1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Taiwan Insurance Report Q3 2016

Taiwan Insurance Report Q3 2016

  • July 2016
  • -
  • Business Monitor International
  • -
  • 64 pages

Includes 3 FREE quarterly updates

BMI View: Slowing economic activity in the Asia Pacific region prompted us to revise down our 2016forecasts for premiums for both Taiwan's life and non-life sector in Q2. This outlook is set to continueowing to relatively stable economic forecasts for China and the Asia-Pacific region over the coming years.Life insurance will continue to drive growth in Taiwan's insurance market owing to an ageing populationand rising savings. In the non-life sector, health insurance will be the key driver of growth, particularly asthe government pushes the need for compulsory health insurance.Key Updates And Forecasts

- Taking into consideration the results announced by the leading financial holding companies in relation to2015 (or periods to September), we estimate growth in life and non-life premiums of 5.7% and 4.4%respectively for 2015 in local currency. Premiums in the two major segments are forecast to increase by2.4% and 6.4% respectively in 2016.

- Particular companies have enjoyed considerably greater growth in first-year premiums as a result oftargeted sales/marketing strategies. Some companies have been affected by the volatility in globalfinancial markets. However, many have restructured their balance sheets to reduce risk and/or to improveinterest income spreads.

- Demographic changes and marketing initiatives mean that several of the leading insurance groups areenjoying strong growth in sales of health and long-term care products.

- Total gross premiums written are expected to grow by 3.1% in 2016 to TWD3,158bn.

Table Of Contents

Taiwan Insurance Report Q3 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (Taiwan 2013-2020) 7
SWOT 8
Insurance 8
Industry Forecast 10
Life Premiums Forecast 10
Table: Life Premiums (Taiwan 2013-2020) 13
Table: Life Insurance Claims (Taiwan 2008-2015) 13
Non-Life Premiums Forecast 14
Table: Non-Life Premiums (Taiwan 2013-2020) 16
Table: Non-Life Insurance Claims (Taiwan 2009-2015) 18
Non-Life Sub-Sector Forecast 19
Table: Non-Life Insurance Premiums by Product Line (Taiwan 2013-2020) 26
Insurance Risk/Reward Index 28
Asia Pacific Industry Risk/Reward Index 28
Table: Asia Pacific Insurance Risk/Reward Index Q316 29
Market Overview 30
Life Market Overview 30
Product Offering 30
Competitive Landscape 31
Table: Life Insurance Market, 2007-2013 (USDmn) 32
Non-Life Market Overview 34
Product Offering 34
Competitive Landscape 34
Table: Non Life Insurance Market, 2007-2013 (USDmn) 36
Company Profile 38
Allianz 38
Cathay Financial Holdings (Cathay Life/Cathay Century) 41
China Life (Taiwan) 45
Chunghwa Post 48
Fubon Financial (Fubon Life/Fubon Insurance) 50
Nan Shan Life 53
Shin Kong Financial Holding (Shin Kong Life) 55
Methodology 58
Industry Forecast Methodology 58
Risk/Reward Index Methodology 61
Table: Indicators 63
Table: Weighting of Indicators 64

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • October 2016
  • by Timetric

Synopsis Timetric’s 'The Insurance Industry in Belarus, Key Trends and Opportunities to 2020' report provides a detailed analysis of Belarusian insurance industry. It provides key performance indicators ...

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • September 2016
  • by Timetric

Synopsis Timetric’s 'The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020' report provides a detailed analysis of Montenegrin insurance industry. It provides key performance indicators ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.