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Taiwan Insurance Report Q4 2016

  • October 2016
  • -
  • Business Monitor International
  • -
  • 68 pages

Includes 3 FREE quarterly updates

BMI View:

We forecast further expansion in Taiwan's broad and well-developed insurance market over the next few years as rising household incomes and life expectancies continue to drive demand for life insurance and other lines. In the non-life market we see the health insurance sector continuing to grow at a fast pace, owing in large part to government efforts to promote investment in private health insurance. This trajectory should provide significant opportunities for investors and we note an increase in merger and acquisition activity in recent months. However, we also caution that a slowing Chinese economy poses a long-term threat to demand across the industry.


Key Updates And Forecasts

- In September 2016, leading indigenous life insurer Nan Shan Life finalised the acquisition of the small and medium enterprise general insurance business of US insurance group American International Group (AIG) for a reported USD158mn. The new entity will be named Nan Shan General Insurance and will be entirely owned by Nan Shan Life.

- In July 2016, Ant Financial, a subsidiary of Chinese e-commerce conglomerate Alibaba Group, acquired a 51% majority stake in Cathay Insurance, part of Cathay Financial Holdings. The merger is expected to allow Cathay to grow its online insurance business.

Table Of Contents

Taiwan Insurance Report Q4 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (Taiwan 2013-2020) 7
SWOT 9
Insurance 9
Industry Forecast 11
Life Premiums Forecast 11
Table: Life Premiums (Taiwan 2013-2020) 14
Table: Life Insurance Claims (Taiwan 2008-2015) 14
Non-Life Premiums Forecast 15
Table: Non-Life Premiums (Taiwan 2013-2020) 18
Table: Non-Life Insurance Claims (Taiwan 2009-2015) 20
Non-Life Sub-Sector Forecast 21
Table: Non-Life Insurance Premiums by Product Line (Taiwan 2013-2020) 28
Insurance Risk/Reward Index 31
Asia Pacific Industry Risk/Reward Index 31
Table: Asia Pacific Insurance Risk/Reward Index Q416 32
Market Overview 33
Life Market Overview 33
Product Offering 33
Competitive Landscape 34
Table: Life Insurance Market, 2007-2013 (USDmn) 35
Non-Life Market Overview 37
Product Offering 37
Competitive Landscape 37
Table: Non Life Insurance Market, 2008-2014 (USDmn) 39
Company Profile 41
Allianz 41
Cathay Financial Holdings (Cathay Life/Cathay Century) 44
China Life (Taiwan) 48
Chunghwa Post 51
Fubon Financial (Fubon Life/Fubon Insurance) 53
Nan Shan Life 57
Shin Kong Financial Holding (Shin Kong Life) 59
Methodology 62
Industry Forecast Methodology 62
Sector-Specific Methodology 63
Risk/Reward Index Methodology 65
Taiwan Insurance Report Q4 2016$$
Table: Indicators 67
Table: Weighting of Indicators 68

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