Fact Book 2009
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00-FB2008_表紙.QX 10.1.13 9:34 PM ページ 1 FACT BOOK 2008–2009 FACT BOOK GENERAL INSURANCE IN JAPAN – To preserve our irreplaceable environment and ensure safety – The General Insurance Association of Japan has obtained the ISO 14001 Certificate. INTERNATIONAL DEPARTMENT THE GENERAL INSURANCE ASSOCIATION OF JAPAN NON-LIFE INSURANCE BUILDING 9, Kanda Awajicho 2-Chome, Chiyoda-Ku, Tokyo 101-8335, Japan Tel : +81-3-3255-1439 Fax : +81-3-3255-1234 E-mail : [email protected] URL : http://www.sonpo.or.jp/en/ Printed on Recycled Paper in Japan, January 2010 THE GENERAL INSURANCE ASSOCIATION OF JAPAN 01-FB2008_0_Contents.QX 10.1.12 10:45 AM ページ 1 CONTENTS Part I Business Results Page I. Key Figures of the General Insurance Business for Fiscal 2008 1. The Number of General Insurance Companies ........................................................................................... 2 2. The Number of Agencies and Sales Staff of Agencies ............................................................................... 2 3. Premiums ........................................................................................................................................................ 3 4. The Amount of Claims Paid .......................................................................................................................... 3 5. Assets and Investment ................................................................................................................................... 4 6. Ordinary Profits and Net Profits for the Current Year ................................................................................ 4 7. Loss Ratio and Operating Expenses Ratio .................................................................................................... 5 8. Ownership of General Insurance Policies ..................................................................................................... 5 II. Major Events ............................................................................................................................................... 6 III. Statistics 1. Income Statement .......................................................................................................................................... 8 2. Abridged Balance Sheet ................................................................................................................................ 9 3. Direct Premiums by Line .............................................................................................................................. 10 4. Net Premiums by Line .................................................................................................................................. 12 5. Direct Claims by Line ................................................................................................................................... 13 6. Direct Premiums of Foreign General Insurers ............................................................................................ 14 7. Direct Premiums Written Abroad by Japanese General Insurers ............................................................. 15 8. International Reinsurance Business ............................................................................................................ 15 9. Japanese Insurers’ Offices Abroad (as of April 1 each year) .................................................................... 16 10. International Comparison of General Insurance Premium Volume (2007) ............................................ 18 01-FB2008_0_Contents.QX 09.12.19 3:30 PM ページ 2 Part II Market Information Page I. Insurance-related Laws 1. Commercial Code (1899) ............................................................................................................................ 20 2. Insurance Business Law (1995) ................................................................................................................... 20 3. Law concerning Non-Life Insurance Rating Organizations (1948) .......................................................... 21 4. Automobile Liability Security Law (1955) .................................................................................................. 21 5. Law concerning Earthquake Insurance (1966) .......................................................................................... 21 6. Consumer Contract Law (2000) ................................................................................................................. 22 7. Law on Sales of Financial Products (2000) ................................................................................................ 22 8. Personal Information Protection Law (2003) ............................................................................................. 23 9. Financial Instruments and Exchange Law (2006) ...................................................................................... 23 II. Deregulation and Liberalization of the Japanese General Insurance Market ................................................................................................................................... 24 III. Early Warning System and Policyholders Protection Scheme 1. Early Warning Systems ................................................................................................................................ 26 2. Non-Life Insurance Policy-holders Protection Corporation ...................................................................... 29 IV. Distribution System 1. General Insurance Agency System ............................................................................................................. 33 2. Insurance Brokerage System ....................................................................................................................... 35 3. Direct Distribution ........................................................................................................................................ 36 V. Investment Regulation ...................................................................................................................... 37 VI. Underwriting Reserves ...................................................................................................................... 39 VII. Loss Survey System 1. Claim Services Centers of the Member Companies ................................................................................. 42 2. Automobile Insurance Adjusters ................................................................................................................ 42 3. Property Loss Assessors ............................................................................................................................... 42 VIII. Outline of the General Insurance Association of Japan ........................................... 43 IX. Directory 1. Licensed Domestic Companies (30 Companies as of December 1, 2009).............................................. 46 2. Licensed Foreign Companies (20 Companies as of December 1, 2009) ................................................ 48 3. General Insurance Organizations (as of December 1, 2009) ................................................................... 50 02-FB2008_扉Part1.QX 09.12.15 11:21 AM ページ 1 PART I BUSINESS RESULTS 03-FB2008_1-01.QX 09.12.15 11:23 AM ページ 2 Key Figures of the General I Insurance Business for Fiscal 2008 1 The Number of General Insurance Companies A total of 30 domestic and 20 foreign insurers are operating. Total: 50 As of December 1, 2009, a total of 50 general insurance companies were operating in Japan; a total of 30 companies were Domestic insurers: 30 licensed as domestic insurers, including 4 foreign capital domestic Foreign insurers: 20 insurers, while 20 companies were licensed as foreign insurers. The number of people working in general insurance com- panies, including management, sales staff and temporary staff, was 90,765 as of April 1, 2009. ■ Domestic insurers ■ Foreign insurers Operating reinsurance Operating P&I business: 3 business: 2 Operating reinsurance Domestic insurers: Licensed as domestic business: 3 insurer Domestic insurers with foreign capital: Operating Licensed as domestic insurer which includes Operating direct and direct and foreign capital of over 50%. reinsurance business: reinsurance Foreign insurer: Licensed on a branch or 28 business: 14 agent basis 2 The Number of Agencies and Sales Staff of Agencies The number of agencies While the number of agencies decreased by about 7.6%, (at the end of March 2009): the number of sales staff increased by about 0.3%. There are 217,864 general insurance agencies of domestic 217,864 and foreign general insurers and 2,154,962 sales staff are The number of sales staff engaged in the agency business. in agencies (at the end of These agencies shared 92.9% of the written direct premi- ums in fiscal 2008. March 2009): 2,154,962 ■ The number of agencies 2007 235,846 2008 217,864 ■ The number of sales staff in agencies General insurance agency: A general insur- 2007 2,147,461 ance agency is commissioned by an insur- ance company, and markets insurance prod- 2008 2,154,962 ucts to customers. 2 Part I Business Results 03-FB2008_1-01.QX 09.12.15 11:23 AM ページ 3 3 Premiums Direct premiums: Direct premiums decreased by about 4%, and net premi- ums also decreased by about 4%. 7,980.1 billion yen The total of direct premiums, including the savings portion Net premiums: thereof, written in fiscal 2008 was 7,980.1 billion yen, down 3.7%, and the total