Japan bancassurance distribution overlay matrix

TL;DR

日本的银行保险（银行窗口销售 / 窗口销售）在 2001 年至 2007 年间分三阶段自由化，如今已成为外币年金、外币一次性缴费储蓄型、附医疗特约的平准缴费外币终身寿险，以及日元一次性缴费储蓄型的主导渠道。本叠加矩阵映射各主要银行渠道经由哪家人寿保险公司、以何种经济条件进行销售。超大型银行渠道 — MUFG Bank、SMBC、Mizuho Bank、Resona Bank、Japan Post Bank — 与主要地方银行货架相结合，承载来自 Manulife、Prudential、AXA Japan、Dai-ichi Frontier Life（第一生命 HD 的银行保险系列公司）、MS Primary Life（MS&AD 的银行保险系列公司）、Sumitomo Life、Tokio Marine & Nichido Life、Sony Life、SBI Life（住信 SBI 网络银行联动）及 Aflac（Yucho 银行癌症保险合作）的产品配置。重要的矩阵轴：（1）专属对货架 — 银行渠道是销售单一保险公司还是数家精选构成的货架；（2）一次性缴费对平准缴费的产品划分 — 银行保险严重偏向一次性缴费储蓄型；（3）外币年金的主导 — USD／AUD 计价产品承载银行保险新业务价值的大部分；（4）佣金结构 — 一次性缴费产品的典型前置佣金比率显著高于平准缴费产品，并一直是金融厅长期的行为监管议题；（5）包括 SBI 收购后 SBI Shinsei Bank / SBI Life 分组在内的近期再合作变更；以及（6）金融厅行为规则压力 — 对老年客户的适合性、外币产品说明，以及佣金披露的进展。银行保险与 life insurance channel mix 中阐述的更广泛渠道架构相互作用，并与 foreign-life-affiliate positioning 的外资竞争对手集相互作用。

Wiki route

本页位于 insurance INDEX 之下，是 bancassurance economics Japan 的银行侧配套。请将其与 life insurance channel mix、the Japan life insurance big four entry、the life big-four overlay matrix、foreign-life-affiliate positioning、the agency / brokerage Japan landscape、the medical insurance rider product matrix、the kyosai vs FSA perimeter matrix、the Kampo Japan Post insurance entry、the internet life insurance business model、economic-value-based solvency 一同阅读，以了解影响保险公司如何为一次性缴费储蓄型定价的监管资本背景。

本叠加的清晰银行锚点包括 MUFG / MUFG Bank、SMBC Trust Bank / SMBC、Mizuho FG / Mizuho Bank、Resona HD / Resona Bank、Saitama Resona Bank、Japan Post Bank / Japan Post group、SBI Shinsei Bank、Sony Bank，以及 Nishi-Nippon City Bank / Higashi-Nippon Bank / Kita-Nippon Bank / Minami-Nippon Bank 等地方银行示例。保险公司锚点包括 Manulife Japan、Prudential Japan、AXA Japan、Sumitomo Life、Tokio Marine & Nichido Life、Mitsui Sumitomo Aioi Life、Dai-ichi Frontier Life、Sony Life、SBI Life、MS Primary Life、Aflac Japan、Kampo Life。

Why this matrix matters

将日本银行保险作为单一渠道来解读会掩盖底层的差异。其下存在三个结构性问题：

银行货架是专属还是精选？ 一些银行 - 保险公司关系对选定的产品线实际上是单一承保人（例如历史上的 Yucho 银行 / Aflac 癌症保险安排），而另一些则是为产品多元化而精选的多承保人货架。经济激励结构不同。
实际配置的产品组合是什么？ 一次性缴费外币年金按新业务价值是主导的银行保险产品；日元一次性缴费储蓄型与附医疗特约的平准缴费外币终身寿险居次。平准缴费的保障型定期寿险很少作为银行保险产品。
佣金结构与行为规则负担是什么？ 一次性缴费产品的前置佣金比率显著高于平准缴费产品。金融厅就对老年客户的适合性及外币产品说明施加了多年的行为规则压力。佣金披露的方向已逐渐转向更高的透明度。

