English
Français
According to GlobalData, the turnover of the Japanese non-life insurance market is expected to reach 12 920.7 billion JPY (133.1 billion USD) in 2026 against 11 155.4 billion JPY (101.6 billion USD) in 2021. The average annual growth rate over the period 2021-2026 is estimated at 3%.
The sector's growth would be boosted by large-scale infrastructure projects and an increased demand for cyber and natural catastrophe policies.
Premium growth would also be driven by the motor business, which alone accounts for 50.5% of the non-life market in 2021. This is followed by the P&C and third-party liability activities with market shares of 25.5% and 8.1% respectively.