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Now Available: Life Insurance in Taiwan, Key Trends and Opportunities to 2017


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2014-01-24 01:55:36 - Recently published research from Timetric, "Life Insurance in Taiwan, Key Trends and Opportunities to 2017", is now available at Fast Market Research

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

Full Report Details at
- www.fastmr.com/prod/764224_life_insurance_in_taiwan_key_trends_a ..

Scope

This report provides a comprehensive analysis of the life insurance segment in Taiwan:

* It provides historical values for Taiwanese life 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 life 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 life insurance products in Taiwan
* Using Porter's industry-standard "five forces" analysis, it details the competitive landscape in Taiwan for the life insurance business
* It provides a detailed analysis of the reinsurance segment in Taiwan and its growth prospects
* It profiles the top life 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 life insurance segment and each category within it
* Understand the demand-side dynamics, key market trends and growth opportunities within the Taiwanese life insurance segment
* Assess the competitive dynamics in the life 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 industry and its impact on companies and the market's future

Companies Mentioned in this Report: 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

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is This Report About?
2.2 Definitions
2.3 Methodology
3 Life Insurance - Regional Benchmarking
3.1 Scale and Penetration
3.1.1 Total segment gross written premium
3.1.2 Premium per capita
3.1.3 Life insurance penetration as a percentage of GDP
3.2 Growth
3.2.1 Gross written premium
3.2.2 Gross written premium per capita
3.3 Efficiency and Risk
3.3.1 Loss ratio
3.3.2 Combined ratio
3.3.3 Incurred losses per capita
3.3.4 Incurred losses as a percentage of GDP
4 Taiwanese Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2008-
4.2 Key Industry Trends and Drivers
5 Life Insurance Outlook
5.1 Life Insurance Growth Prospects by Category
5.1.1 Individual life insurance
5.1.2 Individual general annuity insurance
5.1.3 Group life insurance
5.2 Life Insurance Growth Prospects by Product Type
5.2.1 Individual single-premium policies
5.2.2 Individual non-single-premium policies
5.2.3 Group single-premium policies
5.2.4 Group non-single-premium policies
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-commerce
6.5 Brokers
7 Porter's Five Forces Analysis - Taiwanese Life Insurance
7.1 Bargaining Power of Supplier: Low to Medium
7.2 Bargaining Power of Buyer: Medium to High
7.3 Barriers to Entry: Medium
7.4 Intensity of Rivalry: High
7.5 Threat of Substitutes: Low
8 Reinsurance Growth Dynamics and Challenges
8.1 Reinsurance Segment Size, 2008-
8.2 Reinsurance Segment Size by Type of Insurance, 2008-
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Legislation Trends by Type of Insurance
9.2.1 Life insurance regulatory trends
9.2.2 Property insurance regulatory trends
9.2.3 Motor insurance regulatory trends
9.2.4 Liability insurance regulatory trends
9.2.5 Marine, aviation, and transit insurance regulatory trends
9.2.6 Personal accident insurance regulatory trends
9.2.7 Health insurance regulatory trends
9.3 Compulsory Insurance
9.3.1 Automobile liability insurance policy
9.4 Supervision and Control
9.4.1 International Association of Insurance Supervisors (IAIS)
9.4.2 Insurance Bureau
9.5 Non-Admitted Insurance Regulatory Trends

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=764224&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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