Japan Insurance Report - Business Monitor International - Industry Reports

Japan Insurance Report

Japan Insurance Report - Business Monitor International - Industry Reports
Japan Insurance Report
Published Aug 20, 2016
57 pages — Published Aug 20, 2016
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Abstract:

< ALACRA META ABSTRACT>BMI View: This quarter, we have basically maintained our forecasts for the life segment Taking a much more optimistic view of the motor vehicle insurance sub-sector, we are now looking for markedly higher non-life insurance premiums than we were in Q---. ...Massive by any metric, the life segment continues to grow at almost mid-single digit rates. This reflects the persistently high savings rate, the central position of the life insurers in the organised savings landscape and innovation by the leading companies. The market is mature though, and many of the majors are looking for growth overseas and/or at domestic acquisitions. ...Gross life premiums written, JPY, y-o-y --.- -.- -.- -.- -.- -.- -.- -.- Gross life premiums written, USDbn ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- Gross life premiums written, USD, y-o-y ---.- --.- ---.- --.- -.- -.- -.- -.- Gross non-life premiums written,

...We continue to forecast growth in life insurance premiums of around - annually through the forecast period, notwithstanding that some companies have reported double-digit rises in new business in recent months. Growth will be driven by increasing demand for retirement income solutions; the established position of the life insurance industry as a provider of social security in Japan; the low rates of return available from competing investment opportunities; and innovation by life insurers in terms of product design, distribution and brand. ...We continue to forecast growth in life insurance premiums of around - annually through the forecast period, notwithstanding that some companies have reported double-digit rises in new business in recent months. Growth will be driven by increasing demand for retirement income solutions; the established position of the life insurance industry as a provider of social security in Japan; the low rates of return available from competing investment opportunities; and innovation by life insurers in terms of product design, distribution and brand. Major life companies continue to announce initiatives to expand overseas and/or to undertake acquisitions of other Japanese companies. ...We continue to look for a fairly sharp contraction in premiums from credit/ financial guarantee insurance. It is unsurprising that many of the leading non-life companies are looking at opportunities outside Japan.

...The latest results of the leading life insurance companies indicate that our estimate of premiums for ---- - at JPY--,---bn - was accurate. We now think that the final number was JPY--,---bn, or marginally less than that. ...The latest results of the leading life insurance companies indicate that our estimate of premiums for ---- - at JPY--,---bn - was accurate. At a time that interest rates are negative, deflation persists and the life insurers are being innovative in terms of product development (for instance, through the promotion of foreign currency products) we think that the appeal of life insurance has risen. Looking forward, we continue to expect that premiums will rise by around - annually. ...

  
Source:
Document ID
2049-5218
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Japan Insurance Report" Aug 20, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Japan-Insurance-Report-2026-1341>
  
APA:
Business Monitor International - Industry Reports. (2016). Japan Insurance Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Japan-Insurance-Report-2026-1341>
  
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