New Insurance market report from Timetric: "Reinsurance in Taiwan, Key Trends and Opportunities to 2017"

Boston, MA -- (ReleaseWire) -- 02/11/2014 --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).

Key Highlights

- 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

View Full Report Details and Table of Contents

Scope

This report provides a comprehensive analysis of the reinsurance segment in Taiwan:

- It provides historical values for Taiwan's reinsurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key categories in Taiwan's reinsurance segment, along with market forecasts until 2017
- It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Taiwan and its growth prospects

Reasons to Get This Report

- Make strategic business decisions using in-depth historic and forecast market data related to the Taiwanese reinsurance segment and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Taiwanese reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the Taiwanese insurance industry and its impact on companies and the market's future

Companies Mentioned in this Report: RGA Global Reinsurance Company Ltd, Munich Reinsurance Company, Hannover Ruck SE, Scor Global Life SE

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