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New Market Research Report: Personal Accident and Health Insurance in Taiwan, Key Trends and Opportunities to 2017


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2014-01-24 01:14:21 - New Insurance market report from Timetric: "Personal Accident and Health Insurance in Taiwan, Key Trends and Opportunities to 2017"

The Taiwanese personal accident and health insurance segment grew at a CAGR of 6.8% during the review period (2008?2012). This was due to strong growth registered in the health insurance category, which grew at a compound annual growth rate (CAGR) of 8.5%. The growth was further supported by improved economic development and rising healthcare expenses. These factors are expected to support the segment's growth over the forecast period (2012?2017) also. The written premium of the personal accident and health insurance segment is expected to increase from TWN331.8 billion (US$11.2 billion) in 2012 to TWN448.6 billion (US$15.4 billion) in 2017, recording a forecast-period CAGR of 6.2%.

Key Highlights

* The Taiwanese personal accident and health insurance segment grew at a review-period CAGR

of 6.8%
* Favorable demographic factors such as increased life expectancy and population growth among the elderly are likely to accelerate demand for health insurance
* During the review period, personal accident and health insurance providers benefited from low combined ratios, resulting in underwriting profits
* Agencies were the largest channel, with an 87.6% share of the total commission for distributing personal accident and health products in 2012
* The five leading companies accounted for 70.4% of the segment's gross written premium in 2012

Full Report Details at
- www.fastmr.com/prod/764226_personal_accident_and_health_insuranc ..

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Taiwan:

* It provides historical values for Taiwanese personal accident and health insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key categories in the Taiwanese personal accident and health insurance segment, along with market forecasts until 2017
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
* It analyses the various distribution channels for personal accident and health insurance products in Taiwan
* Using Porter's industry-standard "five forces" analysis, it details the competitive landscape in Taiwan for the personal accident and health insurance segment
* It provides a detailed analysis of the reinsurance segment in Taiwan and its growth prospects
* It profiles the top personal accident and health insurance companies in Taiwan and outlines the key regulations affecting them

Reasons to Get this Report

* 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 within the Taiwanese personal accident and health insurance segment
* Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
* Identify the growth opportunities and market dynamics within key product categories
* Gain insights into key regulations governing the Taiwanese insurance segment and its impact on companies and the market's future

Companies Mentioned in this Report: Cathay Life Insurance Co., Ltd, Nan Shan Life Insurance Company Ltd, Fubon Life Insurance Co., Ltd, Shin Kong Life Insurance Co., Ltd, MassMutual Mercuries Life Insurance Co., Ltd, China Life Insurance Co., Ltd, Kuo Hua Life Insurance Co., Ltd, Far Glory Life Insurance Co., Ltd, Taiwan Life Insurance Co. Ltd, Cigna Taiwan Life Insurance Company Ltd

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is This Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.2 Market Trends
3.3 Market Size
4 Personal Accident and Health Insurance Segment-Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total segment gross written premium
4.1.2 Premium per capita
4.1.3 Personal accident and health insurance penetration as a percentage of GDP
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
5 Taiwanese Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-
5.2 Key Industry Trends and Drivers
5.2.1 Business drivers
6 Personal Accident and Health Insurance Segment Outlook
6.1 Personal Accident and Health Insurance Growth Prospects by Category
6.1.1 Personal accident insurance
6.1.2 Health insurance
6.1.3 Non-life health insurance
6.1.4 Life health insurance
7 Analysis by Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
8 Porter's Five Forces Analysis - Personal Accident and Health Insurance
8.1 Bargaining Power of Supplier: Medium
8.2 Bargaining Power of Buyer: High
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: Medium to High
8.5 Threat of Substitutes: Medium
9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008-
9.2 Reinsurance Segment Size by Type of Insurance, 2008-
10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation Trends by Type of Insurance
10.2.1 Life insurance regulatory trends
10.2.2 Property insurance regulatory trends
10.2.3 Motor insurance regulatory trends
10.2.4 Liability insurance regulatory trends
10.2.5 Marine, aviation, and transit insurance regulatory trends
10.2.6 Personal accident insurance regulatory trends
10.2.7 Health insurance regulatory trends
10.3 Compulsory Insurance
10.3.1 Automobile liability insurance policy
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors (IAIS)
10.4.2 Insurance Bureau

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=764226&dt=t

About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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