[市場調查報告書] 日本之保險業界

Abstract

The Japanese Insurance Industry Report provides insightful analysis, market overview, industry structure and outlook of life and non-life/ general insurance industries in the region. Richly laden with quantitative analysis, the report provides the reader with a rudimentary preface to the Japanese insurance industry. A synopsized discussion offers preludes to reinsurance and other insurance markets within the non-life insurance sector, such as health, automobile, property, fire, accident, catastrophe and pet insurance. The closely summarized Japanese market report is designed to offer a broad, macro level picture of trends, regulatory/legislative environment, insurance associations; and recent mergers & acquisitions, and strategic corporate developments witnessed by the industry. Also provided is a compilation of recent past/ historical perspective of the country' s insurance market, corporate developments, and market facts & figures of the industry. The report examines the leading companies' footing in insurance markets at regional level, along with their annual written premiums and/ or market shares. Regional key and niche players briefly discussed and abstracted in the report include Asahi Mutual Life Insurance, Dai -ichi Mutual Life Insurance, Meiji Yasuda Life Insurance, Millea Holdings, Inc., Tokio Marine & Nichido Fire Insurance Co., Ltd., Mitsui Sumitomo Insurance Company, Ltd., Nippon Life Insurance Co., Sompo Japan Insurance Inc., and Sumitomo Life Insurance.

1. Industry Review

Japan - A Leading Insurance Market Worldwide
Table 1: Japanese Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life and Non- Life Markets Independently Analyzed with Annual Premiums in US$ Billion for Fiscal Years 2005 through 2010 (includes corresponding Graph/Chart)
Table 2: Japanese 6-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premiums for Life and Non-Life Markets for 2005, 2008, and 2010 (includes corresponding Graph/Chart)
Table 3: Japanese Insurance Industry (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life and Non-Life
Japanese Insurance Industry - An Overview
Non-Payment Issues Hit the Japanese Life Insurance Industry
Foreigners Reign...
IT Spend - An Ascent to Efficiency
Table 4: Japanese Insurance Industry (2005-2010): Total Insurance IT Expenditure in US$ Billion For Life and Non- Life Insurance (includes corresponding Graph/Chart)
Amendments to IBL: A Review
De Mutualizing of Insurance Companies: Demoralizing Consumer Interests?
Japanese Insurance Industry: Developments in the Recent Past
Japan' s Favoritism to Kampo Met with Hot Opposition
Sluggish Japanese Economy Lags Growth in the Insurance Market - A Late 90' s Scenario
Deregulation of the Insurance Industry: Flagged off in the Year 1996
Deregulation Shakes Up the Laxity in the Market

2. Japan' s Insurance Sector: A Mid 90' s Review

Slow Claims Paying Method: Performance Restraint of the 90' s
Leading Japanese Insurers Worldwide - Mid 90s (Assets in Y Billion)
Japan in Comparison with Other Leaders (Based on General Premium Income)
Japanese Non-Bank Financial Firms Among the 1,000 Largest Companies Worldwide
Estimated Problem Loans of Japanese Financial } Institutions: Mid-90s (Y Trillion)
Table 5: Problem Loans for Japanese Financial Institutions - A Mid 90' s Scenario (includes corresponding Graph/Chart)

