Contraction of the life insurance sales agent market
First written in FY2016. 3 of 8 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025Market size figures updatedAnnual report
「Membership increased in the life insurance sales agent channel, the company’s primary market. The number of such sales agents was 185,000 (monthly average number actually working in fiscal 2022; source: 株式会社保険研究所, “Insurance Life Insurance Statistical Yearbook, 2023 edition”), and the company believes there remains substantial room for further expansion.」
The company updates the actual size of the life insurance sales agent market to 185,000 and continues to state that there is room for expansion. - FY2023Market size figures updatedAnnual report
「Membership increased in the life insurance sales agent channel, the company’s primary market. The number of such sales agents was 192,000 (monthly average number actually working in fiscal 2021; source: 株式会社保険研究所, “Insurance Life Insurance Statistical Yearbook, 2022 edition”), and the company believes there remains substantial room for further expansion.」
The company updates the life insurance sales agent market size to 192,000 and indicates room for expansion in addition to the previously stated risk of contraction. - FY2022Market size figures updatedAnnual report
「Membership increased in the life insurance sales agent channel, the company’s primary market. The number of such sales agents was 165,000 (monthly average number actually working in fiscal 2020; source: 株式会社保険研究所, “Insurance Life Insurance Statistical Yearbook, 2021 edition”), and the company believes there remains substantial room for further expansion.」
The company quantifies the life insurance sales agent market at 165,000 and describes not only the possibility of a decline, as previously stated, but also room for expansion of its services. - FY2021Market size quantifiedAnnual report
「The market for life insurance company sales agents in the accounting services business has fluctuated between 180,000 and 200,000 over the past 10 years, but may decline depending on the initiatives of individual life insurers and the future operating environment.」
The company quantifies the life insurance sales agent market at between 180,000 and 200,000 over the past 10 years and indicates the possibility of a future decline. - FY2020RestatedAnnual report
「Although the decline in the life insurance sales agent market has bottomed out compared with the pace of decline during a period of industry restructuring, the pace of decline may accelerate again depending on the initiatives of individual life insurers and the future operating environment.」
The company continues to disclose the market’s bottoming out and the possibility of renewed contraction as risks affecting the life insurance sales agent market. - FY2019RestatedAnnual report
「Although the decline in the life insurance sales agent market has bottomed out compared with the pace of decline during a period of industry restructuring, the pace of decline may accelerate again depending on the initiatives of individual life insurers and the future operating environment. In that event, the group’s results may be adversely affected.」
The company continues to disclose the market’s bottoming out and the possibility of renewed contraction as risks affecting the life insurance sales agent market. - FY2017RestatedAnnual report
「Although the decline in the life insurance sales agent market has bottomed out compared with the pace of decline during a period of industry restructuring, the pace of decline may accelerate again depending on the initiatives of individual life insurers and the future operating environment. In that event, the group’s results may be adversely affected.」
The company continues to recognize the risk that the life insurance sales agent market, while having bottomed out, may contract again depending on initiatives and the operating environment. - FY2016First statedAnnual report
「Although the decline in the life insurance sales agent market has bottomed out compared with the pace of decline during a period of industry restructuring, the pace of decline may accelerate again depending on the initiatives of individual life insurers and the future operating environment.」
The company identifies the possibility of another acceleration in the contraction of the life insurance sales agent market, its primary customer base, as a risk.