Japanese Insurance Industry

Table of Contents

1. Industry Review

• Japan - A Leading Insurance Market Worldwide
• Table 1: Japanese Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life and Non- Life Markets Independently Analyzed with Annual Premiums in US$ Billion for Fiscal Years 2005 through 2010 (includes corresponding Graph/Chart)
• Table 2: Japanese 6-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premiums for Life and Non-Life Markets for 2005, 2008, and 2010 (includes corresponding Graph/Chart)
• Table 3: Japanese Insurance Industry (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life and Non-Life
• Japanese Insurance Industry - An Overview
• Non-Payment Issues Hit the Japanese Life Insurance Industry
• Foreigners Reign...
• IT Spend - An Ascent to Efficiency
• Table 4: Japanese Insurance Industry (2005-2010): Total Insurance IT Expenditure in US$ Billion For Life and Non- Life Insurance (includes corresponding Graph/Chart)
• Amendments to IBL: A Review
• De Mutualizing of Insurance Companies: Demoralizing Consumer Interests?
• Japanese Insurance Industry: Developments in the Recent Past
• Japan' s Favoritism to Kampo Met with Hot Opposition
• Sluggish Japanese Economy Lags Growth in the Insurance Market - A Late 90' s Scenario
• Deregulation of the Insurance Industry: Flagged off in the Year 1996
• Deregulation Shakes Up the Laxity in the Market

2. Japan' s Insurance Sector: A Mid 90' s Review

• Slow Claims Paying Method: Performance Restraint of the 90' s
• Leading Japanese Insurers Worldwide - Mid 90s (Assets in Y Billion)
• Japan in Comparison with Other Leaders (Based on General Premium Income)
• Japanese Non-Bank Financial Firms Among the 1,000 Largest Companies Worldwide
• Estimated Problem Loans of Japanese Financial } Institutions: Mid-90s (Y Trillion)
• Table 5: Problem Loans for Japanese Financial Institutions - A Mid 90' s Scenario (includes corresponding Graph/Chart)

3. Review of Major Insurance Sectors

3a. Life Insurance

• Recovery: Hope or Hype?
• Challenges Facing Japanese Life Insurance Sector
• Foreign Players Eye the Takeover of Domestic Life Insurers...
• Deregulation Shakes the Market Lull
• Table 6: Japanese Life Insurance Market (FY2005- FY2007E): Percentage Breakdown of Total Premium Income by Category for Individual Insurance, Individual Annuity, Group Insurance, Group Annuity, and Others (includes corresponding Graph/Chart)
• Table 7: Japanese Life Insurance Industry (FY2000- FY2006): Total Assets By Value in Y Billion (includes corresponding Graph/Chart)
• Table 8: Japanese Life Insurance Industry (FY2005 & FY2006): Total Business in Force (In Y Billion) by Individual Insurance, Individual Annuity, Group Insurance, and Group Annuity (includes corresponding Graph/Chart)
• Table 9: Japanese Business in Force Life Insurance Market (2004): Percentage Breakdown of Insurance Policy Types By Number and Value for Whole Life, Whole Life-with-Term, Adjustable Interest Rate Funding Whole Life, Term, Endowment, Endowment- with-Term, Variable, and Others (includes corresponding Graph/Chart)
• Table 10: Japanese Life Insurance Industry (2000 - 2004 Historic Data):Total New Business (In Y Billion) By Individual Insurance, Individual Annuity, and Group Insurance (includes corresponding Graph/Chart)
• Table 11: Japanese New Business Life Insurance Market (2004): Percentage Breakdown of Insurance Policy Types By Number and Value for Whole Life, Whole Life-with-Term, Adjustable Interest Rate Funding Whole Life, Term, Endowment, Endowment-with- Term, Variable, and Others (includes corresponding Graph/Chart)
• Table 12: Japanese Life Insurance Industry (FY2005 & FY2006): Total Payments in Y Billion by Benefits, Annuity, Repayments, and Others (includes corresponding Graph/Chart)
• Table 13: Japanese Life Insurance Industry (2001-2004): Total Payments in Y Billion By Benefits, Annuity, Repayments, and Others (includes corresponding Graph/Chart)
• Structure of the Life Insurance Industry
• 2002-2003: Market Leaders
• Table 14: Japanese Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Nippon, Dai-ichi, Meiji Yasuda, Sumitomo, ALICO Japan, Daido, Mitsui, American Family, Taiyo, and Fukoku (includes corresponding Graph/Chart)
• Table 15: Top-Five Players in the Japanese Life Insurance Market (2002) - Gross Written Premiums in US$ Million for Nippon, Dai-Ichi, Sumitomo, Meiji, and Yasuda (includes corresponding Graph/Chart)

