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Non-Life Insurance in Taiwan, Key Trends and Opportunities to 2020

Non-Life Insurance in Taiwan, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Taiwan Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Taiwanese non-life insurance segment, and a comparison of the Taiwanese insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Taiwanese economy and demographics, explains the various types of natural hazard and their impact on the Taiwanese insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in Taiwan Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Taiwanese non-life insurance segment, including:

  • The Taiwanese non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Taiwanese economy and demographics
  • A comparison of the Taiwanese non-life insurance segment with its regional counterparts
  • The various distribution channels in the Taiwanese non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Taiwanese insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Taiwan
  • Details of regulatory policy applicable to the Taiwanese insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Taiwan:
  • It provides historical values for the Taiwanese non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Taiwanese non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Taiwanese non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Taiwan.
  • It analyzes various natural hazards and their impact on the Taiwanese insurance industry
  • It profiles the top non-life insurance companies in Taiwan, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Taiwanese non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Taiwanese non-life insurance segment.
  • Assess the competitive dynamics in the non-life 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.
Key Highlights
  • Farm insurance, which was proposed by the government in August 2015, was introduced by the end of 2015. This covers agricultural produce and agricultural equipment.
  • Taiwan’s non-life segment accounted for 27.8% of the industry's gross written premium in 2015.
  • In June 2015, the FSC introduced a regulation allowing domestic insurers to establish branches or subsidiaries in Hong Kong and Macau.
  • Non-life segment is dominated by the motor insurance category, which accounted for 61.2% of the segment’s gross written premium in 2015. A low penetration rate of 0.7% offers opportunity for growth over the forecast period.
  • Taiwanese non-life segment is highly consolidated, with the top 10 companies accounting for 88.2% of the gross written premium in 2015.


