According to the research report “Japan Insurance Market Outlook to 2016 - Growing Importance of Annuity Insurance with Ageing Population” by Ken Research, the direct written premium of insurance in Japan is projected to rise at a CAGR of 9.6% in the next four years with the entrance of more foreign players in the country. The insurance market in Japan can be classified on the basis of life and non-life insurance. The life insurance is a contract between life insurer and the policyholder in which an insurer is bound to pay a defined sum of money upon the death of the insured person within a certain specified time period or on the maturity of life insurance policy. The non life insurance is also known as general insurance is used to provide coverage for business and individual from the financial loss resulting from certain events such as natural disaster, accident, fire, burglary, diseases and others. For more information on the industry research report please refer to the below mentioned link: http://www.kenresearch.com/banking-financial-services--insurance-bfsi-/insurance/364-93/Japan-Insurance-Market-Outlook-to-2016.html

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TABLE OF CONTENTS
1. Asia-Pacific Insurance Industry
1.1. Industry Introduction
1.2. Asia-Pacific Insurance Market Size by Direct Written Premium, 2005-2012P
1.3. Asia-Pacific Insurance Market Segmentation
1.3.1. By Geography, 2005-2012P
1.3.2. By Life and Non Life, 2005-2012P
2. Japan Insurance Industry
2.1. Japan Insurance Market Size by Direct Written Premium, FY’2005-FY’2012
3. Japan Insurance Government Regulations
4. Japan Insurance Industry Value Chain
5. Japan Life Insurance Market
5.1. Japan Life Insurance Market Size, FY’2005-FY’2012
5.2. Life Insurance Segmentation, FY’2005-FY’2012
5.3. Market Share of Major Life Insurers in Japan, FY’2012
5.4. Japan Life Insurance Market Future Outlook and Projection, FY’ 2013-FY’2016
6. Japan Non-Life Insurance Market
6.1. Japan Non-Life Insurance Market Size, FY’2005-FY’2012
6.2. Japan Non Life Distribution Channel, FY’2010-FY’2012
7. Non-Life Insurance Segmentation, FY’2005-FY’2012
7.1. Japan Automobile Insurance Industry
7.1.1. Japan Automobile Insurance Market Size, FY’2005-FY’2012
7.1.2. Automobile Insurance Segmentation, FY’2005-FY’2012

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7.1.3. Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry in
Japan, FY’2012
7.1.4. Japan Automobile Insurance Market Future Outlook and Projection, FY’2013-FY’2016
7.2. Japan Fire Insurance Industry
7.2.1. Japan Fire Insurance Market Size and Introduction, FY’2005-FY’2012
7.3.1. Market Share of Domestic and Foreign Insurers in Fire Insurance Industry in Japan,
FY’2012
7.3.2. Japan Fire Insurance Market Future Outlook and Projection, FY’2013-FY’2016
7.3. Japan Personal Accident Insurance Industry
7.3.1. Japan Personal Accident Insurance Market Size and Introduction, FY’2005-FY’2012
7.3.2. Market Share of Domestic and Foreign Insurers in Personal Accident Insurance Industry
in Japan, FY’2012
7.3.3. Japan Personal Accident Insurance Market Future Outlook and Projection, FY’2013-
FY’2016
7.4. Japan Marine and Inland Transit Insurance Industry
7.4.1. Japan Marine and Inland Transit Insurance Market Size and Introduction, FY’2005-
FY’2012
7.4.2. Marine and Inland Transit Insurance Segmentation, FY’2005-FY’2012
7.4.3. Market Share of Domestic and Foreign Insurers in Marine and Inland Transit Insurance
Industry in Japan, FY’2012
7.4.4. Japan Marine and Inland Transit Insurance Market Future Outlook and Projection,
FY’2013-FY’2016
7.5. Japan Miscellaneous Casualty Insurance Industry
7.5.1. Japan Miscellaneous Casualty Insurance Market Size and Introduction, FY’2005-
FY’2012
7.5.2. Miscellaneous Casualty Insurance Segmentation, FY’2005-FY’2012
7.5.3. Market Share of Domestic and Foreign Insuerers in Miscellaneous Casualty Insurance
Industry in Japan, FY’2012

