In the fiscal year 2020, the insurance technology market for life insurance in Japan was estimated at 129 billion Japanese yen. The market was forecast to reach nearly 280 billion yen by fiscal 2023.
The term InsurTech refers to the utilization of technology in the insurance industry.
Size of the insurance technology market for life insurance in Japan from fiscal year 2017 to 2021 with a forecast until 2023
(in billion Japanese yen)
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Yano Research. (June 22, 2021). Size of the insurance technology market for life insurance in Japan from fiscal year 2017 to 2021 with a forecast until 2023 (in billion Japanese yen) [Graph]. In Statista. Retrieved June 28, 2022, from https://www.statista.com/statistics/1262267/japan-insurtech-market-size-life-insurance/
Yano Research. "Size of the insurance technology market for life insurance in Japan from fiscal year 2017 to 2021 with a forecast until 2023 (in billion Japanese yen)." Chart. June 22, 2021. Statista. Accessed June 28, 2022. https://www.statista.com/statistics/1262267/japan-insurtech-market-size-life-insurance/
Yano Research. (2021). Size of the insurance technology market for life insurance in Japan from fiscal year 2017 to 2021 with a forecast until 2023 (in billion Japanese yen). Statista. Statista Inc.. Accessed: June 28, 2022. https://www.statista.com/statistics/1262267/japan-insurtech-market-size-life-insurance/
Yano Research. "Size of The Insurance Technology Market for Life Insurance in Japan from Fiscal Year 2017 to 2021 with a Forecast until 2023 (in Billion Japanese Yen)." Statista, Statista Inc., 22 Jun 2021, https://www.statista.com/statistics/1262267/japan-insurtech-market-size-life-insurance/
Yano Research, Size of the insurance technology market for life insurance in Japan from fiscal year 2017 to 2021 with a forecast until 2023 (in billion Japanese yen) Statista, https://www.statista.com/statistics/1262267/japan-insurtech-market-size-life-insurance/ (last visited June 28, 2022)