Growth Factors of the Life Insurance Business in Japan

Transcription

1 Growth Factors of the Life Insurance Business in Japan Tadayoshi OTSUKA Abstract ' '

2 1. Introduction ⑴ ' ⑵

3 ' 2. Historical Trend of Life Insurance Sales ⑶ 2.1. Business in Force and Total Assets

4 Table 1. " "" " " "

5 Figure Total asset Business in force Indivisual ' 100 Figure 2. (%) (20) Business in force Indivisual Total asset

6 Figure 3. (%) (5) (10) (15) Business in force Indivisual Total asset 2.2. New business and premium income

7 Figure Premium Income Corporate Pension New Business NB+Coversion '

8 Figure (%) New Business NB+Coversion Premium Income PI excl. Corporate Pension 3. Outline of Business

9 Table 2. ~ ~ ~ ' ~

10 3.1. Recovery Period ( ) ' '

11 " " ' 3.2. High Growth Period ( ) '

12 " " ' ' 3.3. Steady Growth Period ( )

13 " " 3.4. Bubble Economy Period ( )

14 ⑷ " " " "

15 ' 4. Analysis of Factors of Business Growth 4.1. Approach ' '

16 4.2. Comparison between Life Insurance Premium and National Medical Expenditure

17 Figure Insurance Insurance Medical Medical 4.3. Historical Trend of Average Face Amount and Case Count of New Business

18 1.80 Figure NB case count per household Indexed average of actual NB face amount

19 ' 4.4. Historical Trend of In-force Case Count and Per-household In-force Case Count

20 Figure per-household in-force case count indexed average actual premium indexed average actual in-force face amount 5. Empirical Analysis of Hypotheses

21 ' ' ' ' 5.1. Recovery and Growth of Japan s Economy and Expansion of the Life Insurance Business

22 Table 3.

23 " ' " Table Correlations between National Medical Expenditure and Premium Income

24 " ' "

25 Table 5. Table 6. ' Table 7. '

26 5.3. Actual National Medical Expenditure, Premium Income, and Increase in Population and Number of Households " ' "

27 Table 8. ' Table 9. ' '

28 ' 5.4. Increase in the business case count and the number of households '

29 " " Table 10. '

30 5.5 Trend of Average Face Amount " " Table 11. '

31 6. Summary ' ' ' '

32 ' ' ' References " " " " " " " "