Lured by synergies and pressed by commoditization and low interest rates, Japanese banks and insurers are increasingly joining forces. But diverging goals remain a barrier to success.
That was the chief finding from RGA's 2019 survey of 24 major Japanese insurers. The survey also included 20 regional banks through a collaboration with Hoken No Madoguchi Group.
Bancassurance has become the dominant distribution channel for life insurance in the nation, making Japan a testing ground for innovations with important implications for other global markets. Download the highlights in our infographic, and to learn more about RGA’s research into bancassurance and alternative distribution trends, contact us.