866-997-4948(US-Canada Toll Free)

Personal Accident and Health Insurance in Japan, Key Trends and Opportunities to 2019

Published By :

Timetric

Published Date : Jan 2016

Category :

Health Insurance

No. of Pages : 123 Pages

Synopsis

Timetrics 'Personal Accident and Health Insurance in Japan, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Japanese personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20102014) and forecast period (20142019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Japanese economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetrics 'Personal Accident and Health Insurance in Japan, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Japanese personal accident and health insurance segment, including:

  • The Japanese personal accident and health insurance segments growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of the Japanese economy and demographics
  • Details of the competitive landscape in the personal accident and health insurance segment in Japan
  • Details of regulatory policy applicable to the Japanese insurance industry

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Japan:

  • It provides historical values for the Japanese personal accident and health insurance segment for the reports 20102014 review period, and projected figures for the 20142019 forecast period.
  • It offers a detailed analysis of the key categories in the Japanese personal accident and health insurance segment, and market forecasts to 2019.
  • It analyzes the various distribution channels for personal accident and health insurance products in Japan.
  • It profiles the top personal accident and health insurance companies in Japan, and outlines the key regulations affecting them.

Reasons To Buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Japanese personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Japanese personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Japanese insurance industry, and their impact on companies and the industry's future.

Key Highlights

  • In terms of gross written premium, the personal accident and health segment was the smallest in the Japanese insurance industry, accounting for 7.0% of the gross written premium in 2014.
  • Health insurance dominated the Japanese personal accident and health gross written premium, with 65.8% of the gross written premium in 2014.
  • The Japanese personal accident and health segments penetration stood at 0.63% as of 2014, much lower than in other Asian countries such as South Korea with 1.49% and Taiwan with 2.38%.
  • Japan operates a universal health system, and health insurance is mandatory for every individual in the country, although there is no penalty for individuals not opting for health insurance. There are two types of health insurance scheme offered in Japan: Employees Health Insurance (EHI) and National Health Insurance (NHI).
  • Health insurance from foreigners home nations is not accepted by Japanese hospitals and clinics. Visitors to Japan with the exception of visitor visa or short-term visa holders are required to enrol in mandatory NHI, which covers 70% of public hospital expenses including consultation and surgery.

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Introduction

3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

4 Economy and Demographics

5 Personal Accident and Health Insurance Segment Outlook

5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Personal Accident and Health Insurance Growth Prospects by Category
5.4.1 Personal accident insurance
5.4.2 Health insurance

6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Agencies
6.3 Brokers

7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Japanese Personal Accident and Health Insurance Segment
7.2.1 Tokio Marine & Nichido Fire Insurance Co., Ltd company overview
7.2.2 Sompo Japan Nipponkoa Insurance Inc. company overview
7.2.3 Mitsui Sumitomo Insurance Co., Ltd company overview
7.2.4 Aioi Nissay Dowa Insurance Co., Ltd company overview
7.2.5 American Home Assurance Company, Ltd company overview
7.2.6 AIU Insurance Company, Ltd company overview
7.2.7 The Kyoei Fire & Marine Insurance Co., Ltd company overview
7.2.8 The Fuji Fire and Marine Insurance Co., Ltd company overview
7.2.9 ACE Insurance (Japan) company overview
7.2.10 JI Accident & Fire Insurance Co., Ltd company overview

8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Automobile liability insurance
8.4.2 Workers accident compensation insurance
8.4.3 Liability insurance for nuclear risks
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors (IAIS)
8.5.2 Financial Services Agency
8.5.3 Local Finance Bureau of the Ministry of Finance
8.5.4 The General Insurance Association of Japan (GIAJ)
8.5.5 The Life Insurance Association of Japan (LIAJ)
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a domestic company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)

9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetrics Services
9.5 Disclaimer

