Decline in the Working-Age Population and Insurance Demand
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2018.
Lifenet Insurance Company moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 3 of 7 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2018WorsenedAnnual report
「In addition, social security costs continue to rise as the population aged 65 and over increases. If, in the future, higher social insurance premiums or taxes lead to a deterioration in domestic economic conditions, weak employment and lower disposable income, the level of premiums customers can afford may decline, adversely affecting our performance.」
In addition to the declining working-age population, the company added the burden of social security associated with population ageing and reduced ability to pay insurance premiums through weaker economic conditions, employment and disposable income as risks. - FY2017RestatedAnnual report
「If the working-age population continues to decline and demand for life insurance decreases, the scale of our life insurance business may contract.」
The company continues to identify the risk that a declining working-age population will lead to lower demand for life insurance and a contraction in business scale. - FY2016First statedAnnual report
「If the working-age population continues to decline and demand for life insurance decreases, the scale of our life insurance business may contract.」
The company identified the decline in the working-age population aged 15 to 64, its main customer base, as a factor that could shrink the market.