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Personal Accident and Health Insurance in Japan, Key Trends and Opportunities to 2017 - New Market Report


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2013-12-19 09:46:23 - New Insurance research report from Timetric is now available from Fast Market Research

Japan has the world's oldest population, with people aged 65 years and above accounting for 25.0% of the total population at the end of April 2013. Japan operates a universal health cover system, and health insurance is mandatory for every individual in Japan. This has resulted in a rise in government welfare and healthcare expenditure in Japan. Healthcare expenditure as a percentage of GDP increased from 8.6% in 2008 to 9.8% in 2012. Increased demand for healthcare services and rising expenditure is driving demand for private insurance, and the written premium of personal accident and health insurance expanded at a CAGR of 4.5% from JPY2.3 trillion (US$22.3 billion) in 2008 to JPY2.8 trillion (US$34.5 billion) in 2012.

Key Highlights

* Japan

operates a universal health cover system and health insurance is mandatory for every individual in Japan
* Japanese healthcare expenditure continues to rise, as the aging population is leading to increased spending on advanced medical services
* The written premium of the personal accident and health segment increased at a CAGR of 4.5% during the review period
* Agencies were the largest channel, with a 67.0% share of the total commission for the distribution of personal accident and health insurance in 2012
* Health insurance, which accounted for a significant share in the Japanese personal accident and health insurance segment, is expected to remain positive over the forecast period

Full Report Details at
- www.fastmr.com/prod/755309_personal_accident_and_health_insuranc ..

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Japan:

* It provides historical values for Japan's personal accident and health insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key sub-segments in Japan's personal accident and health insurance segment, along with market forecasts until 2017
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
* It analyses the various distribution channels for personal accident and health insurance products in Japan
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Japan for the personal accident and health insurance segment
* It provides a detailed analysis of the reinsurance segment in Japan and its growth prospects
* It profiles the top personal accident and health insurance companies in Japan and outlines the key regulations affecting them

Reasons to Get this Report

* 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 within the Japanese personal accident and health insurance segment
* Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
* Identify the growth opportunities and market dynamics within key product categories
* Gain insights into key regulations governing the Japanese insurance segment and its impact on companies and the market's future

Companies Mentioned in this Report: Nippon Life Insurance Company, Dai-ichi Life Insurance Company, Meiji Yasuda Life Insurance Company, Sumitomo Life Insurance Company

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is This Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Personal Accident and Health Insurance Segment - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Personal accident and health insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Incurred losses per capita
4.3.3 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Bancassurance
4.4.3 Agencies
5 Japanese Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers
6 Personal Accident and Health Insurance Segment Outlook
6.1 Personal Accident and Health Insurance Growth Prospects by Category
6.1.1 Personal accident insurance
6.1.2 Travel insurance
6.1.3 Health insurance
7 Analysis by Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-Commerce
7.5 Brokers
7.6 Other Channels
8 Porter's Five Forces Analysis - Personal Accident and Health Insurance
8.1 Bargaining Power of Suppliers: Medium
8.2 Bargaining Power of Buyers: High
8.3 Barriers to Entry: Medium to High
8.4 Intensity of Rivalry: Medium to High
8.5 Threat of Substitutes: Low
9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008-2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation and Market Practice by Type of Insurance
10.2.1 Life insurance
10.2.2 Property insurance
10.2.3 Motor insurance
10.2.4 Marine, aviation and transit insurance
10.2.5 Personal accident and health insurance
10.3 Compulsory Insurance
10.3.1 Automobile liability insurance (CALI)
10.3.2 Workers' accident compensation insurance
10.3.3 Liability insurance for nuclear risks
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors
10.4.2 Financial Services Agency (FSA)

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=755309&dt=t

About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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