3. Review of Major Insurance Sectors

3a. Life Insurance

Recovery: Hope or Hype?
Challenges Facing Japanese Life Insurance Sector
Foreign Players Eye the Takeover of Domestic Life Insurers...
Deregulation Shakes the Market Lull
Table 6: Japanese Life Insurance Market (FY2005- FY2007E): Percentage Breakdown of Total Premium Income by Category for Individual Insurance, Individual Annuity, Group Insurance, Group Annuity, and Others (includes corresponding Graph/Chart)
Table 7: Japanese Life Insurance Industry (FY2000- FY2006): Total Assets By Value in Y Billion (includes corresponding Graph/Chart)
Table 8: Japanese Life Insurance Industry (FY2005 & FY2006): Total Business in Force (In Y Billion) by Individual Insurance, Individual Annuity, Group Insurance, and Group Annuity (includes corresponding Graph/Chart)
Table 9: Japanese Business in Force Life Insurance Market (2004): Percentage Breakdown of Insurance Policy Types By Number and Value for Whole Life, Whole Life-with-Term, Adjustable Interest Rate Funding Whole Life, Term, Endowment, Endowment- with-Term, Variable, and Others (includes corresponding Graph/Chart)
Table 10: Japanese Life Insurance Industry (2000 - 2004 Historic Data):Total New Business (In Y Billion) By Individual Insurance, Individual Annuity, and Group Insurance (includes corresponding Graph/Chart)
Table 11: Japanese New Business Life Insurance Market (2004): Percentage Breakdown of Insurance Policy Types By Number and Value for Whole Life, Whole Life-with-Term, Adjustable Interest Rate Funding Whole Life, Term, Endowment, Endowment-with- Term, Variable, and Others (includes corresponding Graph/Chart)
Table 12: Japanese Life Insurance Industry (FY2005 & FY2006): Total Payments in Y Billion by Benefits, Annuity, Repayments, and Others (includes corresponding Graph/Chart)
Table 13: Japanese Life Insurance Industry (2001-2004): Total Payments in Y Billion By Benefits, Annuity, Repayments, and Others (includes corresponding Graph/Chart)
Structure of the Life Insurance Industry
2002-2003: Market Leaders
Table 14: Japanese Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Nippon, Dai-ichi, Meiji Yasuda, Sumitomo, ALICO Japan, Daido, Mitsui, American Family, Taiyo, and Fukoku (includes corresponding Graph/Chart)
Table 15: Top-Five Players in the Japanese Life Insurance Market (2002) - Gross Written Premiums in US$ Million for Nippon, Dai-Ichi, Sumitomo, Meiji, and Yasuda (includes corresponding Graph/Chart)

3b. Health Insurance

Personal Health Insurance is the Mainstay...
Medical Insurance - A Sunrise Opportunity?
Medical Expenditure: Spiraling Up...
Medical Expenditures in Japan: 2000 - 2025
Table 16: Health Insurance Market Size in Japan (*): 2000 & 2005 (Y Trillion) (includes corresponding Graph/Chart)
High-Risk Medicare Boosts Private Medical Insurance
Table 17: Rising Popularity of Disease Specific Riders in Japan (2003-2004) (includes corresponding Graph/Chart)

