DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3xg5z2/reinsurance_in) has announced the addition of the "Reinsurance in Taiwan, Key Trends and Opportunities to 2017" report to their offering.
In terms of gross written premium, the Taiwanese reinsurance segment declined from TWN9.3 billion (US$0.3 billion) in 2008 to TWN8.3 billion (US$0.28 billion) in 2012, at a compound annual growth rate (CAGR) of -2.9% during the review period (2008-2012).
The negative growth in the segment was partly due to intense competition in conventional insurance segments, resulting in low earnings. Fierce pricing competition among conventional insurers and low profit margins also led to declines in reinsurance premium rates, which subsequently discouraged reinsurance business in Taiwan during the review period.
However, Taiwanese insurers are looking to grow beyond Taiwan; positive economic development and government policy reforms, including the establishment of trade services with Mainland China, will support the Taiwanese reinsurance segment over the forecast period (2012-2017).
- In terms of gross written premium, the Taiwanese reinsurance segment declined from TWN9.3 billion (US$300.0 million) in 2008 to TWN8.3 billion (US$280.0 million) in 2012, at a CAGR of -2.9% during the review period
- The percentage of premium ceded to reinsurers by the life insurance segment is expected to increase from 2.3% in 2012 to 3.4% in 2017
- The negative growth in the segment was partly a result of intense competition in conventional insurance, resulting in low earnings
- Competition in the insurance industry and low profit margins are leading to a reduction in reinsurance premium rates, which reduced the scope for reinsurance business in Taiwan during the review period
Key Topics Covered:
Taiwanese Insurance Industry Attractiveness
Key Insurance Industry Trends and Drivers
Competitive Landscape and Strategic Insights
Business Environment and Country Risk
List of Tables
List of Figures
RGA Global Reinsurance Company Ltd
Munich Reinsurance Company
Hannover Rück SE
Scor Global Life SE
For more information visit http://www.researchandmarkets.com/research/3xg5z2/reinsurance_in
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.