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Insurance Penetration in Japan

2001 to 2016 • Percent

Insurance Penetration in Japan from 2001 to 2016 • Percent
Geopolitical entity
Japan

Related Statistics

Insurance Penetration in other Countries

Main Insurance Indicators

  • Gross Written Premium

    Total premium on insurance underwritten by an insurer or reinsurer during a specified period, before deduction of reinsurance premium. It is the sum of the direct and assumed premium written and represents an indicator of the importance of the insurance industry in a given country. Usually measured in millions or billions of national currency. Based on: US National Association of Insurance Commissioners.

  • Net Written Premiums

    Total premium on insurance underwritten by an insurer after the deduction of premium applicable to reinsurance, usually expressed in millions or billions of national currency. Net premiums written is the sum of premiums written by an insurance company over the course of a period of time, less premiums ceded to reinsurance companies, plus any reinsurance assumed. It represents how much of the premiums the company gets to keep for assuming risk. Based on: US National Association of Insurance Commissioners.

  • Premiums Written

    Total premiums generated from all policies (contracts) written by an insurer within a given period of time, usually measured in millions or billions of national currency. Based on: US National Associaton of Insurance Commissioners.

  • Non Life Gross Written Premium

    Total premium on insurance underwritten by a non-life insurer or reinsurer during a specified period, before deduction of reinsurance premium. It is the sum of the direct and assumed premium written and represents an indicator of the importance of the non-life insurance industry in a given country. Usually measured in millions or billions of national currency. Non-life insurance (called property and casualty insurance in the United States) refers to all types of insurance business other than life insurance, for example property insurance, accident insurance, liability insurance, motor insurance or health insurance. Based on: US National Association of Insurance Commissioners.

  • Paid Claims

    Gross claims payments comprise all payments to beneficiaries for coverage of an incurred loss. It includes reinsurance payments and is measured in millions or billions of national currency.

  • Insurance Density

    Insurance density is a ratio of all insurance premiums to population. It is an indicator of the insurance spending per capita in a given country. Based on: Organisation of Economic Co-operation and Development.

  • Insurance Penetration

    Ratio of insurance premium to GDP (in percentage of GDP) . It is an indicator of the relative importance of the industry insurance in a given country. Based on: Organisation for Economic Co-operation and Development.

  • Claims Ratio

    Net claims incurred as a percentage of net earned premium.

  • Insurance Contracts Number

    Number of insurance contracts, by type of insurance or business line, usually expressed in millions or thousands of contracts at a given date in a country.

  • Premium Earned

    Portion of premium for which the policy protection or coverage has already been given during the now-expired portion of the policy term, usually measured in millions or billions of national currency. Based on: US National Association of Insurance Commissioners.

  • Insurance Loss Ratio

    Percentage of incurred losses to earned premiums. Based on: US National Association of Insurance Commissioners.

  • Insurance Spending

    Insurance spending is defined as the ratio of direct gross premiums to GDP, which represents the relative importance of the insurance industry in the domestic economy. This indicator is expressed as a percentage of GDP.

  • Insurance Net Retention

    Maximum amount of net insurance coverage that the insurer retained in the reporting period on any one risk or exposure in the particular class of insurance, either by underwriting the risk for its own net account, or after the application of all reinsurance recoveries applicable to the risk. Business net retention represents an insurance company's policy turnover over a specific time period, and is calculated by dividing net premiums by gross written premiums. An increase in business net retention over time represents growth. Based on: Canadian Office of the Superintendent of Financial Institutions.

  • Insurance Revenue

    Revenue generated by insurance industry, usually expressed in millions or billions of national currency.

  • Non Life Insurance Claims

    Request made by the insured for insurer remittance of payment due to loss incurred and covered under the non-life insurance policy agreement, usually measured in millions or billions of national currency. Non-life insurance (called property and casualty insurance in the United States) refers to all types of insurance business other than life insurance, for example property insurance, accident insurance, liability insurance, motor insurance or health insurance. Based on: US National Association of Insurance Commissioners.

  • Accident Insurance Gross Premium Written

    Total premium on insurance underwritten by an accident insurer or reinsurer during a specified period, before deduction of reinsurance premium. It is the sum of the direct and assumed premium written and represents an indicator of the importance of the accident insurance industry in a given country. Usually measured in millions or billions of national currency. Accident insurance refers to insurance policies covering unforseen bodily injuries caused by an unexpected event or circumstance without deliberate intent. Based on: US National Association of Insurance Commissioners.

  • Non Life Insurance Firms Number

    Number of non-life insurance firms at a given date in a country. Non-life insurance (called property and casualty insurance in the United States) refers to all types of insurance business other than life insurance, for example property insurance, accident insurance, liability insurance, motor insurance or health insurance. An insurance firm is defined as a corporation legally authorized to act as an insurer, i.e. transfering risk from an individual to a company and reducing the uncertainty of risk via pooling. Based on: US National Association of Insurance Commissioners.

  • Sum Insured Value

    Value of sum insured, i.e. the amount fixed in the insurance policy in order to define the policy limit of liability and premium calculation. Usually expressed in national currency. Based on: International Network of Insurance.

  • Pension Gross Written Premium

    Total premium on insurance underwritten by a pension fund during a specified period, before deduction of reinsurance premium. It is the sum of the direct and assumed premium written and represents an indicator of the importance of the pension insurance industry in a given country. Usually measured in millions or billions of national currency. Pension funds are pools of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. Based on: Organisation for Economic Co-operation and Development. Based on: US National Association of Insurance Commissioners.

  • Insurance Cession Ratio

    Reinsurance premiums divided by gross premiums. It measures the part of a risk (policy or risk portfolio) that an insurer transfers to, or finances with, another insurer and represents an indicator of the capacity of the domestic insurance market in covering local risk, ceteris paribus. Based on: Organisation of Economic Co-operation and Development.

  • Accident Insurance Revenue

    Revenue generated by accident insurance industry, usually expressed in millions or billions of national currency. Accident insurance refers to insurance policies covering unforseen bodily injuries caused by an unexpected event or circumstance without deliberate intent. Based on: US National Association of Insurance Commissioners.

  • Accident Insurance Coverage

    Percentage of population covered by accident insurance. Accident insurance refers to insurance policies covering unforseen bodily injuries caused by an unexpected event or circumstance without deliberate intent. Based on: US National Association of Insurance Commissioners.

  • Catastrophe Events

    Infrequent events that cause severe loss, injury or property damage to a large population of exposures. While the term is most often associated with natural events (e.g. earthquakes, floods or hurricanes), it can also be used when there is concentrated or widespread damage from man-made disasters (e.g. fires, explosions, pollution or nuclear fallout). Based on: American Academy of Actuaries.