DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4nf9d2/life_insurance_in) has announced the addition of the "Life Insurance in Taiwan, Key Trends and Opportunities to 2017" report to their offering.
The Taiwanese life insurance segment grew at a compound annual growth rate (CAGR) of 6.6% in terms of gross written premium during the review period (2008-2012), as a result of the strong performance of the individual life category, which grew at a healthy CAGR of 9.7%. However, the segment's growth slowed due to a decline in general annuity insurance and low interest rates in the country.
Fierce competition in the segment, which forced multinationals to exit Taiwan, and the current low interest rates are projected to affect the life segment's total growth over the forecast period. As a result, the segment is expected to post a lower CAGR of 3.7% over the forecast period (2012-2017).
Key Highlights
- The Taiwanese life insurance segment grew at a CAGR of 6.6% in terms of gross written premium during the review period
- During the review period, life insurance providers in Taiwan benefited from low combined ratios, resulting in underwriting profits
- Favorable demographic factors, such as increased life expectancy and a rise in the population aged 65 years and above, are likely to accelerate demand for life insurance products
- The strong social credibility and familiarity of Taiwanese banks as financial institutions aided the selling of annuities and unit-linked products during the review period
- The five leading companies collectively accounted for 68.5% of the segment's gross written premium in 2012
Key Topics Covered:
Executive Summary
Introduction
Life Insurance - Regional Benchmarking
Taiwanese Insurance Industry Attractiveness
Life Insurance Outlook
Analysis by Distribution Channel
Porter's Five Forces Analysis - Taiwanese Life Insurance
Reinsurance Growth Dynamics and Challenges
Governance, Risk and Compliance
Competitive Landscape and Strategic Insights
Business Environment and Country Risk
Appendix
List of Tables
List of Figures
Companies Mentioned
Cathay Life Insurance Co., Ltd
Fubon Life Insurance Co., Ltd
Nan Shan Life Insurance Company Ltd
Chunghwa Post Co., Ltd
Shin Kong Life Insurance Co., Ltd
China Life Insurance Co., Ltd
Mercuries Life Insurance Co., Ltd
Taiwan Life Insurance Co Ltd
Bank Taiwan Life Insurance Co., Ltd
Allianz Taiwan Life Insurance Co. Ltd
For more information visit http://www.researchandmarkets.com/research/4nf9d2/life_insurance_in
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