TMCnet News
Japan Property & Casualty Insurance Market Outlook, 2019-2024 - ResearchAndMarkets.comThe "Japan Property & Casualty Insurance Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering. The Japanese property and casualty insurance industry is one of the largest industries in the world. Japanese property and casualty insurers also have very strong sublimits, which limit the amount of coverage available to cover a specific type of loss. Above forty-five property and casualty insurance companies currently operate in Japan. However, the market is actually an oligopoly of three large groups, known as the mega P&C insurance groups. The largest private property and casualty insurers in the country are Tokio Marine, Sompo Japan, a unit of NKSJ Holdings, and Mitsui Sumitomo and Aioi, part of MS & AD Insurance Group. Insurance agencies are the main sales channel and they account for 91.4% of net premiums written for the primary insurance business. Key Market Trends Growing Automobile Insurance Motor insurance demand is expected to decline in the long run due to the shrinking population and well developed public transportation system in Japan. The development of autonomous driving technologies will likely expand the demand for product liability insurance, telematics automobile products, as well as cyber protection. Property Insurance The types of property insurance in Japan are:
Competitive Landscape The report covers major international players operating in the Japanese property and casualty market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets. Key Topics Covered
1 Introduction
2 Research Methodology
3 Market Insights
4 Market Dynamics
5 Market Segmentation
6 Competitive Landscape 7 Investment Analysis 8 Future of the Market For more information about this report visit https://www.researchandmarkets.com/research/hq2b49/japan_property?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20190321005429/en/ |