Population distribution and business trend of life insurance in Japan

Jun Miyamoto~Takahiro Ikoma, Japan

In Japan, people are becoming aging, getting married in older age, and having fewer children, so population distribution has been changing drastically these days. Therefore, a lot of problems are apprehended, in terms of social security and economic environment. In such an environment, the life insurers that have sold mainly traditional life insurance products, such as whole or term life insurance, are getting to be forced to change their business model by the change of population distribution. The insurers have begun to cope with such an environment by developing new products such as medical insurance. However, there are a lot of problems such as volatility of future profit from medical insurance, compared to stable profit from traditional life insurance products. In this article, we are going to introduce the summary of environments that have been mentioned above from actuarial point of view.
Date: 1 June - Time: 11:00 to 12:30 - Room: 242B
Theme: 3.A. Actuarial problems related to the retirement of the baby-boom