In the fiscal year 2022, insurance policies in force of small amount and short-term insurance companies in Japan reached around 10.9 million, up by three percent compared to fiscal 2021.
Small amount and short-term insurance companies offer so-called mini insurance products with low premiums. Depending on the type of product, the period of insurance ranges from one to two years, and insurance benefits are limited to certain amounts.
Number of policies in force of small amount and short-term insurance (SASTI) companies in Japan from fiscal year 2016 to 2022
(in millions)
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Number of policies in millions
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The Small Amount & Short Term Insurance Association of Japan. (July 6, 2023). Number of policies in force of small amount and short-term insurance (SASTI) companies in Japan from fiscal year 2016 to 2022 (in millions) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1291364/japan-number-policies-in-force-small-amount-short-term-insurance-companies/
The Small Amount & Short Term Insurance Association of Japan. "Number of policies in force of small amount and short-term insurance (SASTI) companies in Japan from fiscal year 2016 to 2022 (in millions)." Chart. July 6, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1291364/japan-number-policies-in-force-small-amount-short-term-insurance-companies/
The Small Amount & Short Term Insurance Association of Japan. (2023). Number of policies in force of small amount and short-term insurance (SASTI) companies in Japan from fiscal year 2016 to 2022 (in millions). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1291364/japan-number-policies-in-force-small-amount-short-term-insurance-companies/
The Small Amount & Short Term Insurance Association of Japan. "Number of Policies in Force of Small Amount and Short-term Insurance (Sasti) Companies in Japan from Fiscal Year 2016 to 2022 (in Millions)." Statista, Statista Inc., 6 Jul 2023, https://www.statista.com/statistics/1291364/japan-number-policies-in-force-small-amount-short-term-insurance-companies/
The Small Amount & Short Term Insurance Association of Japan, Number of policies in force of small amount and short-term insurance (SASTI) companies in Japan from fiscal year 2016 to 2022 (in millions) Statista, https://www.statista.com/statistics/1291364/japan-number-policies-in-force-small-amount-short-term-insurance-companies/ (last visited July 22, 2024)
Number of policies in force of small amount and short-term insurance (SASTI) companies in Japan from fiscal year 2016 to 2022 (in millions) [Graph], The Small Amount & Short Term Insurance Association of Japan, July 6, 2023. [Online]. Available: https://www.statista.com/statistics/1291364/japan-number-policies-in-force-small-amount-short-term-insurance-companies/