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Forecasted subscription rate of telematics insurance in Japan from fiscal year 2023 to 2026

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Source

Release date

September 2023

Region

Japan

Survey time period

July to August 2023

Special properties

estimates based on number of telematics insurance subscriptions; all figures are forecasts

Supplementary notes

Based on research among non-life insurance companies.

The figures include individual telematics insurance policyholders and automobile insurance policyholders with telematics services added to their contract.

Citation formats

Forecasted telematics insurance subscription rate in Japan FY 2023-2026

Published by Jenny Yang, Oct 4, 2023

For the fiscal year 2023, the subscription rate of telematics insurance in Japan was forecast to reach percent. Figures were projected to expand to **** percent 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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