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7.5.4. Japan Miscellaneous Casualty Insurance Market Future Outlook and Projection,
FY’2013-FY’2016
8. Japan Non-Life Insurance Market Future Outlook and Projection, FY’2013-FY’2016
9. Japan Insurance Industry Trends and Developments
10. Asia-Pacific Insurance Industry Future Outlook
10.1. Asia-Pacific Insurance Industry Future Projections
10.1.1. By Geography, 2013-2016
11. Japan Insurance Industry Future Outlook and Projections, FY’2013-FY’2016
11.1. Cause and Effect Relationship Between Dependent and Independent Factors Prevailing in
Japan Insurance Market
12. Company Profile of Major Players in Japan Life Insurance Industry
12.1. Japan Post Insurance
12.1.1. Company Profile
12.1.2. Business Strategies
12.1.3. Financial Performance
12.2. Nippon Life Insurance
12.2.1. Company Overview
12.2.2. Business Strategies
12.2.3. Financial Performance
12.3. Meiji Yasuda Life Insurance
12.3.1. Company Overview
12.3.2. Business Strategies
12.3.3. Financial Performance
13. Company Profile of Major Players in Japan Non-Life Insurance Industry
13.1. MS&AD Insurance

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13.1.1. Company Overview
13.1.2. Business Strategies
13.1.3. Financial Performance
13.2. NKSJ Holdings
13.2.1. Company Overview
13.2.2. Business Strategies
13.2.3. Financial Performance
13.3. Tokio Marine and Nichido Fire
13.3.1. Company Overview
13.3.2. Business Strategies
13.3.3. Financial Performance
14. Japan Insurance Industry Macro-Economic Indicators: Historical and Projections
14.1. Japan Population, 2005-2016
14.2. GDP of Japan, 2005-2016
14.3. Healthcare Expenditure of Japan, 2005-2016
14.4. Total Vehicle in Use in Japan, 2005-2016
15. Appendix
15.1. Market Definitions
15.2. Abbreviations
15.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model

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Final Conclusion
15.4. Disclaimer

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LIST OF FIGURES
Figure 1: Asia-Pacific Insurance Market Size on the Basis of Direct Written Premium in USD
Million, 2005-2012P
Figure 2: Asia-Pacific Insurance Market Segmentation by Life and non Life on the Basis of
Direct Written Premium in Percentage, 2005-2012P
Figure 3: Japan Insurance Market Size on the Basis of Direct Written Premium in USD Million,
FY’2005-FY’2012
Figure 4: Insurance Value Chain
Figure 5: Japan Life Insurance Market Size on the Basis of Direct Written Premium in USD
Million, FY’2005-FY’2012
Figure 6: Japan life Insurance Market Segmentation by Individual Insurance and Annuities,
Group Insurance and Annuities and Others on the Basis of Direct Written Premium in
Percentage, FY’2005-FY’2012
Figure 7: Market Share of Major Life Insurers on the Basis of Direct Written Premium in
Percentage, FY’2012
Figure 8: Japan Life Insurance Market Projections on the Basis of Direct Written Premium in
USD Million, FY’2013-FY’2016
Figure 9: Japan Non Life Insurance Market Size on the Basis of Direct Written Premium in USD
Million, FY’2005-FY’2012
Figure 10: Japan Non life Insurance Distribution Channel by Agents, Direct Sales and Broker on
the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012
Figure 11: Japan Non life Insurance Market Segmentation by Automobile, Fire, Personal
Accident, Miscellaneous Casualty, Marine and Inland Transit on the Basis of Direct Written
Premium in Percentage, 2005-2012
Figure 12: Japan Automobile Insurance Market Size on the Basis of Direct Written Premium in
USD Million, FY’2005-FY’2012
Figure 13: Japan Automobile Insurance Market Size on the Basis of Net Written Premium in
USD Million, FY’2005-FY’2012

