Country Profile - Japan: Japan's general insurers boost consumer confidence
Source: Asia Insurance Review | Sep 2009
Non-life insurance premiums in Japan shrank by 3.74% in 2008, according to the General Insurance Association of Japan (GIAJ). However, it is still ranked as the biggest non-life insurance market in Asia, and fourth on a global scale, after the US, Germany and the UK. We talk to a key representative from the Association about the sector’s preparation for the new Insurance Contract Law which is to be implemented in April 2010 and its assistance to its 26 members to expand overseas and cope with the challenges.
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