The Future of the Japanese Life Insurance Industry

T he Japanese life insurance industry is undergoing significant transformation. Regulatory change, the severe condition of the economy and increased competition from foreign entrants are leading to change at an ever-increasing pace. Stephen O’Hearn and Toru Yamaguchi of PricewaterhouseCoopers’ Tokyo office examine the current condition of the market, review the restructuring that has occurred and consider the likely future trends in the industry.