Taiwan insurance market one of the largest in Asia-Pacific

London 11/20/2012 12:57 PM GMT (TransWorldNews)

The Taiwanese insurance market recorded modest growth during the review period (2007-2011). The life insurance segment accounted for 81.8% of the total Taiwanese insurance written premiums in 2011. In terms of insurance penetration rates, Taiwan is one of the leading countries in the world. The Taiwanese insurance industry contains both domestic and foreign insurers and is one the largest insurance markets in the Asia-Pacific region. However, the non-life segment records weaker penetration rates in terms of GDP when compared with life insurance rates.

Key Highlights

• The Taiwanese insurance market recorded modest growth during the review period (2007-2011).

• In terms of insurance penetration rates, Taiwan is one of the leading countries in the world.

• The Taiwanese insurance industry contains both domestic and foreign insurers and is one the largest insurance markets in the Asia-Pacific region.

• Following the third-phase tariff deregulation in the automobile and fire categories in 2009, pricing pressure increased in the non-life segment.

• Per capita disposable income is increasing in Taiwan and consequently consumer demand for insurance products increased.

Report Scope

This report provides a comprehensive analysis of the insurance market in Taiwan:
• It provides historical values for the Taiwanese insurance market for the report's 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key segments and sub-segments in the Taiwanese insurance market, along with market forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
• It profiles the top insurance companies in Taiwan and outlines the key regulations affecting them



Click for Report details:The Insurance Industry in Taiwan, Key Trends and Opportunities to 2016



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