List of Table

Table 1: Japanese Personal Accident and Health Insurance Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Japanese Government Credit Ratings
Table 4: Japanese Personal Accident and Health Insurance Gross Written Premium by Category (JPY Trillion), 20102014
Table 5: Japanese Personal Accident and Health Insurance Gross Written Premium by Category (US$ Billion), 20102014
Table 6: Japanese Personal Accident and Health Insurance Gross Written Premium by Category (JPY Trillion), 20142019
Table 7: Japanese Personal Accident and Health Insurance Gross Written Premium by Category (US$ Billion), 20142019
Table 8: Japanese Personal Accident and Health Insurance Direct Written Premium by Category (JPY Trillion), 20102014
Table 9: Japanese Personal Accident and Health Insurance Direct Written Premium by Category (US$ Billion), 20102014
Table 10: Japanese Personal Accident and Health Insurance Direct Written Premium by Category (JPY Trillion), 20142019
Table 11: Japanese Personal Accident and Health Insurance Direct Written Premium by Category (US$ Billion), 20142019
Table 12: Japanese Personal Accident and Health Insurance Net Earned Premium (JPY Trillion), 20102014
Table 13: Japanese Personal Accident and Health Insurance Net Earned Premium (JPY Trillion), 20142019
Table 14: Japanese Personal Accident and Health Insurance Paid Claims by Category (JPY Billion), 20102014
Table 15: Japanese Personal Accident and Health Insurance Paid Claims by Category (US$ Billion), 20102014
Table 16: Japanese Personal Accident and Health Insurance Paid Claims by Category (JPY Billion), 20142019
Table 17: Japanese Personal Accident and Health Insurance Paid Claims by Category (US$ Billion), 20142019
Table 18: Japanese Personal Accident and Health Insurance Incurred Loss by Category (JPY Billion), 20102014
Table 19: Japanese Personal Accident and Health Insurance Incurred Loss by Category (US$ Billion), 20102014
Table 20: Japanese Personal Accident and Health Insurance Incurred Loss by Category (JPY Billion), 20142019
Table 21: Japanese Personal Accident and Health Insurance Incurred Loss by Category (US$ Billion), 20142019
Table 22: Japanese Personal Accident and Health Insurance Net Written Premium by Category (JPY Trillion), 20102014
Table 23: Japanese Personal Accident and Health Insurance Net Written Premium by Category (US$ Billion), 20102014
Table 24: Japanese Personal Accident and Health Insurance Net Written Premium by Category (JPY Trillion), 20142019
Table 25: Japanese Personal Accident and Health Insurance Net Written Premium by Category (US$ Billion), 20142019
Table 26: Japanese Personal Accident and Health Insurance Loss Ratio (%), 20102014
Table 27: Japanese Personal Accident and Health Insurance Loss Ratio (%), 20142019
Table 28: Japanese Personal Accident and Health Insurance Commission and Expenses (JPY Billion), 20102014
Table 29: Japanese Personal Accident and Health Insurance Commission and Expenses (JPY Billion), 20142019
Table 30: Japanese Personal Accident and Health Insurance Combined Ratio (%), 20102014
Table 31: Japanese Personal Accident and Health Insurance Combined Ratio (%), 20142019
Table 32: Japanese Personal Accident and Health Insurance Total Assets (JPY Trillion), 20102014
Table 33: Japanese Personal Accident and Health Insurance Total Assets (JPY Trillion), 20142019
Table 34: Japanese Personal Accident and Health Insurance Total Investment Income (JPY Billion), 20102014
Table 35: Japanese Personal Accident and Health Insurance Total Investment Income (JPY Billion), 20142019
Table 36: Japanese Personal Accident and Health Insurance Net Written Premium (% of GWP), 20102014
