Number of Japanese insurance companies

30. Japan's insurance market is huge, but only about 30 life insurance companies are operating, which is rare in major insurance countries. But these companies are very strong and stable, and many of them are world-class companies, so there are almost no bankruptcies. An insurance company refers to a company as a legal person established in accordance with the Insurance Law and the Company Law. Insurance companies collect premiums, invest the premium capital in bonds, stocks, loans and other assets, and use the income of these assets to pay the insurance compensation determined in the policy.