Risk of insurance-market contraction due to population decline and demographic aging
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2025.
SBI Insurance Group moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2024: 3 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2025ReframedAnnual report
「損害保険市場は、少子高齢化やシェアリングエコノミーの拡大に伴う新車販売台数の伸び悩みなどを背景に、中長期的には自動車保険市場が緩やかに縮小していくものと考えられます。」
従来の生命保険市場における人口構造変化のリスクに加え、少子高齢化、新車販売台数の伸び悩み及びシェアリングエコノミーを背景とする自動車保険市場の縮小も明示された。 - FY2024RestatedAnnual report
「生命保険市場は、平均寿命の延伸や生命保険の加入中核層である働き盛り世代（30～40歳代）の人口減少などを受けて、伝統的な死亡保障関連のニーズが緩やかに縮小していくものと考えられます。」
人口構造の変化を背景とする伝統的な死亡保障ニーズの縮小リスクを再掲している。一方、第三分野商品の需要増加も記載している。 - FY2023RestatedAnnual report
「The life insurance market is expected to experience a gradual decline in demand for traditional death protection as all members of the baby-boomer generation become late-stage elderly people aged 75 or older in 2025, life expectancy increases, and the population of people in their prime working years in their 30s and 40s, the core demographic for life insurance, declines.」
人口減少・少子高齢化を背景とした伝統的な死亡保障ニーズの縮小リスクを再掲している。 - FY2020RestatedAnnual report
「The life insurance market is expected to experience a gradual decline in demand for traditional death protection as all members of the baby-boomer generation become late-stage elderly people aged 75 or older in 2025, life expectancy increases, and the population of people in their prime working years in their 30s and 40s, the core demographic for life insurance, declines.」
人口減少・少子高齢化を背景とする伝統的生命保険ニーズの縮小リスクを再掲している。一方、医療・がん・就業不能保険等の第三分野市場の拡大も記載している。 - FY2019First statedAnnual report
「The life insurance market is expected to experience a gradual decline in demand for traditional death protection as all members of the baby-boomer generation become late-stage elderly people aged 75 or older in 2025, life expectancy increases, and the population of people in their prime working years in their 30s and 40s, the core demographic for life insurance, declines.」
The company describes the potential contraction of traditional death protection needs and the life insurance market against a backdrop of demographic changes involving people aged 75 or older and those in their 30s and 40s.