下方矩阵将这些轴记录为路由，而非特定时点的美元数值。具体的佣金比率、货架构成及合作深度均为时点特定，应从各银行公布的分销披露、各保险公司的 IR 资料、金融厅的行为规则公布物，以及生保和全国银行协会的行业数据中取得出处。

MUFG channel — multi-shelf with selected exclusives

MUFG Bank 运营一个跨外币年金、日元一次性缴费储蓄型、附医疗特约外币终身寿险、平准缴费储蓄型及选定的医疗／癌症产品的多承保人银行保险货架。货架通常包括 Manulife、Prudential、Dai-ichi Frontier Life、MS Primary Life、AXA Japan、Sumitomo Life、Tokio Marine & Nichido Life 及其他，确切货架每财年都在演变。MUFG 集团的资产管理载体 MUFG Asset Management 是与银行保险货架并行的投资信托独立分销渠道。信托银行 trust-bank（经由三菱 UFJ 信托跨集团，另行）拥有自己的私人银行分销。

SMBC channel — large foreign-currency annuity shelf with SMBC Trust Bank private banking

SMBC 运营一个与 Manulife、Prudential、Dai-ichi Frontier Life、MS Primary Life、Sumitomo Life（集团系列公司）、AXA Japan 及其他构成的大型银行保险货架。SMBC Trust Bank 运营一个以外币产品为重点的高净值银行保险货架。该集团的人寿系列路径更为广泛，因为住友生命与 SMBC 有集团系列的历史 — 参见 the life big-four overlay matrix。

Mizuho channel — multi-shelf with Asset Management One overlap

Mizuho Bank 运营一个包括 Manulife、Prudential、Dai-ichi Frontier Life、MS Primary Life、Sumitomo Life、AXA Japan 及其他的多承保人货架。Mizuho Trust 私人银行部门拥有一个高净值银行保险货架。向 Asset Management One（第一生命 HD / 瑞穗 FG 合资）的资产管理联动与银行保险货架并行但有别。

Resona / Saitama Resona channel — retail-bancassurance specialty

Resona Bank 与 Saitama Resona Bank 运营一个具有强烈个人客户聚焦的零售银行保险货架。货架包括 Dai-ichi Frontier Life、MS Primary Life、Manulife、Sumitomo Life、AXA Japan 及其他。Resona 的零售聚焦在历史上使银行保险成为一项有意义的手续费收入贡献。

Japan Post Bank channel — Kampo Life + Aflac cancer + curated foreign-currency shelf

Japan Post Bank 按支店数是日本最大的单一银行保险渠道。结构性的产品配置为：

Kampo Life：经由邮局网络销售的与邮政相关的历史性人寿产品；受关于产品批准的特别法约束 — 参见 the Kampo Japan Post insurance entry。
Aflac 癌症保险：长期的结构性合作，Aflac 癌症产品经由 Yucho 银行 / 日本邮政（邮局）柜台分销。
外币年金与银行保险货架：与 Dai-ichi Frontier Life、MS Primary Life、Sumitomo Life、Manulife 及其他构成的精选货架。

邮政网络分销约束在主要渠道中独一无二，因为存在邮政民营化时代的法定框架。

SBI Shinsei Bank channel — SBI Life integration

SBI Shinsei Bank（旧新生银行 SBI HD 整合后）已将 SBI Life 整合进更广泛的 SBI 集团银行保险路径，与从新生继承的精选多承保人货架并列。SBI 生态还包括用于跨线分销的 SBI Securities 与 SBI Insurance Group。SBI Life 的直营线上渠道参见 the internet life model。

