For the fiscal year 2023, the telematics insurance market in Japan was forecast to reach 262.2 billion Japanese yen. The market was projected to increase to 473.4 billion yen in fiscal 2026. Telematics insurance refers to the use of telematics technology to monitor driving behavior of automobile insurance policyholders. Based on the data gathered, non-life insurance companies can individually adjust car insurance rates or offer additional services such as safe driving advice.
Forecasted size of the telematics insurance market in Japan from fiscal year 2023 to 2026
(in billion Japanese yen)
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Market size in billion Japanese yen
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Yano Research. (September 22, 2023). Forecasted size of the telematics insurance market in Japan from fiscal year 2023 to 2026 (in billion Japanese yen) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1416142/japan-telematics-insurance-market-size/
Yano Research. "Forecasted size of the telematics insurance market in Japan from fiscal year 2023 to 2026 (in billion Japanese yen)." Chart. September 22, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1416142/japan-telematics-insurance-market-size/
Yano Research. (2023). Forecasted size of the telematics insurance market in Japan from fiscal year 2023 to 2026 (in billion Japanese yen). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1416142/japan-telematics-insurance-market-size/
Yano Research. "Forecasted Size of The Telematics Insurance Market in Japan from Fiscal Year 2023 to 2026 (in Billion Japanese Yen)." Statista, Statista Inc., 22 Sep 2023, https://www.statista.com/statistics/1416142/japan-telematics-insurance-market-size/
Yano Research, Forecasted size of the telematics insurance market in Japan from fiscal year 2023 to 2026 (in billion Japanese yen) Statista, https://www.statista.com/statistics/1416142/japan-telematics-insurance-market-size/ (last visited July 22, 2024)
Forecasted size of the telematics insurance market in Japan from fiscal year 2023 to 2026 (in billion Japanese yen) [Graph], Yano Research, September 22, 2023. [Online]. Available: https://www.statista.com/statistics/1416142/japan-telematics-insurance-market-size/
