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Personal Accident and Health Insurance in Taiwan, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Taiwan, Key Trends and Opportunities to 2020

Synopsis

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

It provides 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, 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 'Personal Accident and Health Insurance in Taiwan Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Taiwanese personal accident and health insurance segment, including:

  • An overview of the Taiwanese personal accident and health insurance segment
  • The Taiwanese personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Taiwanese economy and demographics
  • A comparison of the Taiwanese personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Taiwanese personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Taiwan
  • Details of regulatory policy applicable to the Taiwanese insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Taiwan:
  • It provides historical values for the Taiwanese personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Taiwanese personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Taiwan.
  • It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Taiwanese personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health 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
  • High consumer awareness, favorable demographic structure and a low combined ratio provided insurers with profitable growth opportunities during the review period.
  • In October 2014, the Financial Supervisory Commission (FSC) approved the deregulation plan and tax reforms, allowing domestic insurers to sell health insurance products to Chinese customers.
  • In May 2016, the FSC allowed insurers to collect payment through electronic media for Offshore Insurance Units (OIUs).
  • Direct marketing was the largest distribution channel, accounting for 91.0% of the segment’s direct written premium in 2015. Brokers were the second largest distribution channel, accounting for 7.4%.
  • The segment is consolidated, as the 10 leading insurers accounted for 89.0% of the segment’s gross written premium. There were 43 insurers operating in the Taiwanese personal accident and health segment in 2015.