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Figure 14: Japan Automobile Insurance Market Segmentation by Voluntary Automobile, and
Compulsory Automobile Liability on the Basis of Direct Written Premium in Percentage, 2005-
2012
Figure 15: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry on
the Basis owithDirect Written Premium in Percentage, FY’2012
Figure 16: Japan Fire Insurance Market Size on the Basis of Direct Written Premium in USD
Million, FY’2005-FY’2012
Figure 17: Japan Fire Insurance Market Size on the Basis of Net Written Premium in USD
Million, 2005-2012
Figure 18: Market Share of Domestic and Foreign Insurers in Fire Insurance Industry on the
Basis of Direct Written Premium in Percentage, FY’2012
Figure 19: Japan Fire Insurance Market Projections on the Basis of Direct Written Premium in
USD Million, FY’2013-FY’2016
Figure 20: Japan Personal Accident Insurance Market Size on the Basis of Direct Written
Premium in USD Million, FY’2005-FY’2012
Figure 21: Japan Personal Accident Insurance Market Size on the Basis of Net Written Premium
in USD Million, FY’2005-FY’2012
Figure 22: Market Share of Domestic and Foreign Insurers in Personal Accident Insurance
Industry on the Basis of Direct Written Premium in Percentage, FY’2012
Figure 23: Japan Personal Accident Insurance Market Projections on the Basis of Direct Written
Premium in USD Million, FY’2013-FY’2016
Figure 24: Japan Marine and Inland Transit Insurance Market Size on the Basis of Direct Written
Premium in USD Million, FY’2005-FY’2012
Figure 25: Japan Marine and Inland Transit Insurance Market Size on the Basis of Net Written
Premium in USD Million, FY’2005-FY’2012
Figure 26: Japan Marine and Inland Transit Insurance Market Segmentation by Marine Cargo
and Hull and Inland Transit Insurance on the Basis of Direct Written Premium in Percentage,
FY’2005-FY’2012
Figure 27: Market Share of Domestic and Foreign Insurers in Marine and Inland Transit
Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2012

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Figure 28: Japan Miscellaneous Casualty Insurance Market Size on the Basis of Direct Written
Premium in USD Million, FY’2005-FY’2012
Figure 29: Japan Miscellaneous Casualty Insurance Market Size on the Basis of Net Written
Premium in USD Million, FY’2005-FY’2012
Figure 30: Market Share of Domestic and Foreign Insurers in Miscellaneous Casualty Insurance
Industry on the Basis of Direct Written Premium in Percentage, FY’201
Figure 31: Japan Miscellaneous Casualty Insurance Market Projections on the Basis of Direct
Written Premium in USD Million, FY’2013-FY’2016
Figure 32: Japan Non life Insurance Market Projections on the Basis of Direct Written Premium
in USD Million, FY’2013-FY’2016
Figure 33: Japan Insurance Market Projections on the Basis of Direct Written Premium in USD
Million, 2013-2016
Figure 34: Japan Life Insurance Premium Income of Japan Post Insurance in USD Million,
FY’2008-FY’2012
Figure 35: Japan Life Insurance Premium Income of Nippon Life Insurance in USD Million,
FY’2005-FY’2012
Figure 36: Japan Life Insurance Premium Income of Meiji Yasuda Life Insurance in USD
Million, FY’2005-FY’2012
Figure 37: Japan Life Insurance Net Premium Written of MS&AD Insurance in USD Million,
FY’2008-FY’2012
Figure 38: Japan Life Insurance Net Written Premium of NSJK Holdings Insurance in USD
Million, FY’2010-FY’2012
Figure 39: Japan Non-Life Insurance Net Written Premium of Tokio Marine and Nichido Fire
Insurance in USD Million, FY’2005-FY’2012
Figure 40: Japan Population in Million, 2005-s2016
Figure 41: GDP of Japan in USD Million, 2005-2016
Figure 42: Healthcare Expenditure of Japan in USD Million, 2005-2016
Figure 43: Total Vehicle in Use in Japan in Million, 2005-2016

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LIST OF TABLES
Table 1: Asia-Pacific Insurance Market Segmentation by Countries on the Basis of Direct
Written Premium in USD Billion, 2005-2012P
Table 2: Asia-Pacific Insurance Market Segmentation by Life and Non Life on the Basis of
Direct Written Premium in USD Billion, 2005-2012P
Table 3: Japan life Insurance Market Segmentation by Individual Insurance and Annuities,
Group Insurance and Annuities and Others on the Basis of Direct Written Premium in USD
Million, FY’2005-FY’2012
Table 4: Market Share of Major Life Insurers on the Basis of Direct Written Premium in USD
Million, FY’2012
Table 5: Japan Non life Insurance Market Segmentation by Agents, Direct Sales and Broker on
the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012
Table 6: Japan Automobile Insurance Market Segmentation by Voluntary Automobile, and
Compulsory Automobile Liability on the Basis of Direct Written Premium in USD Million,
FY’2005-FY’2012
Table 7: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry on
the Basis of Direct Written Premium in USD Million, FY’2012
Table 8: Japan Automobile Insurance Market Projections on the Basis of Direct Written
Premium in USD Million, 2013-2016
Table 9: Market Share of Domestic and Foreign Insurers in Fire Insurance Industry on the Basis
of Direct Written Premium in USD Million, FY’2012
Table 10: Market Share of Domestic and Foreign Insurers in Personal Accident Insurance
Industry on the Basis of Direct Written Premium in USD Million, FY’2012
Table 11: Japan Marine and Inland Transit Insurance Market Segmentation by Marine Cargo and
Hull and Inland Transit Insurance on the Basis of Direct Written Premium in USD Million,
FY’2005-FY’2012
Table 12: Market Share of Domestic and Foreign Insurers in Marine and Inland Transit
Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2012
Table 13: Japan Marine and Inland Transit Insurance Market Projections on the Basis of Direct
Written Premium in USD Million, FY’2013-FY’2016

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Table 14: Japan Miscellaneous Casualty Insurance Market Segmentation on the Basis of Direct
Written Premium in Percentage, FY’2005-FY’2012
Table 15: Japan Miscellaneous Casualty Insurance Market Segmentation on the Basis of Direct
Written Premium in USD Million, FY’2005-FY’2012
Table 16: Market Share of Domestic and Foreign Insurers in Miscellaneous Casualty Insurance
Industry on the Basis of Direct Written Premium in USD Million, FY’2012
Table 17: Asia-Pacific Insurance Market Projections by Countries on the Basis of Direct Written
Premium in USD Million, 2013-2016
Table 18: Cause and Effect Relationship Analysis between Industry Factors and Expected
Industry Prospects of Japan Insurance Market
Table 19: Correlation Matrix of the Japan Insurance Industry
Table 20: Regression Coefficients Output of Japan Insurance Industry

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ASIA-PACIFIC INSURANCE MARKET SIZE BY DIRECT WRITTEN
PREMIUM, 2005-2012P
The insurance market in Asia-Pacific region has grown remarkably over the past few years due
to the growth in the emerging market such as China, Japan, India, Australia, Taiwan and South
Korea. The countries in the Asia-Pacific region are at different stages of economic development
unlike the European countries and the US which has created significant opportunities for the
insurers in the region in order to serve the financial needs of the customers. The market in the
region has grown at a CAGR of 11.9% from USD ~ million in 2005 to USD ~million in 2012…
Figure: Asia-Pacific Insurance Market Size on the Basis of Direct Written Premium in
USD Million, 2005-2012P
0.0
2,00,000.0
4,00,000.0
6,00,000.0
8,00,000.0
10,00,000.0
12,00,000.0
14,00,000.0
16,00,000.0
2005 2006 2007 2008 2009 2010 2011 2012P
USDMillion

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China insurance industry is one of
the predominant markets in the
insurance industry in the Asia-
Pacific region with a contribution
of ~% of the direct written
premium in the region in 2012.
ASIA-PACIFIC INSURANCE MARKET SEGMENTATION
BY GEOGRAPHY, 2005-2012P
Asia-Pacific insurance industry is majorly contributed by 6 major countries such as Japan, China,
South Korea, Taiwan, India and Australia with the share of ~% in 2012. Japan insurance market
is the second largest in the world with the contribution of
more than ~% in 2012…. China insurance industry is one
of the predominant markets in the insurance industry in the
Asia-Pacific region with a contribution of ~% of the direct
written premium in the region in 2012…
South Korea is the third largest market with a contribution
of ~% in 2012. The country insurance sector is more
complicated with limited growth opportunities in comparison with the growing market in the
region such as China and India…
Table: Asia-Pacific Insurance Market Segmentation by Countries on the Basis of Direct
Written Premium in USD Billion, 2005-2012P
Countries 2005 2006 2007 2008 2009 2010 2011 2012P
Japan
China
South
Korea
Taiwan
India
Australia
Hong
Kong
Singapore
Thailand
Malaysia
Indonesia

