What’s next for Japanese insurers: Ten imperatives for 2024

2024-06-11

According to PwC’s 27th Annual Global CEO Survey, CEOs around the world are more optimistic about global economic growth than they were last year while recognising inflation and macroeconomic volatility as primary threats to their companies. In Japan, as the Bank of Japan (BOJ), the central bank, examines inflation and monetary policies, the financial services industry is at a crossroads in anticipation of a world with positive interest rates, which many current businesspeople have never before experienced. In this fast-changing environment, Japanese insurers must continue to transform in order to maintain competitiveness and grow globally.

In this article, we explain ten imperatives for Japanese insurers in 2024 as they work to transform themselves while overcoming today’s challenges.