Life Insurance in Taiwan

Life Insurance in Taiwan

  • January 2015
  • 35 pages
  • MarketLine
Report ID: 171675
Introduction

Life Insurance in Taiwan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Taiwan life insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

*The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2013 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

*The Taiwanese life insurance market is forecast to generate total gross written premiums of $57.0bn in 2014, representing a compound annual rate of change (CARC) of -4.4% between 2010 and 2014.

*The life insurance segment is expected to be the market's most lucrative in 2014, with total gross written premiums of $51.2bn, equivalent to 90% of the market's overall value.

*The performance of the market is forecast to accelerate, with an anticipated CAGR of 1.6% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $61.8bn by the end of 2019.

Features

Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance market in Taiwan

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Taiwan

Leading company profiles reveal details of key life insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Taiwan life insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Taiwan economy

Key Questions Answered

What was the size of the Taiwan life insurance market by value in 2014?

What will be the size of the Taiwan life insurance market in 2019?

What factors are affecting the strength of competition in the Taiwan life insurance market?

How has the market performed over the last five years?

TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
Cathay Life Insurance Co., Ltd. 19
China Life Insurance Company Limited 22
Fubon Financial Holding Co., Ltd. 25
Shin Kong Financial Holding Co., Ltd. 28
Macroeconomic Indicators 31
Country Data 31
Appendix 33
Methodology 33
Industry associations 34
Related MarketLine research 34

LIST OF TABLES
Table 1: Taiwan life insurance market value: $ billion, 2010-14 8
Table 2: Taiwan life insurance market category segmentation: $ billion, 2014 9
Table 3: Taiwan life insurance market geography segmentation: $ billion, 2014 10
Table 4: Taiwan life insurance market share: % share, by value, 2014 11
Table 5: Taiwan life insurance market value forecast: $ billion, 2014-19 12
Table 6: Cathay Life Insurance Co., Ltd.: key facts 19
Table 7: Cathay Life Insurance Co., Ltd.: key financials ($) 20
Table 8: Cathay Life Insurance Co., Ltd.: key financials (NT$) 20
Table 9: Cathay Life Insurance Co., Ltd.: key financial ratios 21
Table 10: China Life Insurance Company Limited: key facts 22
Table 11: China Life Insurance Company Limited: key financials ($) 23
Table 12: China Life Insurance Company Limited: key financials (CNY) 23
Table 13: China Life Insurance Company Limited: key financial ratios 23
Table 14: Fubon Financial Holding Co., Ltd.: key facts 25
Table 15: Fubon Financial Holding Co., Ltd.: key financials ($) 26
Table 16: Fubon Financial Holding Co., Ltd.: key financials (NT$) 26
Table 17: Fubon Financial Holding Co., Ltd.: key financial ratios 26
Table 18: Shin Kong Financial Holding Co., Ltd.: key facts 28
Table 19: Shin Kong Financial Holding Co., Ltd.: key financials ($) 28
Table 20: Shin Kong Financial Holding Co., Ltd.: key financials (NT$) 29
Table 21: Shin Kong Financial Holding Co., Ltd.: key financial ratios 29
Table 22: Taiwan size of population (million), 2010-14 31
Table 23: Taiwan gdp (constant 2005 prices, $ billion), 2010-14 31
Table 24: Taiwan gdp (current prices, $ billion), 2010-14 31
Table 25: Taiwan inflation, 2010-14 32
Table 26: Taiwan consumer price index (absolute), 2010-14 32
Table 27: Taiwan exchange rate, 2010-14 32

LIST OF FIGURES
Figure 1: Taiwan life insurance market value: $ billion, 2010-14 8
Figure 2: Taiwan life insurance market category segmentation: % share, by value, 2014 9
Figure 3: Taiwan life insurance market geography segmentation: % share, by value, 2014 10
Figure 4: Taiwan life insurance market share: % share, by value, 2014 11
Figure 5: Taiwan life insurance market value forecast: $ billion, 2014-19 12
Figure 6: Forces driving competition in the life insurance market in Taiwan, 2014 13
Figure 7: Drivers of buyer power in the life insurance market in Taiwan, 2014 14
Figure 8: Drivers of supplier power in the life insurance market in Taiwan, 2014 15
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Taiwan, 2014 16
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Taiwan, 2014 17
Figure 11: Drivers of degree of rivalry in the life insurance market in Taiwan, 2014 18
Figure 12: Cathay Life Insurance Co., Ltd.: revenues & profitability 21
Figure 13: Cathay Life Insurance Co., Ltd.: assets & liabilities 21
Figure 14: China Life Insurance Company Limited: revenues & profitability 24
Figure 15: China Life Insurance Company Limited: assets & liabilities 24
Figure 16: Fubon Financial Holding Co., Ltd.: revenues & profitability 27
Figure 17: Fubon Financial Holding Co., Ltd.: assets & liabilities 27
Figure 18: Shin Kong Financial Holding Co., Ltd.: revenues & profitability 29
Figure 19: Shin Kong Financial Holding Co., Ltd.: assets & liabilities 30

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Country=Taiwan Industry=LifeInsurance ParentIndustry=Insurance Date=201501 Topic=MarketReport Publisher=MarketLine Price=1000