themarket has experienced a decline from USD ~ million in FY’2011 to USD ~ million in FY’2012on account of sales restrictions on variable individual annuities by some life insurers of thecountry….Group insurance contributed around ~% in FY’2012 with the direct written premium of USD ~million in FY’2012. The number of contracts in group insurance business in force has decreasedfrom ~ million units in FY’2005 to ~ million units in FY’2011 due to the switched fromtraditional group term insurance to general welfare group term insurance plan.Figure: Japan life Insurance Market Segmentation by Individual Insurance and Annuities,Group Insurance and Annuities and Others on the Basis of Direct Written Premium inPercentage, FY’2005-FY’2012Note: FY ending- 31stMarch; Life Insurance is in Premium Income0.00.20.40.60.81.01.2FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012InPercentageOthers Group Insurance Group Annuities Individual Annuities Individual Insurance
  18. 18. 18© This is a licensed product of Ken Research and should not be copiedTable: Japan life Insurance Market Segmentation by Individual Insurance and Annuities,Group Insurance and Annuities and Others on the Basis of Direct Written Premium inUSD Million, FY’2005-FY’2012Segments FY’2005 FY’2006 FY’2007 FY’2008 FY’2009 FY’2010 FY’2011 FY’2012IndividualInsuranceIndividualAnnuitiesGroupAnnuitiesGroupInsuranceOthersTotalNote: FY ending- 31stMarch;Life Insurance is in Premium IncomeJAPAN NON-LIFE INSURANCE MARKETJAPAN NON LIFE DISTRIBUTION CHANNEL, FY’2010-FY’2012…The agents are the main channel in non life insurance distribution in Japan with thecontribution of ~% in FY2012... In FY’2012 there are ~ agents are employed out of which ~agents are full time and rest ~ agents are part time.The direct sales stand second in the list of the distribution channel with the share of ~% andnumber of sales staff are ~ in FY’2012… The broker segment in Japan non life insurancedistribution channel contributes a marginal share of ~% in FY’2012…
  19. 19. 19© This is a licensed product of Ken Research and should not be copiedFigure: Japan Non life Insurance Distribution Channel by Agents, Direct Sales and Brokeron the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012Note: FY ending- 31stMarchTable: Japan Non life Insurance Market Segmentation by Agents, Direct Sales and Brokeron the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012Channel FY’2010 FY’2011 FY’2012AgentsDirect SalesBrokerTotalNote: FY ending- 31stMarch88.0%90.0%92.0%94.0%96.0%98.0%100.0%FY2010 FY2011 FY2012InPercentage%Broker Direct Sales Agents
  20. 20. 20© This is a licensed product of Ken Research and should not be copiedJAPAN AUTOMOBILE INSURANCE INDUSTRYMARKET SHARE OF DOMESTIC AND FOREIGN INSURERS INAUTOMOBILE INSURANCE INDUSTRY IN JAPAN, FY’2012The automobile insurance industry in Japan is dominated by domestic insurers with the share of~% and the direct written premium of USD ~ million in FY’2012. The major automobiledomestic insurance companies in the country are ACE insurance, Aioi Nissay Dowa Insurance,AXA general insurance, E design insurance, Mitsui Direct general insurance company,Nipponkoa Insurance, SAISON Automobile and Fire Insurance, SBI insurance, Secom generalinsurance, Sony Assurance, Tokio Marine and Nichido fire and others…Figure: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industryon the Basis of Direct Written Premium in Percentage, FY’2012Note: FY ending- 31stMarchDomesticForeign
  21. 21. 21© This is a licensed product of Ken Research and should not be copiedTable: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industryon the Basis of Direct Written Premium in USD Million, FY’2012Players FY’2012Domestic InsurersForeign InsurersTotalNote: FY ending- 31stMarchJAPAN PERSONAL ACCIDENT INSURANCE INDUSTRYJAPAN PERSONAL ACCIDENT INSURANCE MARKET FUTUREOUTLOOK AND PROJECTION, FY’2013-FY’2016…In FY’2013, the direct written premium of personal accident insurance industry is expected toincrease to USD ~ million which is up by approximately ~% from FY’2012. This is due to anoccurrence of tsunami and earthquake in 2011 which has resulted into loss of around ~ lives inthe country. The occurrence of natural calamities in the country has encouraged the people tosecure their lives from unseen natural events.Figure: Japan Personal Accident Insurance Market Projections on the Basis of DirectWritten Premium in USD Million, FY’2013-FY’2016Note: FY ending- 31stMarch13,000.013,200.013,400.013,600.013,800.014,000.014,200.014,400.014,600.0FY2013 FY2014 FY2015 FY2016USDMillion