Sony Bank and other digital banks — bancassurance overlay

Sony Bank 运营一个以外币产品为重点的数字银行保险货架。Sony FG 伞下还包括 Sony Life（lifeplanner 渠道）与 Sony Insurance（线上非寿险）。相较于超大型银行网络，数字银行在更广泛意义上对银行保险而言是较小的渠道，但对高净值／较年轻数字客户细分而言很重要。

Regional bank shelves — wide carrier coverage

主要地方银行运营宽度各异的银行保险货架。典型货架包括 Dai-ichi Frontier Life、MS Primary Life、Manulife、Sumitomo Life 及其他。维基锚点集中的示例包括 Nishi-Nippon FHD 之下的 Nishi-Nippon City Bank，以及较小的 Higashi-Nippon Bank / Kita-Nippon Bank / Minami-Nippon Bank 示例；各地方银行的实际承保人货架因关系而异。

Big comparison matrix table

下方矩阵就驱动银行保险新业务价值的概念性产品配置，映射银行渠道 × 保险公司承保人。各货架上具体的承保人名称与货架深度均为时点特定；下方单元格是对概念性组合的示例，而非确定性的货架披露。

Bank channel identity and bancassurance role

Bank channel	Group parent	Branch reach	Bancassurance role tilt
[[megabanks/mufg-bank	MUFG Bank]]	[[megabanks/mufg	MUFG]]
[[megabanks/sumitomo-mitsui-banking-corp	SMBC]]	[[megabanks/sumitomo-mitsui-banking-corp	SMBC group]]
[[trust-banks/smbc-trust-bank	SMBC Trust Bank]]	SMBC	Private-banking channel
[[megabanks/mizuho-bank	Mizuho Bank]]	[[megabanks/mizuho-fg	Mizuho FG]]
[[trust-banks/mizuho-trust-bank	Mizuho Trust]]	Mizuho FG	Private-banking channel
[[megabanks/resona-bank	Resona Bank]]	[[megabanks/resona-hd	Resona HD]]
[[megabanks/saitama-resona-bank	Saitama Resona Bank]]	Resona HD	Regional / metropolitan-area retail bank
[[regional-banks/japan-post-bank	Japan Post Bank]]	[[megabanks/nippon-post	Japan Post group]]
[[regional-banks/sbi-shinsei-bank	SBI Shinsei Bank]]	[[megabanks/sbi-hd	SBI HD]]
[[regional-banks/sony-bank	Sony Bank]]	[[megabanks/sony-fg	Sony FG]]
Major regional banks	Various FG	Region-specific reach	Multi-carrier shelf

Insurer carrier × bank channel matrix (conceptual)

Insurer	MUFG Bank	SMBC	SMBC Trust	Mizuho Bank	Mizuho Trust	Resona / Saitama Resona	Japan Post Bank	SBI Shinsei Bank	Sony Bank	Regional bank shelf
[[life-insurers/manulife-japan	Manulife Japan]]	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Selective
[[life-insurers/prudential-japan	Prudential Japan]]	Yes	Yes	Yes	Yes	Yes	Selective	Selective	Selective	Selective
[[life-insurers/axa-japan	AXA Japan]]	Yes	Yes	Yes	Yes	Yes	Yes	Selective	Yes	Selective
[[life-insurers/sumitomo-life	Sumitomo Life]]	Yes	Yes (group affiliation route)	Yes	Yes	Yes	Yes	Yes	Yes	Selective
[[life-insurers/tokio-marine-nichido-life	Tokio Marine & Nichido Life]]	Yes	Yes	Yes	Yes	Yes	Yes	Selective	Selective	Selective
[[life-insurers/mitsui-sumitomo-aioi-life	Mitsui Sumitomo Aioi Life]]	Yes	Yes	Selective	Yes	Selective	Yes	Selective	Selective	Selective
[[life-insurers/dai-ichi-frontier-life	Dai-ichi Frontier Life]]	Yes	Yes	Yes	Yes (Dai-ichi / Mizuho AM JV linkage)	Yes	Yes	Yes	Yes	Selective
[[life-insurers/ms-primary-life	MS Primary Life]]	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Selective
[[life-insurers/sony-life	Sony Life]]	Selective	Selective	Selective	Selective	Selective	Selective	Selective	Selective	Yes (group route)
[[life-insurers/sbi-life	SBI Life]]	Selective	Selective	Selective	Selective	Selective	Selective	Selective	Yes (group route)	Selective
[[life-insurers/aflac-japan	Aflac Japan]] (cancer-specialty)	Selective	Selective	Selective	Selective	Selective	Selective	Yes (structural tie-up)	Selective	Selective
[[life-insurers/kampo-life	Kampo Life]]	n/a	n/a	n/a	n/a	n/a	n/a	Yes (Japan Post group route)	n/a	n/a