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Japan insurance industry is the
second largest market in the world
after the US and has experienced
a direct written premium of USD ~
million in FY’2012
New
Zealand
Philippines
Vietnam
Pakistan
Kazakhstan
Bangladesh
Sri Lanka
Total
JAPAN INSURANCE INDUSTRY
JAPAN INSURANCE MARKET SIZE BY DIRECT WRITTEN PREMIUM,
FY’2005-FY’2012
Japan insurance industry is the second largest market in the world after the US. The country’s
insurance market has increased at a CAGR of 10.4% from FY’2005-FY’2012 with the direct
written premium of USD ~ million in FY’2012 in
comparison to USD ~ million in FY’2005… The
insurance companies in Japan has experienced an
increase of 2% in assets to JPY ~ million in FY’2012 in
comparison to JPY ~ million in FY’2011 due to surge in
unrealized capital gains which has inclined the value of investment assets.
…In FY’2011, the country insurance market comprised of only ~ life insurance companies in
comparison to ~ life insurers in the US. The non life insurance industry of the country consisted
of ~ domestic players and ~ foreign insurers offering their products in FY’2011…

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Japan insurance industry is the
second largest market in the world
after the US and has experienced
a direct written premium of USD ~
million in FY’2012
Figure: Japan Insurance Market Size on the Basis of Direct Written Premium in USD
Million, FY’2005-FY’2012
Note:
FY ending- 31st
March
Life Insurance is in Premium Income
Non-Life Insurance is in Direct Written Premium
JAPAN INSURANCE INDUSTRY
JAPAN INSURANCE MARKET SIZE BY DIRECT WRITTEN
PREMIUM, FY’2005-FY’2012
Japan insurance industry is the second largest market in the world after the US. The country’s
insurance market has increased at a CAGR of 10.4% from FY’2005-FY’2012 with the direct
written premium of USD ~ million in FY’2012 in
comparison to USD ~ million in FY’2005… The
insurance companies in Japan has experienced an
increase of 2% in assets to JPY ~ million in FY’2012 in
comparison to JPY ~ million in FY’2011 due to surge in
0.0
1,00,000.0
2,00,000.0
3,00,000.0
4,00,000.0
5,00,000.0
6,00,000.0
7,00,000.0
FY'2005 FY'2006 FY'2007 FY'2008 FY'2009 FY'2010 FY'2011 FY'2012
USDMillion

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unrealized capital gains which has inclined the value of investment assets.
…In FY’2011, the country insurance market comprised of only ~ life insurance companies in
comparison to ~ life insurers in the US. The non life insurance industry of the country consisted
of ~ domestic players and ~ foreign insurers offering their products in FY’2011…
Figure: Japan Insurance Market Size on the Basis of Direct Written Premium in USD
Million, FY’2005-FY’2012
Note:
FY ending- 31st
March
Life Insurance is in Premium Income
Non-Life Insurance is in Direct Written Premium
JAPAN LIFE INSURANCE MARKET
LIFE INSURANCE SEGMENTATION, FY’2005-FY’2012
Japan insurance market has been dominated by individual insurance with the contribution of ~%
in FY’2012. The individual insurance market has witnessed an increase of ~% from USD ~
million in FY’2011 to USD ~ million in FY’2012…. In FY’2011, ~% of the direct written
0.0
1,00,000.0
2,00,000.0
3,00,000.0
4,00,000.0
5,00,000.0
6,00,000.0
7,00,000.0
FY'2005 FY'2006 FY'2007 FY'2008 FY'2009 FY'2010 FY'2011 FY'2012
USDMillion

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premium is generated from whole life insurance policy, ~% is contributed from endowment life
insurance plan, ~% is produced from cancer insurance, ~% from term insurance plan, ~% from
juvenile insurance and rest is contributed from other type of insurance.
Individual annuity is the second largest market with the contribution of ~% in FY’2012. The
market has experienced a decline from USD ~ million in FY’2011 to USD ~ million in FY’2012
on account of sales restrictions on variable individual annuities by some life insurers of the
country….
Group insurance contributed around ~% in FY’2012 with the direct written premium of USD ~
million in FY’2012. The number of contracts in group insurance business in force has decreased
from ~ million units in FY’2005 to ~ million units in FY’2011 due to the switched from
traditional group term insurance to general welfare group term insurance plan.
Figure: Japan life Insurance Market Segmentation by Individual Insurance and Annuities,
Group Insurance and Annuities and Others on the Basis of Direct Written Premium in
Percentage, FY’2005-FY’2012
Note: FY ending- 31st
March; Life Insurance is in Premium Income
0.0
0.2
0.4
0.6
0.8
1.0
1.2
FY'2005 FY'2006 FY'2007 FY'2008 FY'2009 FY'2010 FY'2011 FY'2012
InPercentage
Others Group Insurance Group Annuities Individual Annuities Individual Insurance