Table 37: Japanese Personal Accident and Health Insurance Net Written Premium (% of GWP), 20142019
Table 38: Japanese Personal Accident Insurance Direct Written Premium (JPY Trillion), 20102014
Table 39: Japanese Personal Accident Insurance Direct Written Premium (JPY Trillion), 20142019
Table 40: Japanese Personal Accident Insurance Loss Ratio (%), 20102014
Table 41: Japanese Personal Accident Insurance Loss Ratio (%), 20142019
Table 42: Japanese Life Health Insurance Number of Policies Sold (Million), 20102014
Table 43: Japanese Life Health Insurance Number of Policies Sold (Million), 20142019
Table 44: Japanese Life Health Insurance Direct Written Premium (JPY Trillion), 20102014
Table 45: Japanese Life Health Insurance Direct Written Premium (JPY Trillion), 20142019
Table 46: Japanese Life Health Insurance Paid Claim (JPY Trillion), 20102014
Table 47: Japanese Life Health Insurance Paid Claim (JPY Trillion), 20142019
Table 48: Japanese Life Health Insurance Loss Ratio (%), 20102014
Table 49: Japanese Life Health Insurance Loss Ratio (%), 20142019
Table 50: Japanese Life Health Insurance Net Written Premium (JPY Trillion), 20102014
Table 51: Japanese Life Health Insurance Net Written Premium (JPY Trillion), 20142019
Table 52: Japanese Personal Accident and Health Insurance Direct Marketing Value of Commission (JPY Billion), 20102014
Table 53: Japanese Personal Accident and Health Insurance Direct Marketing Value of Commission (JPY Billion), 20142019
Table 54: Japanese Personal Accident and Health Insurance Direct Marketing Direct Written Premium (JPY Billion), 20102014
Table 55: Japanese Personal Accident and Health Insurance Direct Marketing Direct Written Premium (JPY Billion), 20142019
Table 56: Japanese Personal Accident and Health Insurance Agencies Value of Commission (JPY Billion), 20102014
Table 57: Japanese Personal Accident and Health Insurance Agencies Value of Commission (JPY Billion), 20142019
Table 58: Japanese Personal Accident and Health Insurance Agencies Direct Written Premium (JPY Trillion), 20102014
Table 59: Japanese Personal Accident and Health Insurance Agencies Direct Written Premium (JPY Trillion), 20142019
Table 60: Japanese Personal Accident and Health Insurance Brokers Value of Commission (JPY Million), 20102014
Table 61: Japanese Personal Accident and Health Insurance Brokers Value of Commission (JPY Million), 20142019
Table 62: Japanese Personal Accident and Health Insurance Brokers Direct Written Premium (JPY Billion), 20102014
Table 63: Japanese Personal Accident and Health Insurance Brokers Direct Written Premium (JPY Billion), 20142019
Table 64: Japanese Personal Accident and Health Insurance Shares of Key Insurers (%), 2014
Table 65: Tokio Marine & Nichido Fire Insurance Co., Ltd Key Facts
Table 66: Sompo Japan Nipponkoa Insurance Inc. Key Facts
Table 67: Mitsui Sumitomo Insurance Co., Ltd Key Facts
Table 68: Aioi Nissay Dowa Insurance Co., Ltd Key Facts
Table 69: 7.2.5
Table 70: AIU Insurance Company, Ltd Key Facts
Table 71: The Kyoei Fire & Marine Insurance Co., Ltd Key Facts
Table 72: The Fuji Fire and Marine Insurance Co., Ltd, Ltd Key Facts
Table 73: ACE Insurance (Japan) Key Facts
Table 74: Seoul Guarantee Insurance Company Ltd Key Facts
Table 75: Japan Insurance Regulatory Framework Key Features
Table 76: Japan Life Insurance Regulatory Framework
Table 77: Japan Property Insurance Regulatory Framework
Table 78: Japan Motor Insurance Regulatory Framework
Table 79: Japan Liability Insurance Regulatory Framework
Table 80: Japan CALI Premium Rates for Different Types of Motor Vehicles (in JPY)
Table 81: Japan Corporate Tax Rates for the Financial Year 2015

