Japan insurers see growth through reinsurance, acquisitions

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<title>Japan insurers see growth through reinsurance, acquisitions</title>
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<namePart>Chiang, Charles</namePart>
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<namePart>Lee, ChangYoung</namePart>
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<issuance>monographic</issuance>
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<publisher>A.M. Best Company Inc.</publisher>
<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary">Japanese insurance companies are increasingly expanding overseas and pursuing acquisitions because their domestic market has matured, with limited growth potential due to a shrinking and aging population. While premium income has risen since 2021mainly from single-premium savings-type productsdemand for traditional life insurance remains stagnant. AM Best expects new business sales to stay strong, but overall premium growth will be sluggish, as savings-type products are sensitive to interest and exchange rate fluctuations and offer relatively narrow profit margins, limiting the bottom-line growth for Japan's life insurers</abstract>
<tableOfContents displayLabel="Contents">US subsidiaries provide growth and earnings -- Capital cushions allow growth opportunities</tableOfContents>
<note type="statement of responsibility">Charles Chiang, ChangYoung Lee</note>
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<topic>Mercado de seguros</topic>
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<topic>Perspectivas del seguro</topic>
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<topic>Reaseguro</topic>
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<topic>Desarrollo económico</topic>
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<topic>Tipos de interés</topic>
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<topic>Seguro de vida</topic>
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<topic>Envejecimiento de la población</topic>
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<geographic>Japón</geographic>
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<title>Best's commentary</title>
<partNumber>April 7, 2025</partNumber>
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