3c. General/Non-Life Insurance

Market Overview
Table 18: Japanese General Insurance Industry (FY2005- FY2007E): Percentage Breakdown of Direct Premiums by Category for Automobile (Voluntary), Fire, Personal Accident, Automobile (Compulsory), and Miscellaneous (includes corresponding Graph/Chart)
Table 19: Japanese General Insurance Industry (FY2005- FY2007E): Percentage Breakdown of Net Premiums by Category for Automobile (Voluntary), Automobile (Compulsory), Fire, Personal Accident, and Miscellaneous (includes corresponding Graph/Chart)
Table 20: Japanese General/Non-Life Insurance Companies - Key Statistics (FY2005)
Table 21: Japanese Market for General/Non-Life Insurance (2005): Direct Claims in Billion Yen, and Percentage Breakdown by Business Segment - Compulsory Automobile Liability, Fire, Marine & Inland Transit, Personal Accident, Voluntary Automobile, and Miscellaneous Casualty (includes corresponding Graph/Chart)
Table 22: Japanese Market for General/Non-Life Insurance (2004): Percentage Value Breakdown of Net Premium by Segment - Auto (Compulsory, Voluntary), Fire, Miscellaneous Casualty, Personal Accident and Marine & Inland Transit (includes corresponding Graph/Chart)
Tokio Leads the Pack
Table 23: Leading Players in Japanese Non-Life Insurance Market (2004): Percentage Market Share by Company - Aioi Insurance, Fuji Fire & Marine, Kyoei, Mitsui Sumitomo, Nipponkoa, Nissay Dowa, Nisshin Fire & Marine, Sompo Japan, Tokio Marine Nichido, and Others(includes corresponding Graph/Chart)
Table 24: Japanese Non-Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Tokio, Mitsui Sumitomo, Sompo Japan, Aioi, Nippon Koa, Nichido, Nissay Dowa, Fuji, AIU, and Kyoei (includes corresponding Graph/Chart)
Classification of Foreign Non-Life Insurance Firms
Investment Framework
Distribution
Table 25: Japanese General/Non-Life Insurance Market (2005): Percentage Breakdown of Direct Premium Generation by Distribution Channel - Agents, Brokers, and Direct Distribution(includes corresponding Graph/Chart)
Table 26: Japanese General/Non-Life Insurance Market: Total Direct Premiums Collected by Distribution Channel (2001-2002) in Million Yen
Automobile Insurance in Japan
Property Insurance
Fire Insurance
Personal Accident Insurance
Catastrophe Insurance
Disaster Claims: Running Heavy on the Industry...
Table 27: Catastrophe Insurance Market in Japan: Disaster Claims Paid in Million Yen for 2005
Earthquake Insurance
Table 28: Japanese General/Non-Life Insurance Market: Claims Paid under Earthquake Insurance on Dwelling Risks (In Billion Yen) (includes corresponding Graph/Chart)
Division of Earthquake Insurance...
Residential Risks
Industrial risks
Effect of Kobe Earthquake...
Other Insurance Sectors
"Third Sector" in Japan
Savings Type Insurance Market

3d. Pet Insurance

3e. Reinsurance

Table 29: Japanese Reinsurance Industry: Leading Catastrophic Losses Caused by Floods or Windstorm During 1955-2004 By Number of Casualties and Property Damaged (In Million) (includes corresponding Graph/Chart)
Table 30: Japanese Reinsurance Market: Top Ten Earthquake Losses During 1955-2004 By Number of Casualties and Property Damaged (includes corresponding Graph/Chart)
Table 31: Japanese Reinsurance Market: Leading Disasters by Total Claims Paid in Y Billion for Fire, Automobile, and Marine Sectors (1990-2004) (includes corresponding Graph/Chart)
Table 32: Japanese Reinsurance Market: Leading Earthquakes by Total Claims Paid in Y Billion (1990-2004) (includes corresponding Graph/Chart)

4. Facts & Figures - A Snapshot of the Japanese Insurance Industry in Recent Past

Table 33: Top-Five Players in the Japanese Non-Life Insurance Market (2002) - Gross Written Premiums in US$ Million for Tokio Marine, Sompo Japan, Mitsui Sumitomo, NipponKoa, and Aioi (includes corresponding Graph/Chart)
Table 34: Japanese General/Non-Life Insurance Companies - Key Statistics (2002)
Table 35: Japanese General/Non-Life Insurance Market: Net Premiums by Category (2001-2002) in Million Yen (includes corresponding Graph/Chart)
Table 36: Japanese General/Non-Life Insurance Market: Total Direct Premiums of Foreign General Insurance Firms by Category (2001-2002) in Million Yen (includes corresponding Graph/Chart)
Table 37: Japanese General/Non-Life Insurance Market: Direct Claims Paid (2001-2002) by Category in Million Yen (includes corresponding Graph/Chart)
Table 38: Direct Premiums Written Abroad by Japanese General/Non-Life Insurers (in Million Yen) for 2001 & 2002 (includes corresponding Graph/Chart)
Table 39: Japanese Automobile Insurance Market: Direct Claims Paid Out by Insurers: 1995-2002 (In Y Billion) (includes corresponding Graph/Chart)
Table 40: Ownership of Voluntary Automobile Insurance in Japan (1999-2001)
Performance Indicators of Insurers: 2000
Table 41: Leading Japanese Non-Life Insurers' Performance Indicators: 2000 (Y Billion) (includes corresponding Graph/Chart)
Disaster Claims
Table 42: Japanese General/Non-Life Insurance Market: Claims Paid for Typhoon or Windstorm (In Billion Yen) (includes corresponding Graph/Chart)
Table 43: Japanese Fire Insurance Market: Direct Claims Paid Out by Fire Insurers: 1995-2002 (In Y Billion) (includes corresponding Graph/Chart)
Table 44: Key Personal Accident Insurers in Japan by Net Premiums Written: 2000 (In Y Billion) (includes corresponding Graph/Chart)
Table 45: Japanese Personal Accident Insurance Market: Direct Claims Paid Out by Insurers: 1995-2002 (In Y Billion) (includes corresponding Graph/Chart)