注：“Yes” 表示承保人在某一时点公开报告的产品配置中出现在该银行渠道的银行保险货架上；“Selective” 表示有限或产品特定的配置；“n/a” 表示在当前结构下不存在。具体货架构成随各财年及产品周期而变化。

Single-premium vs level-premium product split

Product category	Bancassurance presence	Notes
Foreign-currency single-premium annuity (USD / AUD)	Dominant bancassurance product by new business value	Largest commission and the central FSA conduct-rule focus
Foreign-currency single-premium whole-life	Major bancassurance product	Often bundled with medical rider
Yen single-premium savings (定額終身 / 一時払終身)	Major bancassurance product	Demand sensitive to rate environment
Foreign-currency level-premium whole-life with medical rider	Growing bancassurance product	Anchored by Manulife / Prudential / similar
Yen level-premium savings / annuity	Moderate bancassurance product	Smaller share than single-premium
Level-premium term protection	Limited bancassurance product	Tied-channel and agency dominant
Medical / cancer specialty	Selective bancassurance product	Japan Post Bank / Aflac structural tie-up is the largest single placement
Variable annuity (variable-return savings)	Historic bancassurance product; reduced after FSA-led product redesign	Replaced largely by foreign-currency annuity

Channel exclusivity and shelf curation

Bank channel	Exclusive / shelf tilt	Notes
MUFG Bank	Curated multi-carrier shelf	Group asset-management vehicle parallel
SMBC	Curated multi-carrier shelf	Sumitomo Life group affiliation route
Mizuho Bank	Curated multi-carrier shelf	Asset Management One parallel
Resona / Saitama Resona	Curated multi-carrier shelf	Retail focus
Japan Post Bank	Curated multi-carrier shelf + Kampo group route + Aflac structural cancer tie-up	Special-law / post-privatization-era constraints
SBI Shinsei Bank	Curated multi-carrier shelf + SBI Life group integration	Post-SBI HD acquisition realignment
Sony Bank	Curated multi-carrier shelf	Group Sony Life lifeplanner separately
Major regional banks	Curated multi-carrier shelf	Carrier set varies by relationship

Commission structure and conduct rules (conceptual)

Axis	Single-premium foreign-currency annuity	Level-premium foreign-currency whole-life	Yen single-premium savings	Level-premium yen savings	Medical / cancer
Typical commission tilt	Higher front-load	Mixed front-load and ongoing	Mid-range front-load	Lower front-load	Lower front-load
Suitability rule focus	Elderly customer + foreign-currency risk	Elderly customer + foreign-currency risk + medical rider explanation	Rate / market timing suitability	Standard suitability	Standard suitability
FSA conduct-rule attention	High (multi-year)	Increasing	Moderate	Standard	Standard
Commission-disclosure direction	Moving toward more transparency	Same	Same	Same	Same
Product redesign history	Variable annuity → foreign-currency annuity shift	Foreign-currency whole-life expansion	Periodic redesigns	Stable	Stable