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Table: Japan life Insurance Market Segmentation by Individual Insurance and Annuities,
Group Insurance and Annuities and Others on the Basis of Direct Written Premium in
USD Million, FY’2005-FY’2012
Segments FY’2005 FY’2006 FY’2007 FY’2008 FY’2009 FY’2010 FY’2011 FY’2012
Individual
Insurance
Individual
Annuities
Group
Annuities
Group
Insurance
Others
Total
Note: FY ending- 31st
March;Life Insurance is in Premium Income
JAPAN NON-LIFE INSURANCE MARKET
JAPAN NON LIFE DISTRIBUTION CHANNEL, FY’2010-FY’2012
…The agents are the main channel in non life insurance distribution in Japan with the
contribution of ~% in FY2012... In FY’2012 there are ~ agents are employed out of which ~
agents are full time and rest ~ agents are part time.
The direct sales stand second in the list of the distribution channel with the share of ~% and
number of sales staff are ~ in FY’2012… The broker segment in Japan non life insurance
distribution channel contributes a marginal share of ~% in FY’2012…

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Figure: Japan Non life Insurance Distribution Channel by Agents, Direct Sales and Broker
on the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012
Note: FY ending- 31st
March
Table: Japan Non life Insurance Market Segmentation by Agents, Direct Sales and Broker
on the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012
Channel FY’2010 FY’2011 FY’2012
Agents
Direct Sales
Broker
Total
Note: FY ending- 31st
March
88.0%
90.0%
92.0%
94.0%
96.0%
98.0%
100.0%
FY'2010 FY'2011 FY'2012
InPercentage%
Broker Direct Sales Agents

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JAPAN AUTOMOBILE INSURANCE INDUSTRY
MARKET SHARE OF DOMESTIC AND FOREIGN INSURERS IN
AUTOMOBILE INSURANCE INDUSTRY IN JAPAN, FY’2012
The automobile insurance industry in Japan is dominated by domestic insurers with the share of
~% and the direct written premium of USD ~ million in FY’2012. The major automobile
domestic insurance companies in the country are ACE insurance, Aioi Nissay Dowa Insurance,
AXA general insurance, E design insurance, Mitsui Direct general insurance company,
Nipponkoa Insurance, SAISON Automobile and Fire Insurance, SBI insurance, Secom general
insurance, Sony Assurance, Tokio Marine and Nichido fire and others…
Figure: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry
on the Basis of Direct Written Premium in Percentage, FY’2012
Note: FY ending- 31st
March
Domestic
Foreign

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Table: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry
on the Basis of Direct Written Premium in USD Million, FY’2012
Players FY’2012
Domestic Insurers
Foreign Insurers
Total
Note: FY ending- 31st
March
JAPAN PERSONAL ACCIDENT INSURANCE INDUSTRY
JAPAN PERSONAL ACCIDENT INSURANCE MARKET FUTURE
OUTLOOK AND PROJECTION, FY’2013-FY’2016
…In FY’2013, the direct written premium of personal accident insurance industry is expected to
increase to USD ~ million which is up by approximately ~% from FY’2012. This is due to an
occurrence of tsunami and earthquake in 2011 which has resulted into loss of around ~ lives in
the country. The occurrence of natural calamities in the country has encouraged the people to
secure their lives from unseen natural events.
Figure: Japan Personal Accident Insurance Market Projections on the Basis of Direct
Written Premium in USD Million, FY’2013-FY’2016
Note: FY ending- 31st
March
13,000.0
13,200.0
13,400.0
13,600.0
13,800.0
14,000.0
14,200.0
14,400.0
14,600.0
FY'2013 FY'2014 FY'2015 FY'2016
USDMillion

