Life insurance market share in Japan FY 2022, by company type

Published by Statista Research Department, Jan 16, 2024

Major life insurance groups accounted for 54 percent of the life insurance market in Japan in fiscal year 2022, based on annualized premiums in force. Annualized premiums in force of the life insurance business amounted to 27.9 trillion Japanese yen.

Market share of life insurance businesses based on annualized premiums in force in Japan in fiscal year 2022, by company type

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Release date

June 2023

Region

Japan

Survey time period

fiscal year 2022; 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 annualized premiums in force

Supplementary notes

Number of companies by type

Major life insurance groups: n=11

Foreign companies (companies with foreign capital of 50 percent of more): n=13

Other domestic companies: n=14

Non-life insurance company-affiliated (subsidiaries of non-life insurance companies and groups): n=4

Based on the financial results of insurance companies in Japan.

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Overview

5

Companies and agencies

6

Key players

6

Premium income and benefits paid

7

Individual life insurance

6

Cooperatives

4

Small amount and short-term insurers

4

Customer demographics

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