  22. 22. 22© This is a licensed product of Ken Research and should not be copiedJAPAN MARINE AND INLAND TRANSIT INSURANCEINDUSTRYMARINE AND INLAND TRANSIT INSURANCE SEGMENTATION,FY’2005-FY’2012…The marine cargo insurance segment is the largest contributor in marine and inland transitinsurance industry with the share of ~% and a direct written premium of USD ~ million inFY’2012.The marine hull insurance segment is the second largest market in Japan marine and inlandtransit industry contributing around ~% in FY’2012. The marine hull insurance policy covers thedamage of the ship and its equipments such as furniture, machinery, tools, fuel and others. Thistype of insurance is generally taken by the owner of the ship. In FY’2012, the inland transitsegment has contributed around ~% and a direct written premium of USD ~ million.Figure: Japan Marine and Inland Transit Insurance Market Segmentation by MarineCargo and Hull and Inland Transit Insurance on the Basis of Direct Written Premium inPercentage, FY’2005-FY’2012Note: FY ending- 31stMarch0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%100.0%FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012InPercentage%InlandTransit Marine Hull Marine Cargo
  23. 23. 23© This is a licensed product of Ken Research and should not be copiedTable: Japan Marine and Inland Transit Insurance Market Segmentation by MarineCargo and Hull and Inland Transit Insurance on the Basis of Direct Written Premium inUSD Million, FY’2005-FY’2012Segments FY’2005 FY’2006 FY’2007 FY’2008 FY’2009 FY’2010 FY’2011 FY’2012MarineCargoMarineHullInlandTransitTotalNote: FY ending- 31stMarchASIA-PACIFIC INSURANCE INDUSTRY FUTUREOUTLOOK….Overall, the market of the Asia-Pacific insurance is expected to grow at a CAGR of ~% from2013-2016. The market in the near future is expected to witness consolidation and highercompetition level with the entrance of more global players in the market…ASIA-PACIFIC INSURANCE INDUSTRY FUTURE PROJECTIONSBY GEOGRAPHY, 2013-2016The Asia-Pacific Insurance industry is expected to grow at a CAGR of 11.2% from 2013-2016on account of rising population in the emerging market of Asia such as India and China. It isanticipated that the total direct written premium of the insurance products will increase to USD ~million in 2016 from USD ~ million in 2012…
  24. 24. 24© This is a licensed product of Ken Research and should not be copiedTable: Asia-Pacific Insurance Market Projections by Countries on the Basis of DirectWritten Premium in USD Million, 2013-2016Countries 2013 2014 2015 2016JapanChinaSouth KoreaTaiwanIndiaAustraliaHong KongSingaporeThailandMalaysiaIndonesiaNew ZealandPhilippinesVietnamPakistanKazakhstanBangladeshSri LankaTotal
  25. 25. 25© This is a licensed product of Ken Research and should not be copiedJAPAN INSURANCE INDUSTRY FUTURE OUTLOOK ANDPROJECTIONS, FY’2013-FY’2016…The worst case scenario assumes ….The direct written premium of Japan insurance industry isexpected to be USD ~ million in FY’2013 and will reach USD ~ million in FY’2016.The best case scenario anticipates…. The market is expected to grow at a CAGR of 11.5% in thenext years and is projected to record direct written premium of USD ~ million in FY’2016.Figure 1: Japan Insurance Market Projections on the Basis of Direct Written Premium inUSD Million, 2013-2016Note: FY ending- 31stMarch0.02,00,000.04,00,000.06,00,000.08,00,000.010,00,000.012,00,000.0FY2013 FY2014 FY2015 FY2016Worst Case Base Case Best Case
  26. 26. 26© This is a licensed product of Ken Research and should not be copiedCAUSE AND EFFECT RELATIONSHIP BETWEEN DEPENDENT ANDINDEPENDENT FACTORS PREVAILING IN JAPAN INSURANCEMARKETTable: Cause and Effect Relationship Analysis between Industry Factors and ExpectedIndustry Prospects of Japan Insurance MarketIndustry Factors Market Impact CommentsStrict GovernmentRegulations andSupport Cause: Positive Effect:AgeingPopulation  Cause: Effect:IncreasingConsumerSpending Cause: Effect:Increasing numberof catastropheevents Cause: Positive Effect: Negative Effect:DISCLAIMERNo part of this manual or any material appearing may be reproduced, stored in or transmittedon any other Web site without written permission of Ken Research and any payments of aspecified fee. Requests to republish any material may be sent to us.

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