December 27, 2012

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

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