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Taiwan Insurance Report Q2 2016

Taiwan Insurance Report Q2 2016

BMI View: As of early 2016, we have revised down slightly our forecasts for premiums for both the life andthe non-life segments, in order to recognise the slightly less favourable economic prospects for GreaterChina and the rest of the Asia-Pacific region over the coming years. Nevertheless, the life insurers - whorepresent a key conduit for organised savings - should continue to enjoy growth in premiums of 5-6%annually through the forecast period. Non-life insurance premiums are expected to increase at a similarpace. Demographic trends mean that health insurance should remain something of a growth hotspot.Key Updates And Forecasts

Taking into consideration the results announced by the leading financial holding companies in relation to2015 (or periods to September), we estimate growth in life and non-life premiums of 2.1% and 4.2%respectively for 2015. Premiums in the two major segments are forecast to increase by 3.0% and 5.9%respectively in 2016. Particular companies have enjoyed considerably greater growth in first--yearpremiums as a result of targeted sales/marketing strategies. Some companies have been affected by thevolatility in global financial markets. However, many have restructured their balance sheets to reduce riskand/or to improve interest income spreads.

Demographic changes and marketing initiatives mean that several of the leading insurance groups areenjoying strong growth in sales of health and long-term care products.


BMI Industry View
Table: Headline Insurance Forecasts (Taiwan 2013-2020)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Taiwan 2013-2020)
Table: Life Insurance Claims (Taiwan 2008-2015)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Taiwan 2013-2020)
Table: Non-Life Insurance Claims (Taiwan 2009-2015)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Taiwan 2013-2020)
Insurance Risk/Reward Index
Asia Pacific Industry Risk/Reward Index
Table: Asia Pacific Insurance Risk/Reward Index Q216
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Market, 2007-2013 (USDmn)
Table: Life Insurance Market, 2007-2013 (%)
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Table: Non Life Insurance Market, 2007-2013 (USDmn)
Table: Non Life Insurance Market, 2007-2013 (%)
Company Profile
Allianz
Cathay Financial Holdings (Cathay Life/Cathay Century)
China Life (Taiwan)
Chunghwa Post
Fubon Financial (Fubon Life/Fubon Insurance)
Nan Shan Life
Shin Kong Financial Holding (Shin Kong Life)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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