Key Market Indicators
Japanese Life Insurance Premiums Projected to Decline to $249 Billion by 2028 The gross written premium for Japanese life insurance is forecasted to drop to approximately $249 billion by 2028, a decrease from around $291 billion in 2023. This represents an average yearly decline of 2.4%. Since 2015, the life insurance sector in Japan has experienced a consistent annual decrease, with the supply falling at an average rate of 2.6% each year. The trend highlights the ongoing challenges facing the industry in maintaining growth and stability.
