Personal Accident and Health Insurance in Japan, Key Trends and Opportunities to 2017


#180851

223pages

Timetric

$ 1950

In Stock


Synopsis

The 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 segment’s growth prospects by insurance categories
  • Key trends and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Japanese personal accident and health insurance segment
  • Detailed competitive landscape in the personal accident and health insurance segment in Japan
  • Detailed regulatory framework of the Japanese insurance industry
  • A description of the personal accident and health reinsurance segment in Japan
  • Porter's Five Forces Analysis of the personal accident and health insurance segment
  • Benchmarking section on the Japanese personal accident and health insurance segment in comparison to other countries with overall GWP>$150 billion

Executive summary

Japan has the world’s oldest population, with people aged 65 years and above accounting for 25.0% of the total population at the end of April 2013. Japan operates a universal health cover system, and health insurance is mandatory for every individual in Japan. This has resulted in a rise in government welfare and healthcare expenditure in Japan. Healthcare expenditure as a percentage of GDP increased from 8.6% in 2008 to 9.8% in 2012. Increased demand for healthcare services and rising expenditure is driving demand for private insurance, and the written premium of personal accident and health insurance expanded at a CAGR of 4.5% from JPY2.3 trillion (US$22.3 billion) in 2008 to JPY2.8 trillion (US$34.5 billion) in 2012.

Scope

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

  • It provides historical values for Japan's personal accident and health insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
  • It offers a detailed analysis of the key sub-segments in Japan's personal accident and health insurance segment, along with market forecasts until 2017
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
  • It analyses the various distribution channels for personal accident and health insurance products in Japan
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Japan for the personal accident and health insurance segment
  • It provides a detailed analysis of the reinsurance segment in Japan and its growth prospects
  • 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 within the Japanese personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Japanese insurance segment and its impact on companies and the market's future

Key highlights

  • Japan operates a universal health cover system and health insurance is mandatory for every individual in Japan
  • Japanese healthcare expenditure continues to rise, as the aging population is leading to increased spending on advanced medical services
  • The written premium of the personal accident and health segment increased at a CAGR of 4.5% during the review period
  • Agencies were the largest channel, with a 67.0% share of the total commission for the distribution of personal accident and health insurance in 2012
  • Health insurance, which accounted for a significant share in the Japanese personal accident and health insurance segment, is expected to remain positive over the forecast period