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

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/zmx77r/the_insurance) has announced the addition of the "The Insurance Industry in Taiwan, Key Trends and Opportunities to 2016" report to their offering.

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.

Companies Mentioned

Bank Taiwan Life Insurance Co., Ltd.

Taiwan Life Insurance Co Ltd

PCA Life Assurance Company Limited

Cathay Life Insurance Co., Ltd

American Life Insurance Company (Taiwan)

Manulife (International) Limited

Taiwan Fire & Marine Insurance Co., Ltd

Chung K

For more information visit http://www.researchandmarkets.com/research/zmx77r/the_insurance

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance