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Forecasted size of the telematics insurance market in Japan from fiscal year 2023 to 2026 (in billion Japanese yen)

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Source

Release date

September 2023

Region

Japan

Survey time period

July to August 2023

Special properties

based on automobile insurance premiums paid by automobile insurance policy holders; all figures are forecasts

Supplementary notes

Based on research among non-life insurance companies.

100 Japanese yen equal 0.67 U.S. dollars or 0.63 euros as of October 2023.

Citation formats

Forecasted telematics insurance market size in Japan FY 2023-2026

Published by Jenny Yang, Oct 4, 2023

For the fiscal year 2023, the telematics insurance market in Japan was forecast to reach billion Japanese yen. The market was projected to increase to billion yen in fiscal 2026.
Telematics insurance refers to the use of telematics technology to monitor driving behavior of automobile insurance policyholders. Based on the data gathered, non-life insurance companies can individually adjust car insurance rates or offer additional services such as safe driving advice.

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Topics

Non-life insurance industry in JapanAutomobile industry in JapanElectric cars in JapanInsurance industry in JapanNatural disasters in Japan
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