3b. Health Insurance

• Personal Health Insurance is the Mainstay...
• Medical Insurance - A Sunrise Opportunity?
• Medical Expenditure: Spiraling Up...
• Medical Expenditures in Japan: 2000 - 2025
• Table 16: Health Insurance Market Size in Japan (*): 2000 & 2005 (Y Trillion) (includes corresponding Graph/Chart)
• High-Risk Medicare Boosts Private Medical Insurance
• Table 17: Rising Popularity of Disease Specific Riders in Japan (2003-2004) (includes corresponding Graph/Chart)

3c. General/Non-Life Insurance

• Market Overview
• Table 18: Japanese General Insurance Industry (FY2005- FY2007E): Percentage Breakdown of Direct Premiums by Category for Automobile (Voluntary), Fire, Personal Accident, Automobile (Compulsory), and Miscellaneous (includes corresponding Graph/Chart)
• Table 19: Japanese General Insurance Industry (FY2005- FY2007E): Percentage Breakdown of Net Premiums by Category for Automobile (Voluntary), Automobile (Compulsory), Fire, Personal Accident, and Miscellaneous (includes corresponding Graph/Chart)
• Table 20: Japanese General/Non-Life Insurance Companies - Key Statistics (FY2005)
• Table 21: Japanese Market for General/Non-Life Insurance (2005): Direct Claims in Billion Yen, and Percentage Breakdown by Business Segment - Compulsory Automobile Liability, Fire, Marine & Inland Transit, Personal Accident, Voluntary Automobile, and Miscellaneous Casualty (includes corresponding Graph/Chart)
• Table 22: Japanese Market for General/Non-Life Insurance (2004): Percentage Value Breakdown of Net Premium by Segment - Auto (Compulsory, Voluntary), Fire, Miscellaneous Casualty, Personal Accident and Marine & Inland Transit (includes corresponding Graph/Chart)
• Tokio Leads the Pack
• Table 23: Leading Players in Japanese Non-Life Insurance Market (2004): Percentage Market Share by Company - Aioi Insurance, Fuji Fire & Marine, Kyoei, Mitsui Sumitomo, Nipponkoa, Nissay Dowa, Nisshin Fire & Marine, Sompo Japan, Tokio Marine Nichido, and Others(includes corresponding Graph/Chart)
• Table 24: Japanese Non-Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Tokio, Mitsui Sumitomo, Sompo Japan, Aioi, Nippon Koa, Nichido, Nissay Dowa, Fuji, AIU, and Kyoei (includes corresponding Graph/Chart)
• Classification of Foreign Non-Life Insurance Firms
• Investment Framework
• Distribution
• Table 25: Japanese General/Non-Life Insurance Market (2005): Percentage Breakdown of Direct Premium Generation by Distribution Channel - Agents, Brokers, and Direct Distribution(includes corresponding Graph/Chart)
• Table 26: Japanese General/Non-Life Insurance Market: Total Direct Premiums Collected by Distribution Channel (2001-2002) in Million Yen
• Automobile Insurance in Japan
• Property Insurance
• Fire Insurance
• Personal Accident Insurance
• Catastrophe Insurance
• Disaster Claims: Running Heavy on the Industry...
• Table 27: Catastrophe Insurance Market in Japan: Disaster Claims Paid in Million Yen for 2005
• Earthquake Insurance
• Table 28: Japanese General/Non-Life Insurance Market: Claims Paid under Earthquake Insurance on Dwelling Risks (In Billion Yen) (includes corresponding Graph/Chart)
• Division of Earthquake Insurance...
• Residential Risks
• Industrial risks
• Effect of Kobe Earthquake...
• Other Insurance Sectors
• "Third Sector" in Japan
• Savings Type Insurance Market

3d. Pet Insurance

3e. Reinsurance

• Table 29: Japanese Reinsurance Industry: Leading Catastrophic Losses Caused by Floods or Windstorm During 1955-2004 By Number of Casualties and Property Damaged (In Million) (includes corresponding Graph/Chart)
• Table 30: Japanese Reinsurance Market: Top Ten Earthquake Losses During 1955-2004 By Number of Casualties and Property Damaged (includes corresponding Graph/Chart)
• Table 31: Japanese Reinsurance Market: Leading Disasters by Total Claims Paid in Y Billion for Fire, Automobile, and Marine Sectors (1990-2004) (includes corresponding Graph/Chart)
• Table 32: Japanese Reinsurance Market: Leading Earthquakes by Total Claims Paid in Y Billion (1990-2004) (includes corresponding Graph/Chart)

