Japan Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-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 non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Japanese non-life insurance market had total gross written premiums of $114.0 million in 2022, representing a compound annual growth rate (CAGR) of -0.4% between 2017 and 2022.
- The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $51.4 million, equivalent to 45.1% of the market's overall value.
- Growth in the Japanese non-life insurance market was sluggish and volatile in the historic period 2017-22. The performance of the market is forecast to accelerate, with an anticipated CAGR of 6.3% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $154.5million by the end of 2027.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Japan
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Japan
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Japan non-life insurance market with five year forecasts by both value and volume
- What was the size of the Japan non-life insurance market by value in 2022?
- What will be the size of the Japan non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Japan non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in Japan's non-life insurance market?
- 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. How are leading players incorporating new technology into their business strategies?
- 7.5. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. MS&AD Insurance Group Holdings, Inc.
- 8.2. Sompo Holdings Inc
- 8.3. Tokio Marine Holdings Inc
- 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 non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Japan non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Japan non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Japan non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Japan non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Japan non-life insurance market share: % share, by value, 2022(e)
- Table 7: MS&AD Insurance Group Holdings, Inc.: key facts
- Table 8: MS&AD Insurance Group Holdings, Inc.: Annual Financial Ratios
- Table 9: MS&AD Insurance Group Holdings, Inc.: Key Employees
- Table 10: MS&AD Insurance Group Holdings, Inc.: Key Employees Continued
- Table 11: Sompo Holdings Inc: key facts
- Table 12: Sompo Holdings Inc: Annual Financial Ratios
- Table 13: Sompo Holdings Inc: Key Employees
- Table 14: Sompo Holdings Inc: Key Employees Continued
- Table 15: Sompo Holdings Inc: Key Employees Continued
- Table 16: Tokio Marine Holdings Inc: key facts
- Table 17: Tokio Marine Holdings Inc: Annual Financial Ratios
- Table 18: Tokio Marine Holdings Inc: Key Employees
- Table 19: Tokio Marine Holdings Inc: Key Employees Continued
- Table 20: Tokio Marine Holdings Inc: 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, 2017–21
- List of Figures
- Figure 1: Japan non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Japan non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Japan non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Japan non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Japan, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Japan, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Japan, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Japan, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Japan, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Japan, 2022
- Figure 11: Japan non-life insurance market share: % share, by value, 2022(e)
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