Strategic Market Intelligence: General Insurance in Taiwan - Key Trends and Opportunities to 2022

Strategic Market Intelligence: General Insurance in Taiwan - Key Trends and Opportunities to 2022

  • March 2019 •
  • 85 pages •
  • Report ID: 5754106 •
  • Format: PDF
Strategic Market Intelligence: General Insurance in Taiwan - Key Trends and Opportunities to 2022

Summary
Taiwan’s general insurance segment is expected to grow at a CAGR of 4.3% over the forecast period (2017-2022). The segment recorded DWP of TWD575.2 billion (US$18.9 billion) as of 2017. Retail insurance accounted for 69.9% of the general segment’s DWP, and is expected to grow at a CAGR of 4.1% over the forecast period, while the commercial segment is expected to grow at a CAGR of 0.9%.

The general insurance segment is dominated by personal accident and health insurance sub-segment, constituting 76.0% of the segment’s DWP in 2017. Motor and property are the second and third largest insurance sub-segments.

The Taiwanese general segment is dominated by domestic insurers.The presence of foreign insurers such as Chubb and Zurich makes the segment competitive.

It is also concentrated, with the 10 leading companies accounting for 74.6% of the segment’s DWP in 2017. Health insurance can be offered by both life and general insurers.

"Strategic Market Intelligence: General Insurance in Taiwan - Key Trends and Opportunities to 2022", report provides a detailed outlook by product category for the Taiwanese general insurance segment giving insurers access to information on segment dynamics and competitive advantages. It provides values for key performance indicators such as written premium, claims ratio and general insurance penetration during the review period (2013-2017) and forecast period (2017-2022).

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.

This report provides a comprehensive analysis of the general insurance segment in Taiwan -
- It provides historical values for the Taiwanese general insurance segment for the reports 2013-2017 review periods, and projected figures for the 2017-2022 forecast period.
- It offers a detailed analysis of the key categories in the Taiwanese general insurance segment, and market forecasts to 2022.
- It analyzes the various distribution channels for general insurance products in Taiwan.
- It analyzes various country risk governance indicators and their impact on the Taiwanese general insurance industry
- It profiles the top general insurance companies in Taiwan, and outlines the key regulations affecting them.

Scope
- Key insights and dynamics of the Taiwanese general insurance industry.
- Comparison of Taiwanese general insurance segments, along with premium trends and key profitability ratios.
- A comprehensive overview of the Taiwanese economy, government initiatives, FDI, country risk, investment opportunities and enterprise structure.
- Taiwan’s insurance regulatory framework’s evolution, key facts, taxation regime, licensing and capital requirements.
- Taiwan’s general insurance industry’s market structure giving details of retail and commercial lines of business with market shares.
- Distribution channels deployed by the Taiwanese general insurers.
- Details of the competitive landscape, M&A and competitors’ profiles.

Reasons to buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Taiwanese general insurance segment, and each category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in Taiwan’s general insurance segment.
- Assess the competitive dynamics in the general 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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