Japan insurers see growth through reinsurance, acquisitions

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      <subfield code="a">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</subfield>
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