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

Published: Feb, 2017 | Pages: 101 | Publisher: Timetric
Industry: Pet Food | Report Format: Electronic (PDF)

Synopsis
Timetric's '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 (2011-2015) and forecast period (2015-2020). 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 Timetric's 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
Timetric's '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 segment's 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 report's 2011-2015 review period, and projected figures for the 2015-2020 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. • Japan's population is falling due to the declining birth rate and high mortality rate. The country's 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 Timetric's 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), 2011-2015 Table 4: Japanese Personal Accident and Health Insurance - Penetration (%), 2011-2015 Table 5: Japanese Personal Accident and Health Insurance - Gross Written Premium (JPY Trillion and US$ Billion), 2015-2020 Table 6: Japanese Personal Accident and Health Insurance - Penetration (%), 2015-2020 Table 7: Japanese Personal Accident and Health Insurance - Premium per Capita (JPY and US$), 2011-2015 Table 8: Japanese Personal Accident and Health Insurance - Premium per Capita (JPY and US$), 2015-2020 Table 9: Japanese Personal Accident and Health Insurance - Number of Policies Sold (Million), 2011-2015 Table 10: Japanese Personal Accident and Health Insurance - Number of Policies Sold (Million), 2015-2020 Table 11: Japanese Personal Accident and Health Insurance - Paid Claims (JPY Trillion and US$ Billion), 2011-2015 Table 12: Japanese Personal Accident and Health Insurance - Paid Claims (JPY Trillion and US$ Billion), 2015-2020 Table 13: Japanese Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015 Table 14: Japanese Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020 Table 15: Japanese Personal Accident and Health Insurance - Total Assets (JPY Trillion and US$ Billion), 2011-2015 Table 16: Japanese Personal Accident and Health Insurance - Total Assets (JPY Trillion and US$ Billion), 2015-2020 Table 17: Japanese Personal Accident and Health Insurance - Total Investment Income (JPY Trillion and US$ Billion), 2011-2015 Table 18: Japanese Personal Accident and Health Insurance - Total Investment Income (JPY Trillion and US$ Billion), 2015-2020 Table 19: Japanese Personal Accident and Health Insurance - Investment Portfolio (JPY Trillion), 2011-2015 Table 20: Japanese Personal Accident and Health Insurance - Investment Portfolio (JPY Trillion), 2015-2020 Table 21: Japanese Personal Accident and Health Insurance - Direct Written Premium by Category (JPY Trillion), 2011-2015 Table 22: Japanese Personal Accident and Health Insurance - Direct Written Premium by Category (JPY Trillion), 2015-2020 Table 23: Japanese Personal Accident Insurance - Direct Written Premium (JPY Trillion and US$ Billion), 2011-2015 Table 24: Japanese Personal Accident Insurance - Direct Written Premium (JPY Trillion and US$ Billion), 2015-2020 Table 25: Japanese Personal Accident Insurance - Number of Policies Sold (Million), 2011-2015 Table 26: Japanese Personal Accident Insurance - Number of Policies Sold (Million), 2015-2020 Table 27: Japanese Personal Accident Insurance - Paid Claims (JPY Trillion and US$ Billion), 2011-2015 Table 28: Japanese Personal Accident Insurance - Paid Claims (JPY Trillion and US$ Billion), 2015-2020 Table 29: Japanese Personal Accident Insurance - Loss Ratio (%), 2011-2015 Table 30: Japanese Personal Accident Insurance - Loss Ratio (%), 2015-2020 Table 31: Japanese Health Insurance - Direct Written Premium (JPY Trillion), 2011-2015 Table 32: Japanese Health Insurance - Direct Written Premium by Sub-Category (JPY Billion), 2015-2020 Table 33: Japanese Health Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015 Table 34: Japanese Health Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020 Table 35: Japanese Health Insurance - Paid Claims (JPY Trillion and US$ Billion), 2011-2015 Table 36: Japanese Health Insurance - Paid Claims (JPY Trillion and US$ Billion), 2015-2020 Table 37: Japanese Health Insurance - Loss Ratio (%), 2011-2015 Table 38: Japanese Health Insurance - Loss Ratio (%), 2015-2020 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, 2011-2015 Table 54: Japanese Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020 Table 55: Japanese Personal Accident and Health Insurance - Claims and Expenses, 2011-2015 Table 56: Japanese Personal Accident and Health Insurance - Claims and Expenses, 2015-2020 Table 57: Japanese Personal Accident and Health Insurance - Assets and Investments, 2011-2015 Table 58: Japanese Personal Accident and Health Insurance - Assets and Investments, 2015-2020 Table 59: Japanese Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015 Table 60: Japanese Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020 Table 61: Japanese Personal Accident and Health Insurance - Health Insurance, 2011-2015 Table 62: Japanese Personal Accident and Health Insurance - Health Insurance, 2015-2020 Table 63: Japanese Personal Accident and Health Insurance - Health by Product, 2011-2015 Table 64: Japanese Personal Accident and Health Insurance - Health by Product, 2015-2020 Table 65: Insurance Industry Definitions



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