InsurTech market size for life insurance in Japan FY 2017-2024

Published by Statista Research Department, Feb 7, 2024
In the fiscal year 2021, the insurance technology market for life insurance in Japan was estimated at 183 billion Japanese yen. The market was forecast to increase to 318 billion yen by fiscal 2024.
The term InsurTech refers to the utilization of technology in the insurance industry.

Size of the insurance technology market for life insurance in Japan from fiscal year 2017 to 2021 with a forecast until 2024 (in billion Japanese yen)

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Release date

November 2022

Region

Japan

Survey time period

fiscal years 2017 to 2022; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

the market size is based on the sales of businesses

Supplementary notes

*Prospect.
**Forecasts.

100 Japanese yen equal 0.74 U.S. dollars or 0.70 euros as of December 2022.

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