1. The Insurance Industry in Taiwan, Key Trends and
Opportunities to 2016
Report Details:
Published:October 2012
No. of Pages: 132
Price: Single User License – US$1950
Synopsis
The report provides in depth market analysis, information and insights into the insurance market in
Taiwan, including:
•The Taiwanese insurance market’s growth prospects by insurance segments and sub-segments
•The competitive landscape in the Taiwanese insurance market
•The current trends and drivers of the Taiwanese insurance market
•The challenges facing the Taiwanese insurance market
•The regulatory framework of the Taiwanese insurance market
Executive summary
The Taiwanese insurance market recorded modest growth during the review period (2007-2011).
The life insurance segment accounted for 81.8% of the total Taiwanese insurance written
premiums in 2011. In terms of insurance penetration rates, Taiwan is one of the leading countries
in the world. The Taiwanese insurance industry contains both domestic and foreign insurers and is
one the largest insurance markets in the Asia-Pacific region. However, the non-life segment
records weaker penetration rates in terms of GDP when compared with life insurance rates.
Scope
This report provides a comprehensive analysis of the insurance market in Taiwan:
•It provides historical values for the Taiwanese insurance market for the report’s 2007–2011
review period and forecast figures for the 2012–2016 forecast period
•It offers a detailed analysis of the key segments and sub-segments in the Taiwanese insurance
market, along with market forecasts until 2016
•It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio,
commissions and expenses, combined ratio, total assets, total investment income and retentions
•It profiles the top insurance companies in Taiwan and outlines the key regulations affecting them
Key highlights
•The Taiwanese insurance market recorded modest growth during the review period (2007-2011).
•In terms of insurance penetration rates, Taiwan is one of the leading countries in the world.
•The Taiwanese insurance industry contains both domestic and foreign insurers and is one the
largest insurance markets in the Asia-Pacific region.

2. •Following the third-phase tariff deregulation in the automobile and fire categories in 2009, pricing
pressure increased in the non-life segment.
•Per capita disposable income is increasing in Taiwan and consequently consumer demand for
insurance products increased.
Reasons to buy
•Make strategic business decisions using in depth historic and forecast market data related in the
Taiwanese insurance industry and each segment within it
•Understand the demand-side dynamics, key market trends and growth opportunities within the
Taiwanese insurance market
•Assess the competitive dynamics in the Taiwanese insurance market
•Identify the growth opportunities and market dynamics within key segments
•Gain insights into key regulations governing the Taiwanese insurance market and its impact on
companies and the industry's future
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2016.html
Major points covered in Table of Contents of this report include
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Taiwan Insurance Industry Overview
3.1 Market Definition
3.2 Taiwanese Insurance Industry – Market Size, 2007–2016
3.3 Key Industry Trends and Drivers
3.4 Challenges
3.5 Regulation
4 Market Segmentation
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 General annuity insurance category
4.1.3 Group life insurance category
4.2 Non-Life Insurance Growth Prospects by Category
4.2.1 Property insurance category
4.2.2 Motor insurance category
4.2.3 Liability insurance category
4.2.4 Marine, aviation and transit insurance category
4.3 Personal Accident and Health Insurance

3. 4.3.1 Health insurance category
4.3.2 Personal accident insurance category
5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Bank Taiwan Life Insurance Co., Ltd. – company overview
5.2.2 Taiwan Life Insurance Co Ltd. – company overview
5.2.3 PCA Life Assurance Company Limited. – company overview
5.2.4 Cathay Life Insurance Co., Ltd.– company overview
5.2.5 American Life Insurance Company (Taiwan) – company overview