5. Regulatory/Legislative Environment

General Supervision...
Accounting Practices...
New Pension Scheme...

6. Role of Insurance Associations in the Japanese Insurance Industry

Marine and Fire Insurance Association of Japan, Inc
Major Activities...
General Insurance Association of Japan
Information Services
Disaster Prevention and Traffic Safety Promotion
Prevention of Social Problems
International Activities
Activities for Development of Confidence
Preservation of Environment & Promote NPO Activities
Requests and Proposals
International Association of Insurance Supervisors
Organization for Economic Co-operation and Development
International Meeting of Insurance Associations
International Union of Marine Insurance
East Asian Insurance Congress

7. Product Launch

Euler Hermes to Launch Export Credit Insurance in Japan

8. Product Launches in the Past

Tokio Marine and Fire Insurance Co. Launches Two Products
Mitsubishi Enters into Weather Related Insurance Coverage

9. Recent Industry Activity

Japan Post to Distribute Aflac Japan' s Cancer Insurance Product
AEGON and Sony Life to Set-Up a New Life Insurance Company
Millea Enters into Partnership with JP Morgan
Millea Holdings to Take Over Nisshin Fire & Marine Insurance
American International Group' s Japan Units to Merge
AIG in Alliance with Bank of Tokyo
Rakuten to Enter Non-Life Insurance Business
Tokio Marine in Alliance with Nisshin Fire
Mitsui Sumitomo Insurance to Acquire Mingtai Fire & Marine Insurance
Tokio Marine to Acquire One-Fourth Shares in Tianan Insurance
Euler Hermes to Launch Export Credit Insurance in Japan
Japan' s Regulatory Panel to Recommend New Policy on Child Care
AIU to Tap Japanese Trade Insurance Market
AIG to Acquire Insurance Portfolio of the Royal & Sun

10. Strategic Developments in the Past

Yasuda Fire and Marine Insurance Co. and Nissan Fire and Marine Insurance Co. Merge
Prudential Acquires Orico Life Insurance
Mass Mutual Acquires Aetna Heiwa Life Insurance
Daido Life and Taiyo Mutual Take Over Tokyo Mutual Life
Prudential Insurance Acquires Kyoei Life Insurance
JLT, FinTech Form Capital Risk Joint Venture
Heiwa Opens Captive Insurer in Hawaii
Aquila Signs Agreement with Mitsui Marine and Fire Insurance
Cigna Divests Stake in Yasuda Kasai Himawari Life Insurance

11. Focus on Select Japanese Players

Asahi Mutual Life Insurance
Dai -ichi Mutual Life Insurance
Meiji Yasuda Life Insurance - Leading Life Insurer in Japan
Millea Holdings, Inc.
Tokio Marine & Nichido Fire Insurance Co., Ltd
Mitsui Sumitomo Insurance Company, Ltd.
Nippon Life Insurance Co. - Largest Japanese Life Insurer.
Sompo Japan Insurance Inc.
Sumitomo Life Insurance

日本之保險業界

Japanese Insurance Industry