The Japanese insurance industry has been suffering Demographic & Economic maturation. Namely, Low Birthrate and Aging Population have been causing serious problems. We will provide three pieces of information regarding those issues.

Demographic Statistic

The life expectancy in Japan is the highest in the world. But Japan has problems with the declining birth rate and aging population. Therefore, it is assumed that demands for insurance for older, for example medical, nursing and annuity increase.

Negative Spreads

The Bank of Japan adopted a negative interest rate policy in 2016. Industry has yet to find an appropriate response to the negative spread on interest rates. In the future, there can be a shift from savings and term product to medical products due to the aging population.

Latest life insurance industry statistics and Embedded value comparisons

We mention some information about major insurance companies in Japan.