5.2.6 Manulife (International) Limited – company overview
5.2.7 Taiwan Fire & Marine Insurance Co., Ltd. – company overview
5.2.8 Chung Kuo Insurance Company, Limited – company overview
5.2.9 Fubon Insurance Company Ltd – company overview
5.2.10 Zurich Insurance (Taiwan) Ltd. – company overview
6 Macroeconomic Indicators
6.1 GDP at Constant Prices (US dollar)
6.2 GDP Per Capita at Constant Prices (US dollar)
GDP at Current Prices (US dollar) 121
6.3 Construction Output at Current Prices (US$ Billion)
6.4 Construction Net Output at Current Prices as a Percentage of GDP
6.5 Arable Land
6.6 Exports as a Percentage of GDP
6.7 Healthcare Expenditure Per Capita
6.8 Employed Population
6.9 Annual Disposable Income
6.1 Annual Disposable Income Per Capita
6.11 Total Population
7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Taiwanese Insurance Overall Written Premium by Segment (TWN Billion), 2007–2011
Table 3: Taiwanese Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Taiwanese Insurance Overall Written Premium by Segment (TWN Billion), 2011–2016
Table 5: Taiwanese Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Taiwanese Insurance Segmentation (% Share), 2007–2016
Table 7: Taiwanese Life Insurance Written Premium by Category (TWN Billion), 2007–2011
Table 8: Taiwanese Life Insurance Written Premium by Category (US$ Billion), 2007–2011

4. Table 9: Taiwanese Life Insurance Written Premium by Category (TWN Billion), 2011–2016
Table 10: Taiwanese Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Taiwanese Life Insurance – Paid Claims (TWN Billion), 2007–2011
Table 12: Taiwanese Life Insurance – Paid Claims (TWN Billion), 2011–2016
Table 13: Taiwanese Life Insurance – Incurred Loss (TWN Billion), 2007–2011
Table 14: Taiwanese Life Insurance – Incurred Loss (TWN Billion), 2011–2016
Table 15: Taiwanese Life Insurance – Loss Ratio (%), 2007–2011
Table 16: Taiwanese Life Insurance – Loss Ratio (%), 2011–2016
Table 17: Taiwanese Life Insurance – Combined Ratio (%), 2007–2011
Table 18: Taiwanese Life Insurance – Combined Ratio (%), 2011–2016
Table 19: Taiwanese Life Insurance – Total Assets (TWN Billion), 2007–2011
Table 20: Taiwanese Life Insurance – Total Assets (TWN Billion), 2011–2016
Table 21: Taiwanese Life Insurance – Total Investment Income (TWN Billion), 2007–2011
Table 22: Taiwanese Life Insurance – Total Investment Income (TWN Billion), 2011–2016
Table 23: Taiwanese Life Insurance – Retentions (TWN Billion), 2007–2011
Table 24: Taiwanese Life Insurance – Retentions (TWN Billion), 2011–2016
Table 25: Taiwanese Life Insurance – Investment (TWN Billion), 2011–2016
Table 26: Taiwanese Individual Life Insurance Category – Written Premium (TWN Billion),
2007–2011
Table 27: Taiwanese Individual Life Insurance Category – Written Premium (TWN Billion),
2011–2016
Table 28: Taiwanese General Annuity Insurance Category – Written Premium (TWN Billion),
2007–2011
Table 29: Taiwanese General Annuity Insurance Category – Written Premium (TWN Billion),
2011–2016
Table 30: Taiwanese Others Insurance Category – Written Premium (TWN Billion), 2007–2011
Table 31: Taiwanese Others Insurance Category – Written Premium (TWN Billion), 2011–2016
Table 32: Taiwanese Non-Life Insurance Written Premium by Category (TWN Billion), 2007–2011
Table 33: Taiwanese Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 34: Taiwanese Non-Life Insurance Written Premium by Category (TWN Billion), 2011–2016
Table 35: Taiwanese Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 36: Taiwanese Non-Life Insurance Market – Paid Claim (TWN Billion), 2007–2011
Table 37: Taiwanese Non-Life Insurance Market – Paid Claim (TWN Billion), 2011–2016
Table 38: Taiwanese Non-Life Insurance Market – Incurred Loss (TWN Billion), 2007–2011
Table 39: Taiwanese Non-Life Insurance Market – Incurred Loss (TWN Billion), 2011–2016
Table 40: Taiwanese Non-Life Insurance – Loss Ratio (%), 2007–2011
Table 41: Taiwanese Non-Life Insurance – Loss Ratio (%), 2011–2016
Table 42: Taiwanese Non-Life Insurance – Combined Ratio (%), 2007–2011
Table 43: Taiwanese Non-Life Insurance – Combined Ratio (%), 2011–2016
Table 44: Taiwanese Non-Life Insurance – Total Assets (TWN Billion), 2007–2011
Table 45: Taiwanese Non-Life Insurance – Total Assets (TWN Billion), 2011–2016
Table 46: Taiwanese Non-Life Insurance – Total Investment Income (TWN Billion), 2007–2011

5. Table 47: Taiwanese Non-Life Insurance – Total Investment Income (TWN Billion), 2011–2016
Table 48: Taiwanese Non-Life Insurance – Retentions (TWN Billion), 2007–2011
Table 49: Taiwanese Non-Life Insurance – Retentions (TWN Billion), 2011–2016
Table 50: Taiwanese Property Insurance Category – Written Premium (TWN Billion), 2007–2011
Table 51: Taiwanese Property Insurance Category – Written Premium (TWN Billion), 2011–2016
Table 52: Taiwanese Motor Insurance Category – Written Premium (TWN Billion), 2007–2011
Table 53: Taiwanese Motor Insurance Category – Written Premium (TWN Billion), 2011–2016
Table 54: Taiwanese Liability Insurance Category – Written Premium (TWN Billion), 2007–2011
Table 55: Taiwanese Liability Insurance Category – Written Premium (TWN Billion), 2011–2016
Table 56: Taiwanese Marine, Aviation and Transit Insurance Category – Written Premium (TWN
Billion), 2007–2011
Table 57: Taiwanese Marine, Aviation and Transit Insurance Category – Written Premium (TWN
Billion), 2011–2016
Table 58: Taiwanese Personal Accident and Health Insurance Written Premium by Category
(TWN Billion), 2007–2011
Table 59: Taiwanese Personal Accident and Health Insurance Written Premium by Category (US$
Billion), 2007–2011
Table 60: Taiwanese Personal Accident and Health Insurance Written Premium by Category
(TWN Billion), 2011–2016
Table 61: Taiwanese Personal Accident and Health Insurance Written Premium by Category (US$
Billion), 2011–2016
Table 62: Taiwanese Personal Accident and Health Insurance – Paid Claim (TWN Billion),
2007–2011
Table 63: Taiwanese Personal Accident and Health Insurance – Paid Claim (TWN Billion),
2011–2016
Table 64: Taiwanese Personal Accident and Health Insurance – Incurred Loss (TWN Billion),
2007–2011
Table 65: Taiwanese Personal Accident and Health Insurance Market – Incurred Loss (TWN
Billion), 2011–2016
Table 66: Taiwanese Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Table 67: Taiwanese Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016
Table 68: Taiwanese Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011
Table 69: Taiwanese Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016
Table 70: Taiwanese Personal Accident and Health Insurance – Total Assets (TWN Billion),
2007–2011
Table 71: Taiwanese Personal Accident and Health Insurance – Total Assets (TWN Billion),
2011–2016
Table 72: Taiwanese Personal Accident and Health Insurance – Total Investment Income (TWN
Billion), 2007–2011
Table 73: Taiwanese Personal Accident and Health Insurance – Total Investment Income (TWN
Billion), 2011–2016
Table 74: Taiwanese Personal Accident and Health Insurance – Retentions (TWN Billion),

6. 2007–2011
Table 75: Taiwanese Personal Accident and Health Insurance – Retentions (TWN Billion),
2011–2016
Table 76: Taiwanese Health Insurance Category – Written Premium (TWN Billion), 2007–2011
Table 77: Taiwanese Health Insurance Category – Written Premium (TWN Billion), 2011–2016
Table 78: Taiwanese Personal Accident Insurance Category – Written Premium (TWN Billion),
2007–2011
Table 79: Taiwanese Personal Accident Insurance Category – Written Premium (TWN Billion),
2011–2016
Table 80: Taiwanese Insurance Market Share, 2011
Table 81: Bank Taiwan Life Insurance Co., Ltd., Main Products
Table 82: Bank Taiwan Life Insurance Co., Ltd., Key Employees
Table 83: Taiwan Life Insurance Co Ltd., Main Products
Table 84: Taiwan Life Insurance Co Ltd., Key Employees
Table 85: PCA Life Assurance Company Limited , Main Products
Table 86: PCA Life Assurance Company Limited , Key Employees
Table 87: Cathay Life Insurance Co., Ltd. Main Products
Table 88: Cathay Life Insurance Co., Ltd. Key Employees
Table 89: American Life Insurance Company (Taiwan) , Main Products
Table 90: American Life Insurance Company (Taiwan), Key Employees
Table 91: Manulife (International) Limited, Main Products
Table 92: Manulife (International) Limited, Key Employees
Table 93: Taiwan Fire & Marine Insurance Co., Ltd., Main Products
