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The Insurance Industry in Taiwan, Key Trends and Opportunities to 2016

 

Dallas, TX -- (ReleaseWire) -- 11/08/2012 -- The report provides in depth market analysis, information and insights into the insurance market in Taiwan, including:

-The Taiwanese insurance market’s growth prospects by insurance segments and sub-segments
-The competitive landscape in the Taiwanese insurance market
-The current trends and drivers of the Taiwanese insurance market
-The challenges facing the Taiwanese insurance market
-The regulatory framework of the Taiwanese insurance market

Executive summary
The Taiwanese insurance market recorded modest growth during the review period (2007-2011). The life insurance segment accounted for 81.8% of the total Taiwanese insurance written premiums in 2011. In terms of insurance penetration rates, Taiwan is one of the leading countries in the world. The Taiwanese insurance industry contains both domestic and foreign insurers and is one the largest insurance markets in the Asia-Pacific region. However, the non-life segment records weaker penetration rates in terms of GDP when compared with life insurance rates.

Scope
This report provides a comprehensive analysis of the insurance market in Taiwan:
-It provides historical values for the Taiwanese insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period

-It offers a detailed analysis of the key segments and sub-segments in the Taiwanese insurance market, along with market forecasts until 2016

-It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions

-It profiles the top insurance companies in Taiwan and outlines the key regulations affecting them

Key highlights
-The Taiwanese insurance market recorded modest growth during the review period (2007-2011).

-In terms of insurance penetration rates, Taiwan is one of the leading countries in the world.

-The Taiwanese insurance industry contains both domestic and foreign insurers and is one the largest insurance markets in the Asia-Pacific region.

-Following the third-phase tariff deregulation in the automobile and fire categories in 2009, pricing pressure increased in the non-life segment.

-Per capita disposable income is increasing in Taiwan and consequently consumer demand for insurance products increased.

Reasons to buy
-Make strategic business decisions using in depth historic and forecast market data related in the Taiwanese insurance industry and each segment within it

-Understand the demand-side dynamics, key market trends and growth opportunities within the Taiwanese insurance market

-Assess the competitive dynamics in the Taiwanese insurance market

-Identify the growth opportunities and market dynamics within key segments

-Gain insights into key regulations governing the Taiwanese insurance market and its impact on companies and the industry's future

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