Premium and other income of life insurers in Japan FY 2014-2023

In the fiscal year 2023, premium and other income of life insurance companies in Japan amounted to around 43 trillion Japanese yen. This represented an increase from about 38 trillion yen in the previous year.Premium income of life insurersIndividual insurance was the largest source of premium income for the 42 private life insurance companies operating in Japan, followed by individual annuity insurance. The value of individual insurance policies in force, which describes the total amount of death benefits, has been on a steady decline in recent years, while the opposite is the case for the number of individual insurance policies in force. This trend can be attributed to an increasing share of health-related insurance products that do not include any or only small amounts of death benefits. Third-sector insuranceConsidering the aging population and high life expectancy in Japan, the need for third-sector insurance products has increased over the past decade. Third-sector insurance products, such as medical insurance, long-term care, and personal injury insurance, account for a growing share of new individual insurance policies taken out each year. Annualized premiums of third-sector insurance, which can be offered by both life and non-life insurers, have increased steadily in recent years.

在财政年度2023，日本人寿保险公司的保费及其他收入总计约为433兆日元。这一数额较上一年度的38兆日元有所增长。就人寿保险公司而言，个人保险是日本42家私人人寿保险公司保费收入的主要来源，紧随其后的是个人年金保险。近年来，在效力中的个人保险单的价值，即描述死亡赔偿金总额的数值，呈现出持续下降的趋势，而效力中的个人保险单数量则呈现相反的走势。这一趋势可归因于包含或不包含死亡赔偿金或仅包含少量死亡赔偿金的健康相关保险产品的市场份额不断增加。考虑到日本人口老龄化严重以及预期寿命较高，过去十年中，对第三部门保险产品的需求不断增加。第三部门保险产品，如医疗保险、长期护理保险和人身意外伤害保险，占每年新签发个人保险单的份额呈逐年增长趋势。由寿险和非寿险保险公司提供的第三部门保险年度化保费，近年来也呈现稳步增长态势。