Japanese non-life premiums to reach 102 billion USD by 2030

Japan’s non-life insurance market is projected to grow at an average annual rate of 3% through 2030, according to research firm GlobalData. Premium volumes are forecast to reach 14.5 trillion JPY (102.6 billion USD) by 2030, up from an estimated 12.5 trillion JPY (85.4 billion USD) in the 2025 financial year.

Growth in the sector is expected to be driven by an upturn in demand for motor insurance, rising premium rates, and ongoing digital transformation across the industry.

The non-life market is led by motor insurance, property damage, and third-party liability lines. These three segments are projected to account for 82.7% of total non-life underwriting in 2025.