Size of the life insurance market in Japan FY 2012-2021

Published by Statista Research Department, Nov 7, 2024
In the fiscal year 2021, the life insurance market in Japan has reached about 32.2 trillion Japanese yen. The life insurance market, comprised of private insurers and mutual aid organizations, remained at the level of previous years. The Japanese life insurance market is one of the largest in the world.

Estimated size of the life insurance market in Japan from fiscal year 2012 to 2021, by sector (in trillion Japanese yen)

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Release date

August 2023

Region

Japan

Survey time period

fiscal year 2012 to 2021; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

based on life insurance premiums and others

Supplementary notes

Including income from annuity insurance in the case of mutual aid organizations.

100 Japanese yen equal 0.66 U.S. dollars or 0.63 euros as of November 2023.

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