Leading life insurance companies in Japan 2014, by gross premiums written

In an expanding insurance industry, Nippon led the ranking of life insurance companies in Japan in 2014, with gross premiums written amounting to approximately 50.36 billion U.S. dollars, while Japan Post followed with a little over 40 billion dollars in the same year.

Diversification of the life insurance market

Although the total income from insurance premiums in Japan had been growing gradually since 2002, it had started declining during recent years, while the customers’ life insurance needs had diversified: changes in the household composition due to the aging society, declining birthrate and late marriages had decreased the need for large death benefits aimed at heads of households. The demand for third sector insurance, such as medical and nursing care products was growing. The future of the life insurance market was thus, dependent on the ability of insurers to address the diversifying needs.

Exploring new markets

The life insurance market in the country was more than twice as large as the non-life insurance market. In the same year, Sompo Japan was the largest non-life insurance company in Japan with 22.85 billion U.S. dollars in gross premiums written. This difference may have been due to Japan having the second highest life expectancy in the world, after Hong Kong, as well as an aging population. In order to soften the impact of negative interest rates and a fast-maturing domestic market, Japanese insurance companies had begun investing heavily in acquisitions, becoming the world’s second largest buyer of insurance assets.

Leading life insurance companies in Japan in 2014, by gross premiums written

Premiums in billion U.S. dollars
Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in

Release date

February 2017



Survey time period


Supplementary notes

Figures have been rounded.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Life insurance worldwide"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.