Table 94: Taiwan Fire & Marine Insurance Co., Ltd., Key Employees
Table 95: Chung Kuo Insurance Company, Limited, Main Products
Table 96: Chung Kuo Insurance Company, Limited, Key Employees
Table 97: Fubon Insurance Company Ltd , Main Products
Table 98: Fubon Insurance Company Ltd , Key Employees
Table 99: Zurich Insurance (Taiwan) Ltd. , Main Products
Table 100: Zurich Insurance (Taiwan) Ltd. Key Employees
List of Figures
Figure 1: Taiwanese Insurance Overall Written Premium by Segment (TWN Billion), 2007–2016
Figure 2: Taiwanese Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Taiwanese Life Insurance Written Premium by Category (TWN Billion), 2007–2016
Figure 4: Taiwanese Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Taiwanese Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Taiwanese Life Insurance – Paid Claims (TWN Billion), 2007–2011
Figure 7: Taiwanese Life Insurance – Paid Claims (TWN Billion), 2011–2016
Figure 8: Taiwanese Life Insurance – Incurred Loss (TWN Billion), 2007–2011
Figure 9: Taiwanese Life Insurance – Incurred Loss (TWN Billion), 2011–2016
Figure 10: Taiwanese Life Insurance – Loss Ratio (%), 2007–2011
Figure 11: Taiwanese Life Insurance – Loss Ratio (%), 2011–2016

7. Figure 12: Taiwanese Life Insurance – Combined Ratio (%), 2007–2011
Figure 13: Taiwanese Life Insurance – Combined Ratio (%), 2011–2016
Figure 14: Taiwanese Life Insurance – Total Assets (TWN Billion), 2007–2011
Figure 15: Taiwanese Life Insurance – Total Assets (TWN Billion), 2011–2016
Figure 16: Taiwanese Life Insurance – Total Investment Income (TWN Billion), 2007–2011
Figure 17: Taiwanese Life Insurance – Total Investment Income (TWN Billion), 2011–2016
Figure 18: Taiwanese Life Insurance – Retentions (TWN Billion), 2007–2011
Figure 19: Taiwanese Life Insurance – Retentions (TWN Billion), 2011–2016
Figure 20: Taiwanese Life Insurance – Investment (TWN Billion), 2007–2011
Figure 21: Taiwanese Life Insurance Penetration (% of GDP), 2007–2011
Figure 22: Taiwanese Life Insurance – Premium Per-capita (TWN), 2007–2011
Figure 23: Taiwanese Individual Life Insurance Category – Written Premium (TWN Billion),
2007–2011
Figure 24: Taiwanese Individual Life Insurance Category – Written Premium (TWN Billion),
2011–2016
Figure 25: Taiwanese General Annuity Insurance Category – Written Premium (TWN Billion),
2007–2011
Figure 26: Taiwanese General Annuity Insurance Category – Written Premium (TWN Billion),
2011–2016
Figure 27: Taiwanese Others Insurance Category – Written Premium (TWN Billion), 2007–2011
Figure 28: Taiwanese Others Insurance Category – Written Premium (TWN Billion), 2011–2016
Figure 29: Taiwanese Non-Life Insurance Written Premium by Category (TWN Billion), 2007–2016
Figure 30: Taiwanese Non-Life Insurance Written Premium by Category (% Share), 2011 and
2016
Figure 31: Taiwanese Non-Life Insurance Market Dynamics by Category, 2007–2016
Figure 32: Taiwanese Non-Life Insurance – Paid Claims by Category (TWN Billion), 2007–2011
Figure 33: Taiwanese Non-Life Insurance – Paid Claims by Category (TWN Billion), 2011–2016
Figure 34: Taiwanese Non-Life Insurance – Incurred Loss by Category (TWN Billion), 2007–2011
Figure 35: Taiwanese Non-Life Insurance – Incurred Loss by Category (TWN Billion), 2011–2016
Figure 36: Taiwanese Non-Life Insurance – Loss Ratio (%), 2007–2011
Figure 37: Taiwanese Non-Life Insurance – Loss Ratio (%), 2011–2016
Figure 38: Taiwanese Non-Life Insurance – Combined Ratio (%), 2007–2011
Figure 39: Taiwanese Non-Life Insurance – Combined Ratio (%), 2011–2016
Figure 40: Taiwanese Non-Life Insurance – Total Assets (TWN Billion), 2007–2011
Figure 41: Taiwanese Non-Life Insurance – Total Assets (TWN Billion), 2011–2016
Figure 42: Taiwanese Non-Life Insurance – Total Investment Income (TWN Billion), 2007–2011
Figure 43: Taiwanese Non-Life Insurance – Total Investment Income (TWN Billion), 2011–2016
Figure 44: Taiwanese Non-Life Insurance – Retentions (TWN Billion), 2007–2011
Figure 45: Taiwanese Non-Life Insurance – Retentions (US$ Billion), 2011–2016
Figure 46: Taiwanese Non-Life Insurance – Investment (TWN Billion), 2007–2011
Figure 47: Taiwanese Non-Life Insurance Penetration (% of GDP), 2007–2011
