Japanese only 2 percent of world population but worlds largest spenders on life insurance at 18% of total premiums

"Weekly tabloid Shukan Post reports that the average Japanese household pays 454,300 yen (approx. $5,300) a year in life insurance premiums. Despite being only 2% of the world’s population, Japan actually contributes 18% of the total insurance premiums of the world. Meaning, the average insurance spending in the country is $3,500 per capita, making it the highest in the world."

Source: 18% of world’s total insurance premiums paid by Japanese 

By Cherrie Lou Billones, 

December 26, 2012

http://japandailypress.com/18-of-worlds-total-insurance-premiums-paid-by-japanese-2620459