For the fiscal year 2023, the subscription rate of telematics insurance in Japan was forecast to reach eight percent. Figures were projected to expand to 14.2 percent 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 subscription rate of telematics insurance in Japan from fiscal year 2023 to 2026
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estimates based on number of telematics insurance subscriptions; all figures are forecasts
Supplementary notes
Based on research among non-life insurance companies.
The figures include individual telematics insurance policyholders and automobile insurance policyholders with telematics services added to their contract.
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Yano Research. (September 22, 2023). Forecasted subscription rate of telematics insurance in Japan from fiscal year 2023 to 2026 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1416145/japan-telematics-insurance-subscription-rate/
Yano Research. "Forecasted subscription rate of telematics insurance in Japan from fiscal year 2023 to 2026." Chart. September 22, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1416145/japan-telematics-insurance-subscription-rate/
Yano Research. (2023). Forecasted subscription rate of telematics insurance in Japan from fiscal year 2023 to 2026. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1416145/japan-telematics-insurance-subscription-rate/
Yano Research. "Forecasted Subscription Rate of Telematics Insurance in Japan from Fiscal Year 2023 to 2026." Statista, Statista Inc., 22 Sep 2023, https://www.statista.com/statistics/1416145/japan-telematics-insurance-subscription-rate/
Yano Research, Forecasted subscription rate of telematics insurance in Japan from fiscal year 2023 to 2026 Statista, https://www.statista.com/statistics/1416145/japan-telematics-insurance-subscription-rate/ (last visited July 22, 2024)
Forecasted subscription rate of telematics insurance in Japan from fiscal year 2023 to 2026 [Graph], Yano Research, September 22, 2023. [Online]. Available: https://www.statista.com/statistics/1416145/japan-telematics-insurance-subscription-rate/