Figure 48: Taiwanese Non-Life Insurance – Premium Per Capita (TWN), 2007–2011

8. Figure 49: Taiwanese Property Insurance Category – Written Premium (TWN Billion), 2007–2011
Figure 50: Taiwanese Property Insurance Category – Written Premium (TWN Billion), 2011–2016
Figure 51: Taiwanese Motor Insurance Category – Written Premium (TWN Billion), 2007–2011
Figure 52: Taiwanese Motor Insurance Category – Written Premium (TWN Billion), 2011–2016
Figure 53: Taiwanese Liability Insurance Category – Written Premium (TWN Billion), 2007–2011
Figure 54: Taiwanese Liability Insurance Category – Written Premium (TWN Billion), 2011–2016
Figure 55: Taiwanese Marine, Aviation and Transit Insurance Category – Written Premium (TWN
Billion), 2007–2011
Figure 56: Taiwanese Marine, Aviation and Transit Insurance Category – Written Premium (TWN
Billion), 2011–2016
Figure 57: Taiwanese Personal Accident and Health Insurance Written Premium by Category
(TWN Billion), 2007–2016
Figure 58: Taiwanese Personal Accident and Health Insurance Written Premium by Category (%
Share), 2011 and 2016
Figure 59: Taiwanese Personal Accident and Health Insurance Market Dynamics by Category,
2007–2016
Figure 60: Taiwanese Personal Accident and Health Insurance – Paid Claims by Category (TWN
Billion), 2007–2011
Figure 61: Taiwanese Personal Accident and Health Insurance – Paid Claims by Category (TWN
Billion), 2011–2016
Figure 62: Taiwanese Personal Accident and Health Insurance – Incurred Loss by Category (TWN
Billion), 2007–2011
Figure 63: Taiwanese Personal Accident and Health Insurance – Incurred Loss by Category (TWN
Billion), 2011–2016
Figure 64: Taiwanese Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Figure 65: Taiwanese Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016
Figure 66: Taiwanese Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011
Figure 67: Taiwanese Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016
Figure 68: Taiwanese Personal Accident and Health Insurance – Total Assets (TWN Billion),
2007–2011
Figure 69: Taiwanese Personal Accident and Health Insurance – Total Assets (TWN Billion),
2011–2016
Figure 70: Taiwanese Personal Accident and Health Insurance – Total Investment Income (TWN
Billion), 2007–2011
Figure 71: Taiwanese Personal Accident and Health Insurance – Total Investment Income (TWN
Billion), 2011–2016
Figure 72: Taiwanese Personal Accident and Health Insurance – Retentions (TWN Billion),
2007–2011
Figure 73: Taiwanese Personal Accident and Health Insurance – Retentions (US$ Billion),
2011–2016
Figure 74: Taiwanese Personal Accident and Health Insurance – Investment (TWN Billion),
2007–2011

9. Figure 75: Taiwanese Personal Accident and Health Insurance (Percentage of GDP), 2007–2011
Figure 76: Taiwanese Personal Accident and Health Insurance – Premium Per Capita (TWN),
2007–2011
Figure 77: Taiwanese Health Insurance Category – Written Premium (TWN Billion), 2007–2011
Figure 78: Taiwanese Health Insurance Category – Written Premium (TWN Billion), 2011–2016
Figure 79: Taiwanese Personal Accident Insurance Category – Written Premium (TWN Billion),
2007–2011
Figure 80: Taiwanese Personal Accident Insurance Category – Written Premium (TWN Billion),
2011–2016
Figure 81: Taiwanese Insurance Market – Market Share 2011
Figure 82: Taiwanese GDP at Constant Prices (US$ Billion), 2007–2011
Figure 83: Taiwanese GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 84: Taiwanese GDP at Current Prices (US$ Billion), 2007–2011
Figure 85: Taiwanese Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 86: Taiwanese Construction Output at Current Prices as a Percentage of GDP (%),
2007–2011
Figure 87: Taiwanese Arable Land ( ‘000 hectares), 2007–2011
Figure 88: Taiwanese Exports as a Percentage of GDP (%), 2007–2011
Figure 89: Taiwanese Healthcare Expenditure Per Capita (US$), 2007–2011
Figure 90: Taiwanese Employed Population (%), 2007–2011
Figure 91: Taiwanese Annual Disposable Income (US$ Billion), 2007–2011
Figure 92: Taiwanese Annual Disposable Income Per Capita (US$), 2007–2011
Figure 93: Taiwanese Total Population (Million), 2007–2011
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