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Taiwan Insurance Report Q2 2016

  • April 2016
  • -
  • Business Monitor International
  • -
  • 65 pages

Includes 3 FREE quarterly updates

BMI View: As of early 2016, we have revised down slightly our forecasts for premiums for both the life andthe non-life segments, in order to recognise the slightly less favourable economic prospects for GreaterChina and the rest of the Asia-Pacific region over the coming years. Nevertheless, the life insurers - whorepresent a key conduit for organised savings - should continue to enjoy growth in premiums of 5-6%annually through the forecast period. Non-life insurance premiums are expected to increase at a similarpace. Demographic trends mean that health insurance should remain something of a growth hotspot.

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 2.1% and 4.2%respectively for 2015. Premiums in the two major segments are forecast to increase by 3.0% and 5.9%respectively in 2016. Particular companies have enjoyed considerably greater growth in first--yearpremiums as a result of targeted sales/marketing strategies. Some companies have been affected by thevolatility in global financial markets. However, many have restructured their balance sheets to reduce riskand/or to improve interest 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.

Table Of Contents

Taiwan Insurance Report Q2 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 Q216 29
Market Overview 30
Life Market Overview 30
The Product Offering 30
The Competitive Landscape 31
Table: Life Insurance Market, 2007-2013 (USDmn) 32
Table: Life Insurance Market, 2007-2013 (%) 33
Non-Life Market Overview 35
The Product Offering 35
The Competitive Landscape 35
Table: Non Life Insurance Market, 2007-2013 (USDmn) 37
Table: Non Life Insurance Market, 2007-2013 (%) 38
Company Profile 39
Allianz 39
Cathay Financial Holdings (Cathay Life/Cathay Century) 42
China Life (Taiwan) 46
Chunghwa Post 49
Fubon Financial (Fubon Life/Fubon Insurance) 51
Nan Shan Life 54
Shin Kong Financial Holding (Shin Kong Life) 56
Methodology 59
Industry Forecast Methodology 59
Risk/Reward Index Methodology 62
Table: Indicators 64
Table: Weighting of Indicators 65

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