Japan - General Insurance: A mature market underinsured
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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