4. Facts & Figures - A Snapshot of the Japanese Insurance Industry in Recent Past

• Table 33: Top-Five Players in the Japanese Non-Life Insurance Market (2002) - Gross Written Premiums in US$ Million for Tokio Marine, Sompo Japan, Mitsui Sumitomo, NipponKoa, and Aioi (includes corresponding Graph/Chart)
• Table 34: Japanese General/Non-Life Insurance Companies - Key Statistics (2002)
• Table 35: Japanese General/Non-Life Insurance Market: Net Premiums by Category (2001-2002) in Million Yen (includes corresponding Graph/Chart)
• Table 36: Japanese General/Non-Life Insurance Market: Total Direct Premiums of Foreign General Insurance Firms by Category (2001-2002) in Million Yen (includes corresponding Graph/Chart)
• Table 37: Japanese General/Non-Life Insurance Market: Direct Claims Paid (2001-2002) by Category in Million Yen (includes corresponding Graph/Chart)
• Table 38: Direct Premiums Written Abroad by Japanese General/Non-Life Insurers (in Million Yen) for 2001 & 2002 (includes corresponding Graph/Chart)
• Table 39: Japanese Automobile Insurance Market: Direct Claims Paid Out by Insurers: 1995-2002 (In Y Billion) (includes corresponding Graph/Chart)
• Table 40: Ownership of Voluntary Automobile Insurance in Japan (1999-2001)
• Performance Indicators of Insurers: 2000
• Table 41: Leading Japanese Non-Life Insurers' Performance Indicators: 2000 (Y Billion) (includes corresponding Graph/Chart)
• Disaster Claims
• Table 42: Japanese General/Non-Life Insurance Market: Claims Paid for Typhoon or Windstorm (In Billion Yen) (includes corresponding Graph/Chart)
• Table 43: Japanese Fire Insurance Market: Direct Claims Paid Out by Fire Insurers: 1995-2002 (In Y Billion) (includes corresponding Graph/Chart)
• Table 44: Key Personal Accident Insurers in Japan by Net Premiums Written: 2000 (In Y Billion) (includes corresponding Graph/Chart)
• Table 45: Japanese Personal Accident Insurance Market: Direct Claims Paid Out by Insurers: 1995-2002 (In Y Billion) (includes corresponding Graph/Chart)

5. Regulatory/Legislative Environment

• General Supervision...
• Accounting Practices...
• New Pension Scheme...

6. Role of Insurance Associations in the Japanese Insurance Industry

• Marine and Fire Insurance Association of Japan, Inc
• Major Activities...
• General Insurance Association of Japan
• Information Services
• Disaster Prevention and Traffic Safety Promotion
• Prevention of Social Problems
• International Activities
• Activities for Development of Confidence
• Preservation of Environment & Promote NPO Activities
• Requests and Proposals
• International Association of Insurance Supervisors
• Organization for Economic Co-operation and Development
• International Meeting of Insurance Associations
• International Union of Marine Insurance
• East Asian Insurance Congress

7. Product Launch

• Euler Hermes to Launch Export Credit Insurance in Japan

8. Product Launches in the Past

• Tokio Marine and Fire Insurance Co. Launches Two Products
• Mitsubishi Enters into Weather Related Insurance Coverage

9. Recent Industry Activity

• Japan Post to Distribute Aflac Japan' s Cancer Insurance Product
• AEGON and Sony Life to Set-Up a New Life Insurance Company
• Millea Enters into Partnership with JP Morgan
• Millea Holdings to Take Over Nisshin Fire & Marine Insurance
• American International Group' s Japan Units to Merge
• AIG in Alliance with Bank of Tokyo
• Rakuten to Enter Non-Life Insurance Business
• Tokio Marine in Alliance with Nisshin Fire
• Mitsui Sumitomo Insurance to Acquire Mingtai Fire & Marine Insurance
• Tokio Marine to Acquire One-Fourth Shares in Tianan Insurance
• Euler Hermes to Launch Export Credit Insurance in Japan
• Japan' s Regulatory Panel to Recommend New Policy on Child Care
• AIU to Tap Japanese Trade Insurance Market
• AIG to Acquire Insurance Portfolio of the Royal & Sun

10. Strategic Developments in the Past

• Yasuda Fire and Marine Insurance Co. and Nissan Fire and Marine Insurance Co. Merge
• Prudential Acquires Orico Life Insurance
• Mass Mutual Acquires Aetna Heiwa Life Insurance
• Daido Life and Taiyo Mutual Take Over Tokyo Mutual Life
• Prudential Insurance Acquires Kyoei Life Insurance
• JLT, FinTech Form Capital Risk Joint Venture
• Heiwa Opens Captive Insurer in Hawaii
• Aquila Signs Agreement with Mitsui Marine and Fire Insurance
• Cigna Divests Stake in Yasuda Kasai Himawari Life Insurance

11. Focus on Select Japanese Players

• Asahi Mutual Life Insurance
• Dai -ichi Mutual Life Insurance
• Meiji Yasuda Life Insurance - Leading Life Insurer in Japan
• Millea Holdings, Inc.
• Tokio Marine & Nichido Fire Insurance Co., Ltd
• Mitsui Sumitomo Insurance Company, Ltd.
• Nippon Life Insurance Co. - Largest Japanese Life Insurer.
• Sompo Japan Insurance Inc.
• Sumitomo Life Insurance

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