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JAPAN MARINE AND INLAND TRANSIT INSURANCE
INDUSTRY
MARINE AND INLAND TRANSIT INSURANCE SEGMENTATION,
FY’2005-FY’2012
…The marine cargo insurance segment is the largest contributor in marine and inland transit
insurance industry with the share of ~% and a direct written premium of USD ~ million in
FY’2012.
The marine hull insurance segment is the second largest market in Japan marine and inland
transit industry contributing around ~% in FY’2012. The marine hull insurance policy covers the
damage of the ship and its equipments such as furniture, machinery, tools, fuel and others. This
type of insurance is generally taken by the owner of the ship. In FY’2012, the inland transit
segment has contributed around ~% and a direct written premium of USD ~ million.
Figure: Japan Marine and Inland Transit Insurance Market Segmentation by Marine
Cargo and Hull and Inland Transit Insurance on the Basis of Direct Written Premium in
Percentage, FY’2005-FY’2012
Note: FY ending- 31st
March
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
FY'2005 FY'2006 FY'2007 FY'2008 FY'2009 FY'2010 FY'2011 FY'2012
InPercentage%
InlandTransit Marine Hull Marine Cargo

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Table: Japan Marine and Inland Transit Insurance Market Segmentation by Marine
Cargo and Hull and Inland Transit Insurance on the Basis of Direct Written Premium in
USD Million, FY’2005-FY’2012
Segments FY’2005 FY’2006 FY’2007 FY’2008 FY’2009 FY’2010 FY’2011 FY’2012
Marine
Cargo
Marine
Hull
Inland
Transit
Total
Note: FY ending- 31st
March
ASIA-PACIFIC INSURANCE INDUSTRY FUTURE
OUTLOOK
….Overall, the market of the Asia-Pacific insurance is expected to grow at a CAGR of ~% from
2013-2016. The market in the near future is expected to witness consolidation and higher
competition level with the entrance of more global players in the market…
ASIA-PACIFIC INSURANCE INDUSTRY FUTURE PROJECTIONS
BY GEOGRAPHY, 2013-2016
The Asia-Pacific Insurance industry is expected to grow at a CAGR of 11.2% from 2013-2016
on account of rising population in the emerging market of Asia such as India and China. It is
anticipated that the total direct written premium of the insurance products will increase to USD ~
million in 2016 from USD ~ million in 2012…

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Table: Asia-Pacific Insurance Market Projections by Countries on the Basis of Direct
Written Premium in USD Million, 2013-2016
Countries 2013 2014 2015 2016
Japan
China
South Korea
Taiwan
India
Australia
Hong Kong
Singapore
Thailand
Malaysia
Indonesia
New Zealand
Philippines
Vietnam
Pakistan
Kazakhstan
Bangladesh
Sri Lanka
Total

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JAPAN INSURANCE INDUSTRY FUTURE OUTLOOK AND
PROJECTIONS, FY’2013-FY’2016
…The worst case scenario assumes ….The direct written premium of Japan insurance industry is
expected to be USD ~ million in FY’2013 and will reach USD ~ million in FY’2016.
The best case scenario anticipates…. The market is expected to grow at a CAGR of 11.5% in the
next years and is projected to record direct written premium of USD ~ million in FY’2016.
Figure 1: Japan Insurance Market Projections on the Basis of Direct Written Premium in
USD Million, 2013-2016
Note: FY ending- 31st
March
0.0
2,00,000.0
4,00,000.0
6,00,000.0
8,00,000.0
10,00,000.0
12,00,000.0
FY'2013 FY'2014 FY'2015 FY'2016
Worst Case Base Case Best Case

26. 26
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CAUSE AND EFFECT RELATIONSHIP BETWEEN DEPENDENT AND
INDEPENDENT FACTORS PREVAILING IN JAPAN INSURANCE
MARKET
Table: Cause and Effect Relationship Analysis between Industry Factors and Expected
Industry Prospects of Japan Insurance Market
Industry Factors Market Impact Comments
Strict Government
Regulations and
Support
 Cause:
 Positive Effect:
Ageing
Population  Cause:
 Effect:
Increasing
Consumer
Spending
 Cause:
 Effect:
Increasing number
of catastrophe
events
 Cause:
 Positive Effect:
 Negative Effect:
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