  • Key Facts and Highlights
    • Table Taiwanese Personal Accident and Health Insurance - Key Facts, 2015
    • Table Taiwanese Personal Accident and Health 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 Personal Accident and Health Insurance - Gross Written Premium (TWD Billion and US$ Billion), 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Gross Written Premium (TWD Billion and US$ Billion), 2015-2020
        • Table Taiwanese Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Taiwanese Personal Accident and Health Insurance - Premium per Capita (TWD and US$), 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Premium per Capita (TWD and US$), 2015-2020
      • Claims
        • Table Taiwanese Personal Accident and Health Insurance - Paid Claims (TWD Billion and US$ Billion), 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Paid Claims (TWD Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Taiwanese Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Taiwanese Personal Accident and Health Insurance - Total Assets (TWD Trillion and US$ Billion), 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Total Assets (TWD Trillion and US$ Billion), 2015-2020
        • Table Taiwanese Personal Accident and Health Insurance - Total Investment Income (TWD Billion and US$ Billion), 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Total Investment Income (TWD Billion and US$ Billion), 2015-2020
        • Table Taiwanese Personal Accident and Health Insurance - Investment Portfolio (TWD Billion), 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Investment Portfolio (TWD Billion), 2015-2020
  • Outlook by Category
    • Table Taiwanese Personal Accident and Health Insurance - Direct Written Premium by Category (TWD Billion), 2011-2015
    • Table Taiwanese Personal Accident and Health Insurance - Direct Written Premium by Category (TWD Billion), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Taiwanese Personal Accident Insurance - Direct Written Premium (TWD Billion and US$ Billion), 2011-2015
        • Table Taiwanese Personal Accident Insurance - Direct Written Premium (TWD Billion and US$ Billion), 2015-2020
      • Policies
        • Table Taiwanese Personal Accident Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Taiwanese Personal Accident Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Taiwanese Personal Accident Insurance - Paid Claims (TWD Billion and US$ Billion), 2011-2015
        • Table Taiwanese Personal Accident Insurance - Paid Claims (TWD Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Taiwanese Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Taiwanese Personal Accident Insurance - Loss Ratio (%), 2015-2020
    • Health Insurance
      • Premium
        • Table Taiwanese Health Insurance - Direct Written Premium by Sub-Category (TWD Billion), 2011-2015
        • Table Taiwanese Health Insurance - Direct Written Premium by Sub-Category (TWD Billion), 2015-2020
      • Policies
        • Table Taiwanese Health Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
        • Table Taiwanese Health Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Taiwanese Health Insurance - Paid Claims (TWD Billion and US$ Billion), 2011-2015
        • Table Taiwanese Health Insurance - Paid Claims (TWD Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Taiwanese Health Insurance - Loss Ratio (%), 2011-2015
        • Table Taiwanese Health Insurance - Loss Ratio (%), 2015-2020
    • Travel Insurance
      • Premium
        • Table Taiwanese Travel Insurance - Direct Written Premium (TWD Million), 2011-2015
        • Table Taiwanese Travel Insurance - Direct Written Premium (TWD Million), 2015-2020
      • Claims
        • Table Taiwanese Travel Insurance - Paid Claims (TWD Million and US$ Thousand), 2011-2015
        • Table Taiwanese Travel Insurance - Paid Claims (TWD Million and US$ Thousand), 2015-2020
      • Profitability
        • Table Taiwanese Travel Insurance - Loss Ratio (%), 2011-2015
        • Table Taiwanese Travel Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Taiwanese Personal Accident and Health Insurance - Direct Written Premium by Distribution Channel (TWD Billion), 2011-2015
      • Table Taiwanese Personal Accident and Health Insurance - Direct Written Premium by Distribution Channel (TWD Billion), 2015-2020
      • Table Taiwanese Personal Accident and Health Insurance - Percentage of Direct Written Premium Ceded, by Distribution Channel, 2011-2020
  • Competitive Landscape
    • Table Taiwanese Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Cathay Life Insurance Company Ltd - Company overview
        • Table Cathay Life Insurance Company Ltd - Key Facts
        • Table Cathay Life Insurance Company Ltd - Key Financials (TWD Million), 2011-2015
      • Nan Shan Life Insurance Company, Ltd - Company overview
        • Table Nan Shan Life Insurance Company, Ltd - Key Facts
        • Table Nan Shan Life Insurance Company, Ltd - Key Financials (TWD Million), 2011-2015
      • Fubon Life Insurance Co., Ltd - Company overview
        • Table Fubon Life Insurance Co., Ltd - Key Facts
        • Table Fubon Life Insurance Co., Ltd - Key Financials (TWD Million), 2011-2015
      • Shin Kong Life Insurance Co., Ltd - Company overview
        • Table Shin Kong Life Insurance Co., Ltd - Key Facts
        • Table Shin Kong Life Insurance Co., Ltd - Key Financials (TWD Million), 2011-2015
      • Mercuries Life Insurance Co., Ltd - Company overview
        • Table Mercuries Life Insurance Co., Ltd - Key Facts
        • Table Mercuries Life Insurance Co., Ltd - Key Financials (TWD Million), 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 Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Taiwanese Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Taiwanese Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Taiwanese Personal Accident and Health Insurance - Assets and Investments, 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Assets and Investments, 2015-2020
      • Direct marketing and e-commerce
        • Table Taiwanese Personal Accident and Health Insurance - Direct Marketing and ECommerce, 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Direct Marketing and ECommerce, 2015-2020
      • Insurance brokers and agencies
        • Table Taiwanese Personal Accident and Health Insurance - Insurance Brokers and Agencies, 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Insurance Brokers and Agencies, 2015-2020
      • Bancassurance and other distribution channels
        • Table Taiwanese Personal Accident and Health Insurance - Insurance Brokers and Agencies, 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Insurance Brokers and Agencies, 2015-2020
      • Personal accident insurance
        • Table Taiwanese Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
      • Health insurance
        • Table Taiwanese Personal Accident and Health Insurance - Health Insurance, 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Health Insurance, 2015-2020
      • Health insurance by product
        • Table Taiwanese Personal Accident and Health Insurance - Health by Product, 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Health by Product, 2015-2020
      • Travel insurance
        • Table Taiwanese Personal Accident and Health Insurance - Travel Insurance, 2011-2015
        • Table Taiwanese Personal Accident and Health Insurance - Travel 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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