Re-tie-up history and structural changes

Bank channel	Selected structural change
Japan Post Bank / Aflac	Long-running cancer-insurance distribution tie-up; capital and operational alignment evolved over time
Japan Post Bank / Kampo	Group-internal route under Japan Post group post-privatization
SBI Shinsei Bank / SBI Life	Post-2021–2023 SBI HD consolidation of legacy Shinsei Bank brought SBI Life closer into the bank’s bancassurance route
MUFG / SMBC / Mizuho	Periodic shelf rebalancing; foreign-currency annuity remained the dominant product family across cycles
Resona / Saitama Resona	Retail-bancassurance specialisation continued with periodic shelf review
Mizuho / Asset Management One	Dai-ichi Life HD / Mizuho FG joint venture in asset management; parallel to but distinct from the Mizuho bancassurance shelf
Sony Bank	Group route to Sony Life lifeplanner parallel to bancassurance shelf

Bank-side fee-income contribution (conceptual)

Bank channel	Bancassurance fee-income role
MUFG Bank	Material contributor to retail fee income; rebalanced against AM and other fee lines
SMBC	Material contributor; rebalanced against AM and securities cross-sell
Mizuho Bank	Material contributor; rebalanced against AM and securities cross-sell
Resona / Saitama Resona	Significant contributor to retail fee income
Japan Post Bank	Major contributor; Kampo route plus Aflac structural tie-up plus foreign-currency shelf
SBI Shinsei Bank	Growing contributor with SBI Life integration
Sony Bank	Selective contributor with foreign-currency emphasis
Major regional banks	Significant retail fee-income contributor at many regionals

Insurer-side new business value (NBV) channel mix

Insurer	Bancassurance NBV share (conceptual)	Notes
Manulife Japan	Significant — bancassurance is a primary channel	USD whole-life with medical rider anchor
Prudential Japan	Bancassurance + lifeplanner mix	Bancassurance is secondary to lifeplanner
AXA Japan	Multi-channel mix including bancassurance	Bancassurance is significant
Dai-ichi Frontier Life	Bancassurance is the primary channel by design	Dedicated bancassurance affiliate of Dai-ichi HD
MS Primary Life	Bancassurance is the primary channel by design	Dedicated bancassurance affiliate of MS&AD
Sumitomo Life	Tied + bancassurance + agency mix	Bancassurance complements tied sales force
Tokio Marine & Nichido Life	Agency + bancassurance mix	Bancassurance is secondary
Mitsui Sumitomo Aioi Life	Agency + bancassurance mix	Bancassurance is secondary
Sony Life	Lifeplanner-dominant	Bancassurance is limited
SBI Life	Online + group bancassurance	Bancassurance is growing via SBI Shinsei Bank route
Aflac Japan	Agency + corporate + Japan Post Bank tie-up	Bancassurance is a meaningful share via Japan Post Bank cancer route
Kampo Life	Japan Post Bank / Japan Post network	Group-internal distribution

FSA conduct-rule overlay

Rule area	Application	Notes
Suitability for elderly customers	All bancassurance sales	Multi-year FSA guidance evolution; product-explanation procedures and recorded confirmation required
Foreign-currency-product explanation	Foreign-currency annuity, foreign-currency whole-life	Required pre-sale explanation of FX risk and surrender-value FX exposure
Commission-disclosure direction	All bancassurance sales	Movement toward more transparency over multiple FSA initiatives
Cooling-off	Standard for life insurance contracts	Generally 8 days from earlier of contract / delivery
Product approval process	All FSA-perimeter products	Variable annuity wave was largely replaced by foreign-currency annuity after FSA-led product redesign
Solicitor / agent qualification	All bancassurance sales	Insurance solicitor license under Insurance Business Act

