Boston, MA -- (SBWIRE) -- 01/07/2014 -- 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.

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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

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

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

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