Japan Motor Insurance Market Snapshot

japan motor insurance market outlook

Study Period: 2016 – 2026
Base Year: 2021
CAGR: <2 %
japan motor insurance market major players

Japan Motor Insurance Market | 2022 - 27 | Industry Trends, Size, Growth

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

  • The Japan Motor Insurance Market is estimated to grow at a CAGR of approximately 2% during the forecast period.
  •  In Q4 2018, the Direct premium of Voluntary automobile was 4,130,032 million JPY, the net premium was 4,054,817 million JPY, direct claims were 2,311,703 million JPY, net claims were at 2,241,518 million JPY. The net premium was decreased by 1.3% in Q4 2018 compared to Q4 2017, direct claims were increased by 5.7% in Q4 2018 compared to Q4 2017, net claims was increased by 2.6% in Q4 2018 compared to the Q4 2017.
  • In Q4 2018, the Direct premium of Compulsory automobile was 973,916 million JPY, the net premium was 962,937 million JPY, direct claims were 721,925 million JPY, net claims were at 720,438 million JPY. The direct premium was increased by 0.1% in Q4 2018 compared to Q4 2017, net premiums were decreased by 4.7 in Q4 2018 compared to Q4 2017, direct claims and net claims were decreased by 3.8% and 2.8% in Q4 2018 compared to Q4 2017.

Scope of the Report

This report aims to provide a detailed analysis of the Japan Motor Insurance Market. It focuses on the grocery store dynamics, emerging trends in the segments and regional markets, and insights on diverse product and application types. besides, it analyses the identify players and the competitive landscape in the Japan Motor Insurance Market .

By Insurance Coverage
Compulsory
Voluntary
By Distribution Channel
Agents
Brokers
Direct

Report setting can be customized per your requirements. Click here .

Key Market Trends

Increase in New Motor vehicle production registrations:

passenger car and commercial vehicle demand in Japan in 2018 totaled 5.27 million units, a 0.7 % increase over the former year. entire passenger car sales grew 0.1 % to 4.39 million units, with standard cars rising 2.2 % to 1.58 million units and minicars climbing 3.6 % to 1.50 million units, but minor cars dropping 5.9 % to 1.31 million units. interim, sales of trucks increased by 4.2 % over 2017 to 867,000 units, whereas sales of buses declined 12.1 % to 14,000 units.

japan motor insurance market share

Government focus towards Artificial Intelligence(AI):

Non-life insurance companies collect bad data for use in marketing and price. They are besides accelerating their operations by using AI ( Artificial Intelligence ) to assess claims requital and for customer service functions such as call option centers. furthermore, AI ( Artificial Intelligence ) is expected to carry out primary judgment in the region of policy sales, underwrite, and requital of claims in the future. The term “ fintech, ” which has recently come into common use, is besides used in the policy industry. The insurance industry has besides embraced the term “ insurtech ” to refer to the coalition of indemnity and information engineering for the development of the indemnity products and to encourage invention in the operations of non-life indemnity companies .
japan motor insurance market trends

Table of Contents

  1. 1. introduction
    1. 1.1 Study Deliverables
    2. 1.2 Study Assumptions
    3. 1.3 oscilloscope of the Study
  2. 2. RESEARCH METHODOLOGY
  3. 3. executive compendious
  4. 4. market DYNAMICS
    1. 4.1 Market Overview
    2. 4.2 market Drivers
    3. 4.3 market Restraints
    4. 4.4 Value Chain / Supply Chain Analysis
    5. 4.5 Porters 5 Force analysis
      1. 4.5.1 Threat of New Entrants
      2. 4.5.2 Bargaining Power of Buyers/Consumers
      3. 4.5.3 Bargaining Power of Suppliers
      4. 4.5.4 threat of Substitute Products
      5. 4.5.5 Intensity of Competitive Rivalry
    6. 4.6 key Market Insights
      1. 4.6.1 Impact of Government Regulations and Initiatives on the indemnity industry
      2. 4.6.2 Impact of AI ( Artificial Intelligence ) in policy industry
  5. 5. market division
    1. 5.1 By Insurance Coverage
      1. 5.1.1 compulsory
      2. 5.1.2 voluntary
    2. 5.2 By Distribution Channel
      1. 5.2.1 Agents
      2. 5.2.2 Brokers
      3. 5.2.3 conduct
  6. 6. COMPETITIVE LANDSCAPE
    1. 6.1 Vendor Market Share
    2. 6.2 Mergers & Acquisitions
    3. 6.3 ship’s company Profiles
      1. 6.3.1 TOKIO MARINE & NICHIDO FIRE INSURANCE CO., LTD .
      2. 6.3.2 SOMPO JAPAN NIPPONKOA INSURANCE INC .
      3. 6.3.3 MITSUI SUMITOMO INSURANCE COMPANY, LIMITED
      4. 6.3.4 AIOI NISSAY DOWA INSURANCE COMPANY, LIMTED
      5. 6.3.5 RAKUTEN GENERAL INSURANCE CO., LTD .
      6. 6.3.6 AXA GENERAL INSURANCE COMPANY LIMITED
      7. 6.3.7 SECOM GENERAL INSURANCE CO., LTD .
      8. 6.3.8 MITSUI DIRECT GENERAL INSURANCE CO., LTD .
      9. 6.3.9 ZURICH INSURANCE COMPANY LTD .
    4. *List not Exhaustive

  7. 7. market OPPORTUNITIES AND FUTURE TRENDS

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Frequently Asked Questions

What is the study period of this market?

The Japan Motor Insurance Market market is studied from 2016 – 2026 .

What is the growth rate of Japan Motor Insurance Market?

The Japan Motor Insurance Market is growing at a CAGR of < 2 % over the adjacent 5 years .

Who are the key players in Japan Motor Insurance Market?

TOKIO MARINE & NICHIDO FIRE INSURANCE CO., LTD., SOMPO JAPAN NIPPONKOA INSURANCE INC., MITSUI SUMITOMO INSURANCE COMPANY, LIMITED, AIOI NISSAY DOWA INSURANCE COMPANY, LIMTED, RAKUTEN GENERAL INSURANCE CO., LTD. are the major companies operating in Japan Motor Insurance Market.

Japan Motor Insurance Market | 2022 - 27 | Industry Trends, Size, Growth

80 %of our clients seek made-to-order reports. How do you
want us to tailor yours?

Please enter a valid e-mail id !
Please enter a valid message !

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: