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Insurance shops market size in Japan 2011-2019

The value of newly contracted annualized insurance premiums at insurance shops stood at 199.4 billion Japanese yen in fiscal year 2017. After several years of growth, the insurance shop market was expected to decrease to around 197.3 billion yen by fiscal year 2019. In May 2016, a revision of the Insurance Business Act was enforced, changing the way of solicitation and sales of insurance products to fit and protect customers.

Value of newly contracted annualized insurance premiums at insurance shops in Japan from fiscal year 2011 to 2019

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Source

Release date

October 2019

Region

Japan

Survey time period

fiscal years 2011 to 2017; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

market size is calculated based on the newly contracted annualized premium of insurance products according to the fiscal year of each of the targeted businesses

Supplementary notes

*Prospect.
**Forecast.
Targets were joint agencies operating insurance shops, life insurance companies, etc.
1 Japanese yen equals 0.0093 U.S. dollars or 0.0083 euros as of March 2020.
Values have been rounded.

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Statistics on "Insurance industry in Japan"

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