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Japanese insurance market: turnover by non-life class of business
Figures in millions USD
| Classes of business | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 shares |
|---|---|---|---|---|---|---|
| Motor | 47 746 | 46 123 | 41 465 | 38 166 | 33 155 | 50.57% |
| Fire | 15 799 | 16 119 | 14 536 | 14 542 | 12 357 | 18.85% |
| Personal accident | 9 102 | 7 343 | 7 190 | 6 748 | 5 871 | 8.96% |
| Marine | 2 648 | 2 485 | 2 535 | 2 701 | 2 373 | 3.62% |
| Other property risks | 14 359 | 15 250 | 13 575 | 12 936 | 11 801 | 18.00% |
| Total non-life | 89 654 | 87 320 | 79 301 | 75 093 | 65 557 | 100% |
Fiscal year to end March
Japanese insurance market: turnover by life class of business
Figures in millions USD
| Classes of business | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 shares |
|---|---|---|---|---|---|---|
| Individual life insurance | 218 373 | 198 561 | 182 827 | 196 952 | 185 781 | 74,91% |
| Individual annuities | 30 591 | 27 999 | 26 962 | 30 273 | 33 539 | 13,52% |
| Group annuities | 26 262 | 23 119 | 21 386 | 20 841 | 18 283 | 7,37% |
| Group life insurance | 9 697 | 9 714 | 8 962 | 8 392 | 7 536 | 3,04% |
| Other | 6 257 | 5 424 | 4 420 | 3 649 | 2 875 | 1,16% |
| Total life | 291 180 | 264 817 | 244 557 | 260 107 | 248 014 | 100% |
Fiscal year to end March
Japanese insurance market: premium evolution
Figures in millions USD
| Classes of business | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 shares |
|---|---|---|---|---|---|---|
| Life | 291 180 | 264 817 | 244 557 | 260 107 | 248 014 | 79.09% |
| Non-life | 89 654 | 87 320 | 79 301 | 75 093 | 65 557 | 20.91% |
| Total | 380 834 | 352 137 | 323 858 | 335 200 | 313 571 | 100% |
Fiscal year to end March
Exchange rate as at 31/03/2024 : 1 JPY = 0.00661 USD. au 31/03/2023 : 1 JPY = 0.00754 USD. au 31/03/2022 : 1 JPY = 0.0082 USD. au 31/03/2021 : 1 JPY = 0.00907 USD. au 31/03/2020 : 1 JPY = 0.00927 USD.
Read also | Insurance companies in Japan