Foreign-currency annuity FX-risk transfer

Axis	Foreign-currency single-premium annuity	Yen single-premium savings
FX risk	Transferred to policyholder at issuance	None
Surrender-value behaviour	Foreign-currency-denominated; exposed to JPY appreciation	Yen-denominated; stable
Insurer balance sheet	Backed by foreign-currency bonds; less hedging cost than hedged-USD bond book	Backed by yen bonds; rate-cycle dominant
Customer profile	Older customers seeking yield uplift over JPY rates; some younger customers seeking diversification	Older customers seeking yen stability
Suitability sensitivity	High; FSA conduct-rule focus	Standard
ALM consequence for insurer	Asset / liability denominated in same foreign currency; FX risk net of policyholder behaviour	Standard yen ALM

Recent re-tie-up and structural changes (conceptual)

Event / theme	Detail
SBI HD consolidation of Shinsei Bank	[[regional-banks/sbi-shinsei-bank
Japan Post Bank / Aflac structural alignment	Capital alignment between Japan Post group and Aflac alongside the long-running distribution tie-up
Foreign-currency annuity dominance	Foreign-currency annuity remained the dominant single-premium bancassurance product family across the 2010s and 2020s
Variable annuity decline	Variable annuity was largely replaced by foreign-currency annuity after FSA-led product redesign in the 2010s
FSA suitability framework progression	Multi-year FSA Conduct Supervision pressure on suitability for elderly customers, foreign-currency-product explanation, and commission-disclosure direction
ESR rollout 2025	FSA economic-value-based solvency regime changes the capital treatment of foreign-currency annuity liabilities for the insurer — see [[insurance/economic-value-based-solvency
Bancassurance-dedicated affiliate model	[[life-insurers/dai-ichi-frontier-life

Historical and structural context

当前日本银行保险结构反映了三个自由化阶段及数十年的产品演变：

2001 年第一阶段自由化 允许银行在柜台销售选定的保险产品，始于与住房贷款挂钩的人寿保险及选定的储蓄型产品。
2002 年第二阶段自由化 扩大了许可的银行保险产品集。
2007 年完全自由化 取消了剩余的产品线限制，允许银行（在行为规则保障下）销售全范围的人寿保险产品。外币年金及附医疗特约外币终身寿险在此之后迅速扩张。
2007 年日本邮政民营化 在 Japan Post group 内部创设了 Japan Post Bank 与 Kampo Life。Yucho 银行柜台网络成为按支店数计最大的单一银行保险渠道。
2010 年代变额年金的衰退。金融厅主导的产品重新设计与行为规则压力降低了变额型储蓄的吸引力；外币年金成为替代的产品族。
2010 年代～2020 年代外币年金的主导，USD 与 AUD 计价的一次性缴费产品承载银行保险新业务价值的大部分。Manulife、Prudential、AXA、Dai-ichi Frontier Life、MS Primary Life 及 Sumitomo Life 位列最显著的供应商之中。
2021–2023 年 SBI 对新生银行的整合 将 SBI Life 及 SBI 集团的跨线分销带入一个主要的零售银行渠道。
2025 年 ESR 推出，在金融厅经济价值基础偿付能力制度之下，影响保险公司如何为外币年金负债定价，以及银行保险产品销售如何转换为资本消耗。
金融厅行为规则的周期性循环 持续演进着适合性框架、外币产品说明要求及佣金披露方向。

