Personal Accident and Health Insurance in Taiwan, Key Trends and Opportunities to 2020
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GlobalData’s 'Personal Accident and Health Insurance in Taiwan, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Taiwanese life insurance segment, and a comparison of the Taiwanese insurance industry with its regional counterparts.
It provides 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, 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 personal accident and health insurance segment in Taiwan:
• It provides historical values for the Taiwanese personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.
• It provides a comparison of the Taiwanese personal accident and health insurance segment with its regional counterparts
• It provides an overview of the various distribution channels for personal accident and health insurance products in Taiwan.
• It profiles the top personal accident and health insurance companies in Taiwan, and outlines the key regulations affecting them.
Key Highlights
• High consumer awareness, a favorable demographic structure and a low combined ratio provided insurers with profitable growth opportunities during the review period.
• In October 2014, the Financial Supervisory Commission (FSC) approved deregulation plans and tax reforms, allowing domestic insurers to sell health insurance products to Chinese customers.
• In May 2016, the FSC allowed insurers to collect payment through electronic media for Offshore Insurance Units.
• Direct marketing was the largest distribution channel, accounting for 91.0% of the segment’s direct written premium in 2015. Brokers were the second-largest distribution channel, accounting for 7.4%.
• The segment is consolidated, with the 10 leading insurers accounting for 89.0% of the segment’s gross written premium. There were 43 insurers operating in the Taiwanese personal accident and health segment in 2015.
Reasons to Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Taiwanese personal accident and health insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Taiwanese personal accident and health insurance segment.
• Assess the competitive dynamics in the personal accident and health 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.
Nan Shan Life
Fubon Life
Shin Kong Life
Mercuries Life
China Life
TransGlobe Life
Farglory Life
Taiwan Life
CIGNA
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