13th September 2023

Japan general insurance industry to surpass $116bn by 2027-GlobalData

The Japanese general insurance industry is set to grow at a compound annual growth rate(CAGR) of 3.4% from JPY11.9tr ($89.8bn) in 2023 to JPY13.6tr($116.5bn) in 2027, in terms of gross written premiums(GWP), forecasts GlobalData.
GlobalData’s Insurance Database reveals that the Japanese general insurance industry is estimated to grow by 2.8% in 2023, supported by an increase in automobile sales, new infrastructure projects, an increasing demand for policies covering natural catastrophic(NatCat) events, and rising cases of cyber attacks.

GlobalData Trends(192 articles)
Japan Trends(786 articles)