Decision use

在解读日本的银行渠道 × 保险公司关系时使用本矩阵，而非孤立地解读任一方。实务性的分析问题：

承保人货架重叠。 大多数超大型银行的货架在货架深度与产品配置上存在差异，却包含同一核心的银行保险承保人集（Manulife、Prudential、AXA、Dai-ichi Frontier、MS Primary、Sumitomo Life 等）。差异化在于选择性配置的长尾，以及专属／结构性合作。
集团系列路径。 一些承保人配置源自集团系列历史（SMBC / Sumitomo Life；瑞穗 / 第一经由 Asset Management One 的联动；Yucho 银行 / Kampo Life）。在没有集团系列叠加的情况下解读货架会遗漏结构性配置。
一次性缴费对平准缴费的经济性不同。 一次性缴费外币年金是最高佣金的产品族。附医疗特约的平准缴费外币终身寿险具有不同的佣金与客户画像组合。银行保险对保险公司 NBV 的贡献取决于组合。
行为规则负担。 金融厅就对老年客户的适合性及外币产品说明施加的多年行为规则压力，已重塑销售流程。披露与记录确认的负担对银行和保险公司双方都很重要。
Yucho 银行在结构上很特殊。 其支店网络触达、Aflac 癌症合作、Kampo 的集团内路径及外币货架共同使其成为最大的单一银行保险渠道。邮政民营化时代的法定框架是一项独特的结构性约束。
银行保险专属系列公司模式。 Dai-ichi Frontier Life 与 MS Primary Life 分别是 Dai-ichi HD 与 MS&AD 的专属银行保险系列公司。其唯一渠道是银行保险，这改变了各系列公司的收益相对于母集团如何转换。
ESR 对产品经济性的影响。 2025 年金融厅 ESR 推出重塑了外币年金负债的资本成本。随着承保人重新优化资本消耗，银行保险的产品定价与货架构成可能随时间变化。

Boundary cases / caveats

数值为概念性。 承保人货架构成、佣金比率、NBV 渠道划分及客户画像均为时点特定。来源为金融厅行为规则公布物、各银行公布的分销披露、各保险公司的 IR 资料、生保行业数据，以及全国银行协会的行业摘要。
“Yes” / “Selective” 单元格为示例。 矩阵基于广泛报告的银行保险货架，表示各承保人在各银行渠道上的概念性存在；某一财年逐产品的配置应对照该银行当前的银行保险披露加以确认。
地方银行货架差异很大。 主要地方银行的承保人构成因关系与历史系列而异。矩阵将地方银行笼统归并；具体的逐家地方银行货架需要单独审阅。
线上银行的银行保险规模更小。 Sony Bank 是维基锚点集中数字银行保险渠道里最大的；其他数字银行的货架更小。互联网直营人寿渠道（Lifenet、SBI Life 直营）另行存在 — 参见 the internet life model。
共济边界的替代。 银行保险牢固地处于金融厅边界之内。合作社（共济）边界拥有自身的会员分销路径 — 参见 the kyosai vs FSA perimeter matrix。
信托银行的银行保险。 SMBC 信托、瑞穗信托及三菱 UFJ 信托的私人银行渠道承载以外币产品为重点的独立高净值银行保险货架。这些并不总是以与超大型银行零售货架相同的颗粒度披露。
癌症专门配置。 Aflac 的癌症保险分销作为结构性合作渠道集中于 Yucho 银行，在其他银行渠道则为选择性。
Kampo Life 特别法。 Kampo Life 处于金融厅边界之内，但伴有邮政民营化后的产品批准与分销约束 — 参见 the Kampo entry。
再合作的敏感性。 承保人货架在每个财年及主要集团重组事件（尤其是 SBI HD / 新生银行整合）前后变化。矩阵捕捉了页面日期时点的概念性结构。
金融厅行为规则的进展。 适合性、外币产品说明及佣金披露规则持续演进。较新的金融厅举措可能改变银行保险经济性的方向。
变额年金遗留。 变额年金敞口从历史年份残留在保险公司资产负债表上；当前的银行保险流量由外币年金及附医疗特约外币终身寿险主导。

Sources

FSA: Regulated entities and licensed insurers.
FSA: News and publications hub (conduct supervision).
Seiho: Life Insurance Association member-company list.
Japanese Bankers Association: English information hub.
Bank of Japan: Statistics hub.
MUFG: Group corporate / IR.
SMBC Group (SMFG): Group corporate / IR.
Mizuho FG: Group corporate / IR.
Resona HD: Group corporate / IR.
Japan Post Bank: Corporate / IR.
Manulife Japan: Corporate.
Prudential Japan: Corporate.
Dai-ichi Frontier Life: Corporate.