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May 2019

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Japan - General Insurance: A mature market underinsured

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Source: Asia Insurance Review | Mar 2016

Japan has the world’s largest property protection gap at US$41 billion, say Swiss Re sigma estimates. Despite a rising insurance penetration rate in recent years, and the premium growth trend continuing in FY2015, the country still lags behind its developed counterparts. This is an immense opportunity for insurers in the country and will be a significant growth driver for the sector.

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