Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR71550

  • Latest News- Insurance Market in Japan: Life is expected to lead the Type segment during 2025-2029

    The Insurance Market in Japan is being driven by Growing geriatric population in Japan

    The Insurance Market in Japan is expected to grow at a CAGR of 3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 46.7 billion. In the Japanese insurance market, leading firms are leveraging IT and analytical solutions to optimize sales and gain a competitive edge. Advanced data analytics plays a pivotal role in this strategy, enabling effective marketing and underwriting services. By employing simulation and stochastic techniques, data analytics helps insurers improve product design, target customers more accurately, and forecast potential market scenarios. Business intelligence is a key focus area, with processes converting raw data into valuable marketing insights and information. Insurance brokers also utilize data analytic tools to obtain customer data and enhance their offerings, identifying hidden patterns and predicting future trends through complex models. 

    Get more information on Insurance Market in Japan by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Life
      • Non-life
    • Channel
      • Sales personnel
      • Insurance agencies
    • Sector
      • Public/government insurance companies
      • Private insurance companies
    • Geography
      • Japan

    According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

    • Growing geriatric population in Japan
    • Fear of natural disasters
    • High focus of short-term insurance

    However, the market also witnesses some limitations, which are as follows:

    • Vulnerability toward cybercrime
    • Low profitability for Insurers due to low interest rates
    • Stringent regulatory control

    Benefits of Buying Global Insurance Market in Japan Research Report by Technavio

    Rich Experience: 20+ years leading global market research, trusted insights across industries.

    Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

    Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

    Market Scope in Insurance Market in Japan Research Report

    Market Scope

    Report Coverage

    Details

    Page number

    159

    Base year

    2024

    Historic period

    2019-2023

    Forecast period

    2025-2029

    Growth momentum & CAGR

    Accelerate at a CAGR of 3%

    Market growth 2025-2029

    USD 46.7 billion

    Market structure

    market_structure.ucfirst

    YoY growth 2024-2025(%)

    2.8

    Key countries

    Japan

    Competitive landscape

    Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

    Request Free Sample

    Find out which segment is leading the market by accessing the free PDF report

    Research Analysis Overview

    In Japan, the Insurance industry encompasses Life and Non-life sectors. Life insurers offer policies covering death, disability, and retirement, while Non-life insurers deal with General, Standalone Health, Specialized, and Travel insurance. Third-party administrators facilitate policy administration. Foreign direct investment is welcome in both sectors. Policies include Dental emergency, Travel plans, and Medical expenses reimbursement. International travel insurance covers loss of passports, accident assistance, medical evacuation, and identity proof.

    Market Research Overview

    In the Japanese market, the specialized consumer services sector encompasses the revenue generated by providers offering services in areas such as life insurance and non-life insurance, third-party administrators, and various other consumer-focused industries. These sectors include residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. According to Technavio's market analysis, the global specialized consumer services market size is determined by the earnings of these specialized service providers. Exclusions from this market size calculation are industries such as casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


    Contacts

    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: media@technavio.com
    Website: www.technavio.com/

    Read News Read Less
    Interested in this report?
    Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.