The entrance of Japan 's investment into Japan 's insurance market is expected to spur activity among domestic players looking to develop insurtech solutions . Online insurer ZhongAn 's low - cost , short - term policies are expected to be popular among younger Japanese customers . Analysts now expect incumbent Japanese insurers to develop technology - based services to tap into this demand . The likes of Tokio Marine and Sompo Japan Nipponkoa have already begun to introduce such products , setting up partnerships with foreign companies . ZhongAn is entering the Japanese market via a partnership it formed with Sompo in 2011 .
The entrance of China's ZhongAn into Japan's insurance market is expected to spur activity among domestic players looking to develop insurtech solutions. Online insurer ZhongAn's low-cost, short-term policies are expected to be popular among younger Japanese customers. Analysts now expect incumbent Japanese insurers to develop technology-based services to tap into this demand. The likes of Tokio Marine and Sompo Japan Nipponkoa have already looked to introduce such products, striking up partnerships with tech companies. ZhongAn is entering the Japanese market via a partnership it formed with Sompo in September.