The Japan bancassurance market size reached USD 141 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 225 Billion by 2033, exhibiting a growth rate (CAGR) of 5.4% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 141 Billion |
Market Forecast in 2033
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USD 225 Billion |
Market Growth Rate (2025-2033) | 5.4% |
Bancassurance refers to an agreement between an insurance company and a bank that allows them to collaborate in a partnership to sell insurance services and financial products via the banking institutions. This setup results in improved profitability, sales generation, and retention of existing and new customers through strategic alliances and joint ventures.
The market in Japan is primarily driven by significant growth in the banking, financial, services and insurance (BFSI) sector. Along with this, multiple key players in the country are also engaging in strategic partnerships to expand their presence in the market. Moreover, banks are launching new customer-centric products and strengthening their bancassurance businesses using advanced financial services and product development expertise. This is expected to positively influence the market growth. Also, market players are engaging in partnership to boost their bancassurance sales, which, in turn, is further providing an impetus to the market growth. Some of the other factors contributing to the market growth include continual technological advancements across the banking sector, such as the increasing adoption of application programming interfaces (APIs) and cloud computing.
IMARC Group provides an analysis of the key trends in each segment of the Japan bancassurance market report, along with forecasts at the country and regional levels from 2025-2033. Our report has categorized the market based on product type and model type.
Breakup by Product Type:
Breakup by Model Type:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Product Type, Model Type, Region |
Region Covered | Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report: