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The Insurance Industry in Taiwan, Key Trends and Opportunities to 2016

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  • 1. The Insurance Industry in Taiwan, Key Trends andOpportunities to 2016Report Details:Published:October 2012No. of Pages: 132Price: Single User License – US$1950SynopsisThe report provides in depth market analysis, information and insights into the insurance market inTaiwan, including:•The Taiwanese insurance market’s growth prospects by insurance segments and sub-segments•The competitive landscape in the Taiwanese insurance market•The current trends and drivers of the Taiwanese insurance market•The challenges facing the Taiwanese insurance market•The regulatory framework of the Taiwanese insurance marketExecutive summaryThe 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 writtenpremiums in 2011. In terms of insurance penetration rates, Taiwan is one of the leading countriesin the world. The Taiwanese insurance industry contains both domestic and foreign insurers and isone the largest insurance markets in the Asia-Pacific region. However, the non-life segmentrecords weaker penetration rates in terms of GDP when compared with life insurance rates.ScopeThis 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 themKey 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.
  • 2. •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.Reasons to buy•Make strategic business decisions using in depth historic and forecast market data related in the Taiwanese insurance industry and each segment within it•Understand the demand-side dynamics, key market trends and growth opportunities within the Taiwanese insurance market•Assess the competitive dynamics in the Taiwanese insurance market•Identify the growth opportunities and market dynamics within key segments•Gain insights into key regulations governing the Taiwanese insurance market and its impact on companies and the industrys futureGet your copy of this report @http://www.reportsnreports.com/reports/204160-the-insurance-industry-in-taiwan-key-trends-and-opportunities-to-2016.htmlMajor points covered in Table of Contents of this report includeTable of Contents1 Executive Summary2 Introduction2.1 What is this Report About?2.2 Definitions2.3 Methodology3 Taiwan Insurance Industry Overview3.1 Market Definition3.2 Taiwanese Insurance Industry – Market Size, 2007–20163.3 Key Industry Trends and Drivers3.4 Challenges3.5 Regulation4 Market Segmentation4.1 Life Insurance Growth Prospects by Category4.1.1 Individual life insurance category4.1.2 General annuity insurance category4.1.3 Group life insurance category4.2 Non-Life Insurance Growth Prospects by Category4.2.1 Property insurance category4.2.2 Motor insurance category4.2.3 Liability insurance category4.2.4 Marine, aviation and transit insurance category4.3 Personal Accident and Health Insurance
  • 3. 4.3.1 Health insurance category4.3.2 Personal accident insurance category5 Competitive Landscape5.1 Overview5.2 Leading Companies5.2.1 Bank Taiwan Life Insurance Co., Ltd. – company overview5.2.2 Taiwan Life Insurance Co Ltd. – company overview5.2.3 PCA Life Assurance Company Limited. – company overview5.2.4 Cathay Life Insurance Co., Ltd.– company overview5.2.5 American Life Insurance Company (Taiwan) – company overview5.2.6 Manulife (International) Limited – company overview5.2.7 Taiwan Fire & Marine Insurance Co., Ltd. – company overview5.2.8 Chung Kuo Insurance Company, Limited – company overview5.2.9 Fubon Insurance Company Ltd – company overview5.2.10 Zurich Insurance (Taiwan) Ltd. – company overview6 Macroeconomic Indicators6.1 GDP at Constant Prices (US dollar)6.2 GDP Per Capita at Constant Prices (US dollar)GDP at Current Prices (US dollar) 1216.3 Construction Output at Current Prices (US$ Billion)6.4 Construction Net Output at Current Prices as a Percentage of GDP6.5 Arable Land6.6 Exports as a Percentage of GDP6.7 Healthcare Expenditure Per Capita6.8 Employed Population6.9 Annual Disposable Income6.1 Annual Disposable Income Per Capita6.11 Total Population7 Appendix7.1 Methodology7.2 Contact Us7.3 About Timetric7.4 DisclaimerList of TablesTable 1: Insurance Industry DefinitionsTable 2: Taiwanese Insurance Overall Written Premium by Segment (TWN Billion), 2007–2011Table 3: Taiwanese Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011Table 4: Taiwanese Insurance Overall Written Premium by Segment (TWN Billion), 2011–2016Table 5: Taiwanese Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016Table 6: Taiwanese Insurance Segmentation (% Share), 2007–2016Table 7: Taiwanese Life Insurance Written Premium by Category (TWN Billion), 2007–2011Table 8: Taiwanese Life Insurance Written Premium by Category (US$ Billion), 2007–2011
  • 4. Table 9: Taiwanese Life Insurance Written Premium by Category (TWN Billion), 2011–2016Table 10: Taiwanese Life Insurance Written Premium by Category (US$ Billion), 2011–2016Table 11: Taiwanese Life Insurance – Paid Claims (TWN Billion), 2007–2011Table 12: Taiwanese Life Insurance – Paid Claims (TWN Billion), 2011–2016Table 13: Taiwanese Life Insurance – Incurred Loss (TWN Billion), 2007–2011Table 14: Taiwanese Life Insurance – Incurred Loss (TWN Billion), 2011–2016Table 15: Taiwanese Life Insurance – Loss Ratio (%), 2007–2011Table 16: Taiwanese Life Insurance – Loss Ratio (%), 2011–2016Table 17: Taiwanese Life Insurance – Combined Ratio (%), 2007–2011Table 18: Taiwanese Life Insurance – Combined Ratio (%), 2011–2016Table 19: Taiwanese Life Insurance – Total Assets (TWN Billion), 2007–2011Table 20: Taiwanese Life Insurance – Total Assets (TWN Billion), 2011–2016Table 21: Taiwanese Life Insurance – Total Investment Income (TWN Billion), 2007–2011Table 22: Taiwanese Life Insurance – Total Investment Income (TWN Billion), 2011–2016Table 23: Taiwanese Life Insurance – Retentions (TWN Billion), 2007–2011Table 24: Taiwanese Life Insurance – Retentions (TWN Billion), 2011–2016Table 25: Taiwanese Life Insurance – Investment (TWN Billion), 2011–2016Table 26: Taiwanese Individual Life Insurance Category – Written Premium (TWN Billion),2007–2011Table 27: Taiwanese Individual Life Insurance Category – Written Premium (TWN Billion),2011–2016Table 28: Taiwanese General Annuity Insurance Category – Written Premium (TWN Billion),2007–2011Table 29: Taiwanese General Annuity Insurance Category – Written Premium (TWN Billion),2011–2016Table 30: Taiwanese Others Insurance Category – Written Premium (TWN Billion), 2007–2011Table 31: Taiwanese Others Insurance Category – Written Premium (TWN Billion), 2011–2016Table 32: Taiwanese Non-Life Insurance Written Premium by Category (TWN Billion), 2007–2011Table 33: Taiwanese Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011Table 34: Taiwanese Non-Life Insurance Written Premium by Category (TWN Billion), 2011–2016Table 35: Taiwanese Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016Table 36: Taiwanese Non-Life Insurance Market – Paid Claim (TWN Billion), 2007–2011Table 37: Taiwanese Non-Life Insurance Market – Paid Claim (TWN Billion), 2011–2016Table 38: Taiwanese Non-Life Insurance Market – Incurred Loss (TWN Billion), 2007–2011Table 39: Taiwanese Non-Life Insurance Market – Incurred Loss (TWN Billion), 2011–2016Table 40: Taiwanese Non-Life Insurance – Loss Ratio (%), 2007–2011Table 41: Taiwanese Non-Life Insurance – Loss Ratio (%), 2011–2016Table 42: Taiwanese Non-Life Insurance – Combined Ratio (%), 2007–2011Table 43: Taiwanese Non-Life Insurance – Combined Ratio (%), 2011–2016Table 44: Taiwanese Non-Life Insurance – Total Assets (TWN Billion), 2007–2011Table 45: Taiwanese Non-Life Insurance – Total Assets (TWN Billion), 2011–2016Table 46: Taiwanese Non-Life Insurance – Total Investment Income (TWN Billion), 2007–2011
  • 5. Table 47: Taiwanese Non-Life Insurance – Total Investment Income (TWN Billion), 2011–2016Table 48: Taiwanese Non-Life Insurance – Retentions (TWN Billion), 2007–2011Table 49: Taiwanese Non-Life Insurance – Retentions (TWN Billion), 2011–2016Table 50: Taiwanese Property Insurance Category – Written Premium (TWN Billion), 2007–2011Table 51: Taiwanese Property Insurance Category – Written Premium (TWN Billion), 2011–2016Table 52: Taiwanese Motor Insurance Category – Written Premium (TWN Billion), 2007–2011Table 53: Taiwanese Motor Insurance Category – Written Premium (TWN Billion), 2011–2016Table 54: Taiwanese Liability Insurance Category – Written Premium (TWN Billion), 2007–2011Table 55: Taiwanese Liability Insurance Category – Written Premium (TWN Billion), 2011–2016Table 56: Taiwanese Marine, Aviation and Transit Insurance Category – Written Premium (TWNBillion), 2007–2011Table 57: Taiwanese Marine, Aviation and Transit Insurance Category – Written Premium (TWNBillion), 2011–2016Table 58: Taiwanese Personal Accident and Health Insurance Written Premium by Category(TWN Billion), 2007–2011Table 59: Taiwanese Personal Accident and Health Insurance Written Premium by Category (US$Billion), 2007–2011Table 60: Taiwanese Personal Accident and Health Insurance Written Premium by Category(TWN Billion), 2011–2016Table 61: Taiwanese Personal Accident and Health Insurance Written Premium by Category (US$Billion), 2011–2016Table 62: Taiwanese Personal Accident and Health Insurance – Paid Claim (TWN Billion),2007–2011Table 63: Taiwanese Personal Accident and Health Insurance – Paid Claim (TWN Billion),2011–2016Table 64: Taiwanese Personal Accident and Health Insurance – Incurred Loss (TWN Billion),2007–2011Table 65: Taiwanese Personal Accident and Health Insurance Market – Incurred Loss (TWNBillion), 2011–2016Table 66: Taiwanese Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011Table 67: Taiwanese Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016Table 68: Taiwanese Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011Table 69: Taiwanese Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016Table 70: Taiwanese Personal Accident and Health Insurance – Total Assets (TWN Billion),2007–2011Table 71: Taiwanese Personal Accident and Health Insurance – Total Assets (TWN Billion),2011–2016Table 72: Taiwanese Personal Accident and Health Insurance – Total Investment Income (TWNBillion), 2007–2011Table 73: Taiwanese Personal Accident and Health Insurance – Total Investment Income (TWNBillion), 2011–2016Table 74: Taiwanese Personal Accident and Health Insurance – Retentions (TWN Billion),
  • 6. 2007–2011Table 75: Taiwanese Personal Accident and Health Insurance – Retentions (TWN Billion),2011–2016Table 76: Taiwanese Health Insurance Category – Written Premium (TWN Billion), 2007–2011Table 77: Taiwanese Health Insurance Category – Written Premium (TWN Billion), 2011–2016Table 78: Taiwanese Personal Accident Insurance Category – Written Premium (TWN Billion),2007–2011Table 79: Taiwanese Personal Accident Insurance Category – Written Premium (TWN Billion),2011–2016Table 80: Taiwanese Insurance Market Share, 2011Table 81: Bank Taiwan Life Insurance Co., Ltd., Main ProductsTable 82: Bank Taiwan Life Insurance Co., Ltd., Key EmployeesTable 83: Taiwan Life Insurance Co Ltd., Main ProductsTable 84: Taiwan Life Insurance Co Ltd., Key EmployeesTable 85: PCA Life Assurance Company Limited , Main ProductsTable 86: PCA Life Assurance Company Limited , Key EmployeesTable 87: Cathay Life Insurance Co., Ltd. Main ProductsTable 88: Cathay Life Insurance Co., Ltd. Key EmployeesTable 89: American Life Insurance Company (Taiwan) , Main ProductsTable 90: American Life Insurance Company (Taiwan), Key EmployeesTable 91: Manulife (International) Limited, Main ProductsTable 92: Manulife (International) Limited, Key EmployeesTable 93: Taiwan Fire & Marine Insurance Co., Ltd., Main ProductsTable 94: Taiwan Fire & Marine Insurance Co., Ltd., Key EmployeesTable 95: Chung Kuo Insurance Company, Limited, Main ProductsTable 96: Chung Kuo Insurance Company, Limited, Key EmployeesTable 97: Fubon Insurance Company Ltd , Main ProductsTable 98: Fubon Insurance Company Ltd , Key EmployeesTable 99: Zurich Insurance (Taiwan) Ltd. , Main ProductsTable 100: Zurich Insurance (Taiwan) Ltd. Key EmployeesList of FiguresFigure 1: Taiwanese Insurance Overall Written Premium by Segment (TWN Billion), 2007–2016Figure 2: Taiwanese Insurance Market Dynamics by Segment, 2007–2016Figure 3: Taiwanese Life Insurance Written Premium by Category (TWN Billion), 2007–2016Figure 4: Taiwanese Life Insurance Written Premium by Category (% Share), 2011 and 2016Figure 5: Taiwanese Life Insurance Market Dynamics by Category, 2007–2016Figure 6: Taiwanese Life Insurance – Paid Claims (TWN Billion), 2007–2011Figure 7: Taiwanese Life Insurance – Paid Claims (TWN Billion), 2011–2016Figure 8: Taiwanese Life Insurance – Incurred Loss (TWN Billion), 2007–2011Figure 9: Taiwanese Life Insurance – Incurred Loss (TWN Billion), 2011–2016Figure 10: Taiwanese Life Insurance – Loss Ratio (%), 2007–2011Figure 11: Taiwanese Life Insurance – Loss Ratio (%), 2011–2016
  • 7. Figure 12: Taiwanese Life Insurance – Combined Ratio (%), 2007–2011Figure 13: Taiwanese Life Insurance – Combined Ratio (%), 2011–2016Figure 14: Taiwanese Life Insurance – Total Assets (TWN Billion), 2007–2011Figure 15: Taiwanese Life Insurance – Total Assets (TWN Billion), 2011–2016Figure 16: Taiwanese Life Insurance – Total Investment Income (TWN Billion), 2007–2011Figure 17: Taiwanese Life Insurance – Total Investment Income (TWN Billion), 2011–2016Figure 18: Taiwanese Life Insurance – Retentions (TWN Billion), 2007–2011Figure 19: Taiwanese Life Insurance – Retentions (TWN Billion), 2011–2016Figure 20: Taiwanese Life Insurance – Investment (TWN Billion), 2007–2011Figure 21: Taiwanese Life Insurance Penetration (% of GDP), 2007–2011Figure 22: Taiwanese Life Insurance – Premium Per-capita (TWN), 2007–2011Figure 23: Taiwanese Individual Life Insurance Category – Written Premium (TWN Billion),2007–2011Figure 24: Taiwanese Individual Life Insurance Category – Written Premium (TWN Billion),2011–2016Figure 25: Taiwanese General Annuity Insurance Category – Written Premium (TWN Billion),2007–2011Figure 26: Taiwanese General Annuity Insurance Category – Written Premium (TWN Billion),2011–2016Figure 27: Taiwanese Others Insurance Category – Written Premium (TWN Billion), 2007–2011Figure 28: Taiwanese Others Insurance Category – Written Premium (TWN Billion), 2011–2016Figure 29: Taiwanese Non-Life Insurance Written Premium by Category (TWN Billion), 2007–2016Figure 30: Taiwanese Non-Life Insurance Written Premium by Category (% Share), 2011 and2016Figure 31: Taiwanese Non-Life Insurance Market Dynamics by Category, 2007–2016Figure 32: Taiwanese Non-Life Insurance – Paid Claims by Category (TWN Billion), 2007–2011Figure 33: Taiwanese Non-Life Insurance – Paid Claims by Category (TWN Billion), 2011–2016Figure 34: Taiwanese Non-Life Insurance – Incurred Loss by Category (TWN Billion), 2007–2011Figure 35: Taiwanese Non-Life Insurance – Incurred Loss by Category (TWN Billion), 2011–2016Figure 36: Taiwanese Non-Life Insurance – Loss Ratio (%), 2007–2011Figure 37: Taiwanese Non-Life Insurance – Loss Ratio (%), 2011–2016Figure 38: Taiwanese Non-Life Insurance – Combined Ratio (%), 2007–2011Figure 39: Taiwanese Non-Life Insurance – Combined Ratio (%), 2011–2016Figure 40: Taiwanese Non-Life Insurance – Total Assets (TWN Billion), 2007–2011Figure 41: Taiwanese Non-Life Insurance – Total Assets (TWN Billion), 2011–2016Figure 42: Taiwanese Non-Life Insurance – Total Investment Income (TWN Billion), 2007–2011Figure 43: Taiwanese Non-Life Insurance – Total Investment Income (TWN Billion), 2011–2016Figure 44: Taiwanese Non-Life Insurance – Retentions (TWN Billion), 2007–2011Figure 45: Taiwanese Non-Life Insurance – Retentions (US$ Billion), 2011–2016Figure 46: Taiwanese Non-Life Insurance – Investment (TWN Billion), 2007–2011Figure 47: Taiwanese Non-Life Insurance Penetration (% of GDP), 2007–2011Figure 48: Taiwanese Non-Life Insurance – Premium Per Capita (TWN), 2007–2011
  • 8. Figure 49: Taiwanese Property Insurance Category – Written Premium (TWN Billion), 2007–2011Figure 50: Taiwanese Property Insurance Category – Written Premium (TWN Billion), 2011–2016Figure 51: Taiwanese Motor Insurance Category – Written Premium (TWN Billion), 2007–2011Figure 52: Taiwanese Motor Insurance Category – Written Premium (TWN Billion), 2011–2016Figure 53: Taiwanese Liability Insurance Category – Written Premium (TWN Billion), 2007–2011Figure 54: Taiwanese Liability Insurance Category – Written Premium (TWN Billion), 2011–2016Figure 55: Taiwanese Marine, Aviation and Transit Insurance Category – Written Premium (TWNBillion), 2007–2011Figure 56: Taiwanese Marine, Aviation and Transit Insurance Category – Written Premium (TWNBillion), 2011–2016Figure 57: Taiwanese Personal Accident and Health Insurance Written Premium by Category(TWN Billion), 2007–2016Figure 58: Taiwanese Personal Accident and Health Insurance Written Premium by Category (%Share), 2011 and 2016Figure 59: Taiwanese Personal Accident and Health Insurance Market Dynamics by Category,2007–2016Figure 60: Taiwanese Personal Accident and Health Insurance – Paid Claims by Category (TWNBillion), 2007–2011Figure 61: Taiwanese Personal Accident and Health Insurance – Paid Claims by Category (TWNBillion), 2011–2016Figure 62: Taiwanese Personal Accident and Health Insurance – Incurred Loss by Category (TWNBillion), 2007–2011Figure 63: Taiwanese Personal Accident and Health Insurance – Incurred Loss by Category (TWNBillion), 2011–2016Figure 64: Taiwanese Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011Figure 65: Taiwanese Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016Figure 66: Taiwanese Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011Figure 67: Taiwanese Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016Figure 68: Taiwanese Personal Accident and Health Insurance – Total Assets (TWN Billion),2007–2011Figure 69: Taiwanese Personal Accident and Health Insurance – Total Assets (TWN Billion),2011–2016Figure 70: Taiwanese Personal Accident and Health Insurance – Total Investment Income (TWNBillion), 2007–2011Figure 71: Taiwanese Personal Accident and Health Insurance – Total Investment Income (TWNBillion), 2011–2016Figure 72: Taiwanese Personal Accident and Health Insurance – Retentions (TWN Billion),2007–2011Figure 73: Taiwanese Personal Accident and Health Insurance – Retentions (US$ Billion),2011–2016Figure 74: Taiwanese Personal Accident and Health Insurance – Investment (TWN Billion),2007–2011
  • 9. Figure 75: Taiwanese Personal Accident and Health Insurance (Percentage of GDP), 2007–2011Figure 76: Taiwanese Personal Accident and Health Insurance – Premium Per Capita (TWN),2007–2011Figure 77: Taiwanese Health Insurance Category – Written Premium (TWN Billion), 2007–2011Figure 78: Taiwanese Health Insurance Category – Written Premium (TWN Billion), 2011–2016Figure 79: Taiwanese Personal Accident Insurance Category – Written Premium (TWN Billion),2007–2011Figure 80: Taiwanese Personal Accident Insurance Category – Written Premium (TWN Billion),2011–2016Figure 81: Taiwanese Insurance Market – Market Share 2011Figure 82: Taiwanese GDP at Constant Prices (US$ Billion), 2007–2011Figure 83: Taiwanese GDP Per Capita at Constant Prices (US$), 2007–2011Figure 84: Taiwanese GDP at Current Prices (US$ Billion), 2007–2011Figure 85: Taiwanese Construction Net Output at Current Prices (US$ Billion), 2007–2011Figure 86: Taiwanese Construction Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 87: Taiwanese Arable Land ( ‘000 hectares), 2007–2011Figure 88: Taiwanese Exports as a Percentage of GDP (%), 2007–2011Figure 89: Taiwanese Healthcare Expenditure Per Capita (US$), 2007–2011Figure 90: Taiwanese Employed Population (%), 2007–2011Figure 91: Taiwanese Annual Disposable Income (US$ Billion), 2007–2011Figure 92: Taiwanese Annual Disposable Income Per Capita (US$), 2007–2011Figure 93: Taiwanese Total Population (Million), 2007–2011Contact: sales@reportsandreports.com for more information.

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