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- W2486963566 abstract "This chapter describes the economics of life insurance industry in Japan. Deregulation, liberalization of restrictive laws, and a changing external environment caused by the global financial crisis in 2008 have altered the shape of life insurance industry that otherwise appears paralyzed by the lack of economic growth. It has been observed that the large Japanese incumbents look likely to retain their domestic market dominance with an aggregate market share of 30–40%; however, they will become more diversified from both channel and product perspectives. The study shows that innovative players with unique distribution or product strengths will continue to emerge. Successful attackers will be those that are able to develop a scalable yet low-cost business models. Nonetheless, it is important to note that Japan is notorious for its high start-up costs and time to breakeven, and players must take a long-term perspective to investing and growing their businesses in the market." @default.
- W2486963566 created "2016-08-23" @default.
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- W2486963566 date "2012-01-02" @default.
- W2486963566 modified "2023-09-23" @default.
- W2486963566 title "Japan: A Giant Awakening?" @default.
- W2486963566 doi "https://doi.org/10.1002/9781119199069.ch4" @default.
- W2486963566 hasPublicationYear "2012" @default.
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