Life Insurance & Pension in Taiwan
Description
Life Insurance & Pension in Taiwan
Summary
Life Insurance & Pension in Taiwan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Life Insurance & Pension in Taiwan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Life insurance is the financial cover for a contingency linked with human life, like death, disability, accident, retirement, etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is a loss of income to the household.
- The Taiwanese life insurance & pension market recorded gross written premiums of $59.2 billion in 2024, representing a negative compound annual growth rate (CAGR) of 9.5% between 2019 and 2024.
- The life insurance segment accounted for the market's largest proportion in 2024, with total gross written premiums of $51.5 billion, equivalent to 87.0% of the market's overall value.
- In 2024, Taiwan accounted for 5.2% share of the Asia-Pacific life insurance & pension market.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance & pension market in Taiwan
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in Taiwan
- Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Taiwan life insurance & pension market with five year forecasts
- What was the size of the Taiwan life insurance & pension market by value in 2024?
- What will be the size of the Taiwan life insurance & pension market in 2029?
- What factors are affecting the strength of competition in the Taiwan life insurance & pension market?
- How has the market performed over the last five years?
- How large is Taiwan’s life insurance & pension market in relation to its regional counterparts?
Table of Contents
38 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What are the strengths of the leading players?
- 7.4. What strategies do the leading players follow?
- 7.5. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Shin Kong Life Insurance Co Ltd
- 8.2. Nan Shan Life Insurance Co Ltd
- 8.3. Fubon Life Insurance Co., Ltd
- 8.4. Cathay Life Insurance Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Taiwan life insurance & pension market value: $ billion, 2019-24
- Table 2: Taiwan life insurance & pension market category segmentation: % share, by value, 2019-24
- Table 3: Taiwan life insurance & pension market category segmentation: $ billion, 2019-24
- Table 4: Taiwan life insurance & pension market geography segmentation: $ billion, 2024
- Table 5: Taiwan life insurance & pension market value forecast: $ billion, 2024-29
- Table 6: Taiwan life insurance & pension market share: % share, by value, 2024
- Table 7: Shin Kong Life Insurance Co Ltd: Key Facts
- Table 8: Nan Shan Life Insurance Co Ltd: Key Facts
- Table 9: Nan Shan Life Insurance Co Ltd: Key Employees
- Table 10: Fubon Life Insurance Co., Ltd: Key Facts
- Table 11: Fubon Life Insurance Co., Ltd: Key Employees
- Table 12: Cathay Life Insurance Co Ltd: Key Facts
- Table 13: Cathay Life Insurance Co Ltd: Key Employees
- Table 14: Taiwan Size of Population (Million), 2020-24
- Table 15: Taiwan Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 16: Taiwan GDP (Current Prices, $ Billion), 2020-24
- Table 17: Taiwan Inflation, 2020-24
- Table 18: Taiwan Consumer Price Index (Absolute), 2020-24
- Table 19: Taiwan Exchange Rate, 2019-24
- List of Figures
- Figure 1: Taiwan life insurance & pension market value: $ billion, 2019-24
- Figure 2: Taiwan life insurance & pension market category segmentation: $ billion, 2019-24
- Figure 3: Taiwan life insurance & pension market geography segmentation: % share, by value, 2024
- Figure 4: Taiwan life insurance & pension market value forecast: $ billion, 2024-29
- Figure 5: Forces driving competition in the life insurance & pension market in Taiwan, 2024
- Figure 6: Drivers of buyer power in the life insurance & pension market in Taiwan, 2024
- Figure 7: Drivers of supplier power in the life insurance & pension market in Taiwan, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Taiwan, 2024
- Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Taiwan, 2024
- Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Taiwan, 2024
- Figure 11: Taiwan life insurance & pension market share: % share, by value, 2024
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