Number of life insurance policies in force of cooperatives in Japan FY 2016-2022
In the fiscal year 2022, cooperative insurers in Japan recorded over 61.6 million life insurance policies in force. This represented a year-on-year increase of 0.3 percent. Various types of cooperatives in Japan, such as agricultural or consumer cooperatives, offer insurance products to their members. The insurance business of cooperatives is also known as Kyosai, the Japanese term for mutual aid.