An Approach for Estimation of Japanese Life Insurance Market using Agent Based Model

Abstract

The Japanese life insurance faces various changes of circumstance, e.g. deregulation of finance or revitalizationof Japan post. So, the future market seems vary unceitainty. For these drastic changes, it seems that the ordinal estimation method cannot work to estimate the future market. In this study, we attempt to estimate the Japanese life insurance market by using the concept of multi agent simulation.