Japan: net premiums written of P&C insurers 2024| ��ƽ��

Net premiums written of general insurance companies in Japan from fiscal year 2015 to 2024 (in trillion Japanese yen)

Characteristic	Net premiums written in trillion Japanese yen
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Release date

September 2025

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Region

Japan

Survey time period

fiscal year 2015 to 2024; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Supplementary notes

The figures are the totals for GIAJ member companies.

Note: Net Premiums Written = direct premiums written + inward reinsurance net premiums - outward reinsurance net premiums - savings portion of maturity-refund type insurance premiums.

100 Japanese yen equal 0.65 U.S. dollars or 0.56 euros as of November 2025.

Figures have been rounded.

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Net premiums written of general insurance companies in Japan totaled around *** trillion Japanese yen in the fiscal year 2024, an increase compared to the previous year.

Leading segments of the P&C insurance market

insurance was the largest business line, making up nearly half of net premiums written of private insurers. The second-largest segment in Japan’s general insurance market was fire insurance. Fire insurance is property insurance that protects buildings, dwellings, and household goods against damage caused by fire, various weather phenomena, and theft. To protect their homes against damage caused by earthquakes, consumers have to purchase earthquake insurance as an add-on to fire insurance. Over **** of households in Japan were covered by earthquake insurance in 2024.

Japan's non-life insurance market

Japan’s general insurance market is among the largest in the world. Non-life insurance penetration, or gross premiums written as a percentage of the GDP, stood at *** percent in the fiscal year 2023. The per capita spending on non-life insurance was *** U.S. dollars. The market is dominated by the three largest property and casualty insurance groups: Tokio Marine Holdings, MS&AD Holdings, and Sompo Holdings. They generated net premiums written of close to ** trillion yen in fiscal 2023.