Non-Life Insurance in Taiwan, Key Trends and Opportunities to 2020
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GlobalData’s 'Non-Life Insurance in Taiwan, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Taiwanese non-life insurance segment, and a comparison of the Taiwanese insurance industry with its regional counterparts.
It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Taiwanese economy and demographics, explains the various types of natural hazard and their impact on the Taiwanese insurance industry, and provides detailed information on the competitive landscape in the country.
The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Taiwan:
• It provides historical values for the Taiwanese non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
• It offers a detailed analysis of the key categories in the Taiwanese non-life insurance segment, and market forecasts to 2020.
• It provides a comparison of the Taiwanese non-life insurance segment with its regional counterparts.
• It analyzes the various distribution channels for non-life insurance products in Taiwan.
• It analyzes various natural hazards and their impact on the Taiwanese insurance industry.
• It profiles the top non-life insurance companies in Taiwan, and outlines the key regulations affecting them.
Key Highlights
• Farm insurance, which was proposed by the government in August 2015, was introduced at the end of 2015, covering agricultural produce and equipment.
• Taiwan’s non-life segment accounted for 27.8% of the industry's gross written premium in 2015.
• In June 2015, the FSC introduced a regulation allowing domestic insurers to establish branches or subsidiaries in Hong Kong and Macau.
• Non-life insurance is dominated by the motor insurance category, which accounted for 61.2% of the non-life gross written premium in 2015. A low penetration rate of 0.7% offers opportunities for growth over the forecast period.
• The Taiwanese non-life segment is highly consolidated, with the top 10 companies accounting for 88.2% of the gross written premium in 2015.
Reasons to Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Taiwanese non-life insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Taiwanese non-life insurance segment.
• Assess the competitive dynamics in the non-life insurance segment.
• Identify growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Taiwanese insurance industry, and their impact on companies and the industry's future.
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