  • Key Facts and Highlights
    • Table Taiwanese Non-Life Insurance - Key Facts, 2015
    • Table Taiwanese Non-Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Taiwanese Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Taiwanese Non-Life Insurance - Gross Written Premium (TWD Billion and US$ Billion), 2011-2015
        • Table Taiwanese Non-Life Insurance - Penetration (%), 2011-2015
        • Table Taiwanese Non-Life Insurance - Gross Written Premium (TWD Billion and US$ Billion), 2015-2020
        • Table Taiwanese Non-Life Insurance - Penetration (%), 2015-2020
        • Table Taiwanese Non-Life Insurance - Premium per Capita (TWD and US$), 2011-2015
        • Table Taiwanese Non-Life Insurance - Premium per Capita (TWD and US$), 2015-2020
      • Claims
        • Table Taiwanese Non-Life Insurance - Paid Claims (TWD Billion and US$ Billion), 2011-2015
        • Table Taiwanese Non-Life Insurance - Paid Claims (TWD Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Taiwanese Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Taiwanese Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Taiwanese Non-Life Insurance - Total Assets (TWD Billion and US$ Billion), 2011-2015
        • Table Taiwanese Non-Life Insurance - Total Assets (TWD Billion and US$ Billion), 2015-2020
        • Table Taiwanese Non-Life Insurance - Total Investment Income (TWD Billion and US$ Million), 2011-2015
        • Table Taiwanese Non-Life Insurance - Total Investment Income (TWD Billion and US$ Million), 2015-2020
        • Table Taiwanese Non-Life Insurance - Investment Portfolio (TWD Billion), 2011-2015
        • Table Taiwanese Non-Life Insurance - Investment Portfolio (TWD Billion), 2015-2020
  • Outlook by Category
    • Table Taiwanese Non-Life Insurance - Direct Written Premium by Category (TWD Billion),2011-2015
    • Table Taiwanese Non-Life Insurance - Direct Written Premium by Category (TWD Billion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Taiwanese Property Insurance - Direct Written Premium by Sub-Category (TWD Billion), 2011-2015
        • Table Taiwanese Property Insurance - Direct Written Premium by Sub-Category (TWD Billion), 2015-2020
      • Claims
        • Table Taiwanese Property Insurance - Paid Claims (TWD Billion and US$ Million), 2011-2015
        • Table Taiwanese Property Insurance - Paid Claims (TWD Billion and US$ Million), 2015-2020
      • Profitability
        • Table Taiwanese Property Insurance - Loss Ratio (%), 2011-2015
        • Table Taiwanese Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Taiwanese Motor Insurance - Direct Written Premium by Sub-Category (TWD Billion), 2011-2015
        • Table Taiwanese Motor Insurance - Direct Written Premium by Sub-Category (TWD Billion), 2015-2020
      • Policies sold
        • Table Taiwanese Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
        • Table Taiwanese Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Taiwanese Motor Insurance - Paid Claims (TWD Billion and US$ Billion), 2011-2015
        • Table Taiwanese Motor Insurance - Paid Claims (TWD Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Taiwanese Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Taiwanese Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Taiwanese Liability Insurance - Direct Written Premium by Sub-Category (TWD Billion), 2011-2015
        • Table Taiwanese Liability Insurance - Direct Written Premium by Sub-Category (TWD Billion), 2015-2020
      • Claims
        • Table Taiwanese Liability Insurance - Paid Claims (TWD Billion and US$ Million), 2011-2015
        • Table Taiwanese Liability Insurance - Paid Claims (TWD Billion and US$ Million), 2015-2020
      • Profitability
        • Table Taiwanese Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Taiwanese Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Taiwanese Transport Network - Global Rankings, 2013
      • Premium
        • Table Taiwanese Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (TWD Billion), 2011-2015
        • Table Taiwanese Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (TWD Billion), 2015-2020
      • Claims
        • Table Taiwanese Marine, Aviation and Transit Insurance - Paid Claims (TWD Billion and US$ Million), 2011-2015
        • Table Taiwanese Marine, Aviation and Transit Insurance - Paid Claims (TWD Billion and US$ Million), 2015-2020
      • Profitability
        • Table Taiwanese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Taiwanese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
  • Natural and Man-Made Hazards
    • Earthquakes
    • Typhoons and Storms
    • Exposure
  • Competitive Landscape
    • Table Taiwanese Insurance Industry - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Fubon Insurance Company Ltd - company overview
        • Table Fubon Insurance Company Ltd - Key Facts
        • Table Fubon Insurance Company Ltd - Key Financials (TWD Billion), 2011-2015
      • Cathay Century Insurance Co., Ltd - company overview
        • Table Cathay Century Insurance Co., Ltd - Key Facts
        • Table Cathay Century Insurance Co., Ltd - Key Financials (TWD Billion), 2011-2015
      • Shinkong Insurance Co., Ltd - company overview
        • Table Shinkong Insurance Co., Ltd - Key Facts
        • Table Shinkong Insurance Co., Ltd - Key Financials (TWD Billion), 2011-2015
      • MSIG Mingtai Insurance Co., Ltd - company overview
        • Table MSIG Mingtai Insurance Co., Ltd - Key Facts
        • Table MSIG Mingtai Insurance Co., Ltd - Key Financials (TWD Billion), 2011-2015
      • Tokio Marine Newa Insurance Co., Ltd - company overview
        • Table Tokio Marine Newa Insurance Co. Ltd - Key Facts
        • Table Tokio Marine Newa Insurance Co. Ltd - Key Financials (TWD Billion), 2011-2015
  • Governance, Risk and Compliance
    • Table Taiwan - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Taiwan - Life Insurance Regulatory Framework
      • Property insurance
        • Table Taiwan - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Taiwan - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Taiwan - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Automobile liability insurance
        • Table Taiwan - Premium Rates for Third-Party Liability Insurance - Motorcycles
        • Table Taiwan - Premium Rates for Third-Party Liability Insurance - Motor Vehicles
      • National Health Insurance (NHI)
      • Operators' liability insurance for vessel carrier
    • Supervision and Control
      • Insurance Bureau
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Taiwan - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Taiwanese Insurance Industry - Policies and Premium, 2011-2015
      • Table Taiwanese Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Taiwanese Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Taiwanese Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Taiwanese Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Taiwanese Non-Life Insurance - Assets and Investments, 2015-2020
    • Property Insurance
      • Table Taiwanese Non-Life Insurance - Property Insurance, 2011-2015
      • Table Taiwanese Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Taiwanese Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Taiwanese Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Taiwanese Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Taiwanese Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Taiwanese Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Taiwanese Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Taiwanese Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Taiwanese Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Taiwanese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Taiwanese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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