List of Chart

Figure 1: Japanese Real GDP (JPY Trillion), 20102019
Figure 2: JPYUS$ Exchange Rate, 20102019
Figure 3: Japanese Consumer Price Inflation (%), 20102019
Figure 4: Japanese Current Account Balance as a Percentage of GDP (%), 20102019
Figure 5: Japanese Unemployment Rate (%), 20102019
Figure 6: Japanese Population by Age Group, 19912025
Figure 7: Japanese Personal Accident and Health Insurance Gross Written Premium by Category (JPY Trillion), 20102019
Figure 8: Japanese Personal Accident and Health Insurance Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 9: Japanese Personal Accident and Health Insurance Gross Written Premium Dynamics by Category, 20102019
Figure 10: Japanese Personal Accident and Health Insurance Direct Written Premium by Category (JPY Trillion), 20102019
Figure 11: Japanese Personal Accident and Health Insurance Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 12: Japanese Personal Accident and Health Insurance Gross Written Premium Dynamics by Category, 20102019
Figure 13: Japanese Personal Accident and Health Insurance Net Earned Premium (JPY Trillion), 20102014
Figure 14: Japanese Personal Accident and Health Insurance Net Earned Premium (JPY Trillion), 20142019
Figure 15: Japanese Personal Accident and Health Insurance Paid Claims by Category (JPY Billion), 20102019
Figure 16: Japanese Personal Accident and Health Insurance Incurred Loss by Category (JPY Billion), 20102019
Figure 17: Japanese Personal Accident and Health Insurance Net Written Premium by Category (JPY Trillion), 20102019
Figure 18: Japanese Personal Accident and Health Insurance Loss Ratio (%), 20102014
Figure 19: Japanese Personal Accident and Health Insurance Loss Ratio (%), 20142019
Figure 20: Japanese Personal Accident and Health Insurance Commission and Expenses (JPY Billion), 20102014
Figure 21: Japanese Personal Accident and Health Insurance Commission and Expenses (JPY Billion), 20142019
Figure 22: Japanese Personal Accident and Health Insurance Combined Ratio (%), 20102014
Figure 23: Japanese Personal Accident and Health Insurance Combined Ratio (%), 20142019
Figure 24: Japanese Personal Accident and Health Insurance Total Assets (JPY Trillion), 20102014
Figure 25: Japanese Personal Accident and Health Insurance Total Assets (JPY Trillion), 20142019
Figure 26: Japanese Personal Accident and Health Insurance Total Investment Income (JPY Billion), 20102014
Figure 27: Japanese Personal Accident and Health Insurance Total Investment Income (JPY Billion), 20142019
Figure 28: Japanese Personal Accident and Health Insurance Net Written Premium (% of GWP), 20102014
Figure 29: Japanese Personal Accident and Health Insurance Net Written Premium (% of GWP), 20142019
Figure 30: Japanese Personal Accident and Health Insurance Investment Portfolio (JPY Trillion), 20102014
Figure 31: Japanese Personal Accident and Health Insurance Investment Portfolio (% Share), 2010 and 2014
Figure 32: Japanese Personal Accident and Health Insurance Penetration (%), 20102014
Figure 33: Japanese Personal Accident and Health Insurance Direct Premium per Capita (JPY), 20102014
Figure 34: Japanese Personal Accident Insurance Direct Written Premium (JPY Trillion), 20102014
Figure 35: Japanese Personal Accident Insurance Direct Written Premium (JPY Trillion), 20142019
Figure 36: Japanese Personal Accident Insurance Loss Ratio (%), 20102014
Figure 37: Japanese Personal Accident Insurance Loss Ratio (%), 20142019
Figure 38: Japanese Life Health Insurance Number of Policies Sold (Million), 20102014
Figure 39: Japanese Life Health Insurance Number of Policies Sold (Million), 20142019
Figure 40: Japanese Life Health Insurance Direct Written Premium (JPY Trillion), 20102014
Figure 41: Japanese Life Health Insurance Direct Written Premium (JPY Trillion), 20142019
Figure 42: Japanese Life Health Insurance Paid Claim (JPY Trillion), 20102014
Figure 43: Japanese Life Health Insurance Paid Claim (JPY Trillion), 20142019
Figure 44: Japanese Life Health Insurance Loss Ratio (%), 20102014
Figure 45: Japanese Life Health Insurance Loss Ratio (%), 20142019
Figure 46: Japanese Life Health Insurance Net Written Premium (JPY Trillion), 20102014
Figure 47: Japanese Life Health Insurance Net Written Premium (JPY Trillion), 20142019
Figure 48: Japanese Personal Accident and Health Insurance Direct Written Premium by Distribution Channel (% Share), 2014 and 2019
Figure 49: Japanese Personal Accident and Health Insurance Direct Marketing Value of Commission (JPY Billion), 20102014
Figure 50: Japanese Personal Accident and Health Insurance Direct Marketing Value of Commission (JPY Billion), 20142019
Figure 51: Japanese Personal Accident and Health Insurance Direct Marketing Direct Written Premium (JPY Billion), 20102014
Figure 52: Japanese Personal Accident and Health Insurance Direct Marketing Direct Written Premium (JPY Billion), 20142019
Figure 53: Japanese Personal Accident and Health Insurance Agencies Value of Commission (JPY Billion), 20102014
Figure 54: Japanese Personal Accident and Health Insurance Agencies Value of Commission (JPY Billion), 20142019
Figure 55: Japanese Personal Accident and Health Insurance Agencies Direct Written Premium (JPY Trillion), 20102014
Figure 56: Japanese Personal Accident and Health Insurance Agencies Direct Written Premium (JPY Trillion), 20142019
Figure 57: Japanese Personal Accident and Health Insurance Brokers Value of Commission (JPY Million), 20102014
Figure 58: Japanese Personal Accident and Health Insurance Brokers Value of Commission (JPY Million), 20142019
Figure 59: Japanese Personal Accident and Health Insurance Brokers Direct Written Premium (JPY Billion), 20102014
Figure 60: Japanese Personal Accident and Health Insurance Brokers Direct Written Premium (JPY Billion), 20142019
Figure 61: Japanese Personal Accident and Health Insurance Shares of Key Insurers (%), 2014
Figure 62: Japan Insurance Supervision and Control at Various Levels
Figure 63: Japan Insurance Regulatory Frameworks for Company Registration and Operation

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title *
  • Company *
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *