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Personal Accident and Health Insurance in Japan, Key Trends and Opportunities to 2020

Published By :

Timetric

Published Date : Feb 2017

Category :

Health Insurance

No. of Pages : 101 Pages

Synopsis
Timetrics 'Personal Accident and Health Insurance in Japan, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Japanese personal accident and health insurance segment, and a comparison of the Japanese insurance industry with its regional counterparts.

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 (20112015) and forecast period (20152020).

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 2020' report provides in-depth market analysis, information and insights into the Japanese personal accident and health insurance segment, including:

An overview of the Japanese personal accident and health insurance segment

The Japanese personal accident and health insurance segments growth prospects by category

A comprehensive overview of the Japanese economy and demographics

A comparison of the Japanese personal accident and health insurance segment with its regional counterparts

The various distribution channels in the Japanese personal accident and health insurance segment

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 20112015 review period, and projected figures for the 20152020 forecast period.

It offers a detailed analysis of the key categories in the Japanese personal accident and health insurance segment, and market forecasts to 2020.

It provides a comparison of the Japanese personal accident and health insurance segment with its regional counterparts

It provides an overview of 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
Health insurance dominated the Japanese personal accident and health segment, with a direct written premium share of 84.2% in 2015.

Japanese personal accident and health insurance penetration stood at 1.74% in 2015.

EHI is a workplace-based health scheme covering employees and dependent family members. It is compulsory for companies employing more than five individuals to provide medical insurance for employees and their dependents.

Japans population is falling due to the declining birth rate and high mortality rate. The countrys total population fell from 127.6 million in 2011 to 126.8 million in 2015.

Factors such as the depreciation of the yen and low consumer confidence in travelling due to increasing terrorist attacks were the reasons behind the fall in outbound tourism.



Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 Outlook by Category
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Policies
5.1.3 Claims
5.1.4 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Policies
5.2.3 Claims
5.2.4 Profitability
6 Distribution Channel Outlook
7 Competitive Landscape
7.1 Company Profiles
7.1.1 Tokio Marine & Nichido Fire Insurance Co., Ltd company overview
7.1.2 Sompo Japan Nipponkoa Insurance Inc. company overview
7.1.3 Mitsui Sumitomo Insurance Co., Ltd company overview
7.1.4 Aioi Nissay Dowa Insurance Co., Ltd company overview
7.1.5 American Home Assurance Company, Ltd company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
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 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
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
9 Databook
9.1 Policies and Premium
9.1.1 Claims and expenses
9.1.2 Assets and investments
9.1.3 Personal accident insurance
9.1.4 Health insurance
9.1.5 Health insurance by product
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetrics Services
11.4 Disclaimer


List of Tables
Table 1: Japanese Personal Accident and Health Insurance Key Facts, 2015
Table 2: Japanese Government Credit Ratings
Table 3: Japanese Personal Accident and Health Insurance Gross Written Premium (JPY Trillion and US$ Billion), 20112015
Table 4: Japanese Personal Accident and Health Insurance Penetration (%), 20112015
Table 5: Japanese Personal Accident and Health Insurance Gross Written Premium (JPY Trillion and US$ Billion), 20152020
Table 6: Japanese Personal Accident and Health Insurance Penetration (%), 20152020
Table 7: Japanese Personal Accident and Health Insurance Premium per Capita (JPY and US$), 20112015
Table 8: Japanese Personal Accident and Health Insurance Premium per Capita (JPY and US$), 20152020
Table 9: Japanese Personal Accident and Health Insurance Number of Policies Sold (Million), 20112015
Table 10: Japanese Personal Accident and Health Insurance Number of Policies Sold (Million), 20152020
Table 11: Japanese Personal Accident and Health Insurance Paid Claims (JPY Trillion and US$ Billion), 20112015
Table 12: Japanese Personal Accident and Health Insurance Paid Claims (JPY Trillion and US$ Billion), 20152020
Table 13: Japanese Personal Accident and Health Insurance Profitability Ratio (%), 20112015
Table 14: Japanese Personal Accident and Health Insurance Profitability Ratio (%), 20152020
Table 15: Japanese Personal Accident and Health Insurance Total Assets (JPY Trillion and US$ Billion), 20112015
Table 16: Japanese Personal Accident and Health Insurance Total Assets (JPY Trillion and US$ Billion), 20152020
Table 17: Japanese Personal Accident and Health Insurance Total Investment Income (JPY Trillion and US$ Billion), 20112015
Table 18: Japanese Personal Accident and Health Insurance Total Investment Income (JPY Trillion and US$ Billion), 20152020
Table 19: Japanese Personal Accident and Health Insurance Investment Portfolio (JPY Trillion), 20112015
Table 20: Japanese Personal Accident and Health Insurance Investment Portfolio (JPY Trillion), 20152020
Table 21: Japanese Personal Accident and Health Insurance Direct Written Premium by Category (JPY Trillion), 20112015
Table 22: Japanese Personal Accident and Health Insurance Direct Written Premium by Category (JPY Trillion), 20152020
Table 23: Japanese Personal Accident Insurance Direct Written Premium (JPY Trillion and US$ Billion), 20112015
Table 24: Japanese Personal Accident Insurance Direct Written Premium (JPY Trillion and US$ Billion), 20152020
Table 25: Japanese Personal Accident Insurance Number of Policies Sold (Million), 20112015
Table 26: Japanese Personal Accident Insurance Number of Policies Sold (Million), 20152020
Table 27: Japanese Personal Accident Insurance Paid Claims (JPY Trillion and US$ Billion), 20112015
Table 28: Japanese Personal Accident Insurance Paid Claims (JPY Trillion and US$ Billion), 20152020
Table 29: Japanese Personal Accident Insurance Loss Ratio (%), 20112015
Table 30: Japanese Personal Accident Insurance Loss Ratio (%), 20152020
Table 31: Japanese Health Insurance Direct Written Premium (JPY Trillion), 20112015
Table 32: Japanese Health Insurance Direct Written Premium by Sub-Category (JPY Billion), 20152020
Table 33: Japanese Health Insurance Number of Policies Sold by Sub-Category (Million), 20112015
Table 34: Japanese Health Insurance Number of Policies Sold by Sub-Category (Million), 20152020
Table 35: Japanese Health Insurance Paid Claims (JPY Trillion and US$ Billion), 20112015
Table 36: Japanese Health Insurance Paid Claims (JPY Trillion and US$ Billion), 20152020
Table 37: Japanese Health Insurance Loss Ratio (%), 20112015
Table 38: Japanese Health Insurance Loss Ratio (%), 20152020
Table 39: Japanese Personal Accident and Health Insurance Leading Insurers
Table 40: Tokio Marine & Nichido Fire Insurance Co., Ltd Key Facts
Table 41: Sompo Japan Nipponkoa Insurance Inc. Key Facts
Table 42: Mitsui Sumitomo Insurance Co., Ltd Key Facts
Table 43: Aioi Nissay Dowa Insurance Co., Ltd Key Facts
Table 44: American Home Assurance Company, Ltd Key Facts
Table 45: Japan Insurance Regulatory Framework Key Features
Table 46: Japan Life Insurance Regulatory Framework
Table 47: Japan Property Insurance Regulatory Framework
Table 48: Japan Premium Rates for Earthquake Insurance
Table 49: Japan Motor Insurance Regulatory Framework
Table 50: Japan Liability Insurance Regulatory Framework
Table 51: Japan CALI Premium Rates for Different Types of Motor Vehicles (in JPY)
Table 52: Japan Corporate Tax Rates for the Financial Year 2016
Table 53: Japanese Personal Accident and Health Insurance Industry Policies and Premium, 20112015
Table 54: Japanese Personal Accident and Health Insurance Industry Policies and Premium, 20152020
Table 55: Japanese Personal Accident and Health Insurance Claims and Expenses, 20112015
Table 56: Japanese Personal Accident and Health Insurance Claims and Expenses, 20152020
Table 57: Japanese Personal Accident and Health Insurance Assets and Investments, 20112015
Table 58: Japanese Personal Accident and Health Insurance Assets and Investments, 20152020
Table 59: Japanese Personal Accident and Health Insurance Personal Accident Insurance, 20112015
Table 60: Japanese Personal Accident and Health Insurance Personal Accident Insurance, 20152020
Table 61: Japanese Personal Accident and Health Insurance Health Insurance, 20112015
Table 62: Japanese Personal Accident and Health Insurance Health Insurance, 20152020
Table 63: Japanese Personal Accident and Health Insurance Health by Product, 20112015
Table 64: Japanese Personal Accident and Health Insurance Health by Product, 20152020
Table 65: Insurance Industry Definitions


List of Figures
Figure 1: Japanese Real GDP (JPY Trillion), 20112020
Figure 2: JPYUS$ Exchange Rate, 20112020
Figure 3: Japanese Consumer Price Inflation (%), 20112020
Figure 4: Japanese Current Account Balance as Percentage of GDP (%), 20112015
Figure 5: Japanese Unemployment Rate, 20112020
Figure 6: Japanese Population by Age Group, 19902025
Figure 7: Japanese Personal Accident and Health Insurance Penetration Regional Comparison (%), 2015
Figure 8: Japanese Insurance Segment Direct Written Premium Shares Regional Comparison (%), 2015
Figure 9: Japanese Personal Accident and Health Insurance Gross Written Premium (JPY Trillion), 20112020
Figure 10: Japanese Personal Accident and Health Insurance Penetration (%), 20112020
Figure 11: Japanese Personal Accident and Health Insurance Premium per Capita (JPY), 20112020
Figure 12: Japanese Personal Accident and Health Insurance Number of Policies Sold (Million), 20112020
Figure 13: Japanese Personal Accident and Health Insurance Paid Claims (JPY Trillion), 20112020
Figure 14: Japanese Personal Accident and Health Insurance Profitability Ratio (%), 20112020
Figure 15: Japanese Personal Accident and Health Insurance Total Assets (JPY Trillion), 20112020
Figure 16: Japanese Personal Accident and Health Insurance Total Investment Income (JPY Trillion), 20112020
Figure 17: Japanese Personal Accident and Health Insurance Investment Portfolio (JPY Trillion), 20112020
Figure 18: Japanese Personal Accident and Health Insurance Investment Portfolio Dynamics by Category, 20112020
Figure 19: Japanese Personal Accident and Health Insurance Direct Written Premium by Category (JPY Trillion), 20112020
Figure 20: Japanese Personal Accident and Health Insurance Direct Written Premium Dynamics by Category, 20112020
Figure 21: Japanese Personal Accident Insurance Direct Written Premium (JPY Trillion), 20112020
Figure 22: Japanese Personal Accident Insurance Number of Policies Sold (Million), 20112020
Figure 23: Japanese Personal Accident Insurance Paid Claims (JPY Trillion), 20112020
Figure 24: Japanese Personal Accident Insurance Earned Premium, Incurred Loss and Loss Ratio (JPY Billion and %), 20112020
Figure 25: Japanese Health Insurance Direct Written Premium by Sub-Category (JPY Trillion), 20112020
Figure 26: Japanese Health Insurance Number of Policies Sold by Sub-Category (Million), 20112020
Figure 27: Japanese Health Insurance Paid Claims (JPY Trillion), 20112020
Figure 28: Japanese Health Insurance Earned Premium, Incurred Loss and Loss Ratio (JPY Billion and %), 20112020
Figure 29: Japan Insurance Supervision and Control at Various Levels
Figure 30: Japan Insurance Regulatory Frameworks for Company Registration and Operation

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