Taiwan Insurance Market Outlook to 2016 - Compelling potential in Bancassurance

  • ID: 2534708
  • Report
  • Region: Taiwan
  • 94 Pages
  • Ken Research Private Limited
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FEATURED COMPANIES

  • ACE
  • Chartis
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  • MSIG Mingtai Insurance
  • ShinKong Insurance
  • The First
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The report “Taiwan Insurance Market Outlook to 2016 - Compelling potential in Bancassurance” provides a comprehensive analysis of market size of the Asia-Pacific insurance industry, market segmentation of Asia-Pacific insurance industry by geography. The report includes market size of Taiwan insurance industry, market segmentation of life and non-life Taiwan insurance market and market size and segmentation of various non life segments. The report also provides value chain of Taiwan insurance market, competitive landscape and profile of major players operating in the Taiwan insurance industry

KEY TOPICS COVERED IN THE REPORT

- The market size of Asia-Pacific insurance industry and the contribution of countries.
- The market size of Taiwan insurance industry.
- The market size of Taiwan life and non-life insurance industry.
- Market segmentation of life and non-life insurance markets in Taiwan
- The market size and segmentation of various non-life insurance market
- Trends and Development of Taiwan insurance market.
- Competitive Landscape of the major players in life and non-life insurance market.
- Competitive Landscape of the major player in various non-life insurance market
- Future outlook and projections for Asia-Pacific and Taiwan insurance market
- Future outlook and projections for life and non-life Taiwan insurance market
- Microeconomics and industry factors including Taiwan population, GDP, health expenditure and number of vehicles, 2005-2016

Products Mentioned:

Direct Premiun Written, Life Insurance, Distribution Channels, Banks, Solicitors, Life Insurance by Life and Annuity, Non Life Insurance, Automobile Insurance, Property & Casualty Insurance, Accident Liability, Engineering, Credit, Health, Fire Insurance, Marine Insurance, Marine Cargo, Marine Hull, Fishing Vessel, Aviation Insurance
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FEATURED COMPANIES

  • ACE
  • Chartis
  • Chunghwa Post
  • MSIG Mingtai Insurance
  • ShinKong Insurance
  • The First
  • MORE
1. Asia-Pacific Insurance Industry
1.1. Industry Introduction

1.2. Asia-Pacific Insurance Market Size by Direct Written Premium, 2005-2012P

1.3. Asia-Pacific Insurance Market Segmentation

1.3.1. By Geography, 2005-2012P

1.3.2. By Life and Non Life, 2005-2012P

2. Taiwan Insurance Industry

2.1. Taiwan Insurance Value Chain

2.2. Taiwan Insurance Market Size by Direct Written Premium, 2005-2012P

3. Taiwan Insurance Government Regulations

4. Taiwan Life Insurance Market

4.1. Taiwan Life Insurance Market Size, 2005-2012P

4.2. Life Insurance Segmentation, 2005-2012P

4.3. Market Share of Major Life Insurers in Taiwan, 2011

4.4. Taiwan Life Insurance Distribution Channel, 2009-2011
4.5. Taiwan Life Insurance Market Future Outlook and Projection, 2013-2016

5. Taiwan Non-Life Insurance Market

5.1. Taiwan Non-Life Insurance Market Size, 2005-2012P

5.2. Market Share of Major Non Life Insurers in Taiwan, 2011

5.3. Taiwan Non-Life Insurance Market Future Outlook and Projection, 2013-2016

6. Non-Life Insurance Segmentation, 2005-2012P

6.1. Taiwan Automobile Insurance Industry

6.1.1. Taiwan Automobile Insurance Market Size, 2005-2012P

6.1.2. Automobile Insurance Segmentation, 2005-2012P

6.1.3. Market Share of Major Automobile Insurers in Taiwan, 2011

6.1.4. Taiwan Automobile insurance Market Future Outlook and Projection, 2013-2016

6.2. Taiwan Property and Casualty Insurance Industry

6.2.1. Taiwan Property and Casulaty Insurance Market Size, 2005-2012P

6.2.2. Property and Casualty Insurance Segmentation, 2005-2012P

6.2.3. Market Share of Major Property and Casulaty Insurers in Taiwan, 2011

6.2.4. Taiwan Property and Casualty insurance Market Future Outlook and Projection, 2013-2016

6.3. Taiwan Fire Insurance Industry

6.3.1. Taiwan Fire Insurance Market Size, 2005-2012P

6.3.2. Taiwan Fire Insurance Market Future Outlook and Projection, 2013-2016

6.4. Taiwan Marine Insurance Industry

6.4.1. Taiwan Marine Insurance Market Size, 2005-2012P

6.4.2. Marine Insurance Segmentation, 2005-2012P

6.4.3. Taiwan Marine insurance Market Future Outlook and Projection, 2013-2016

6.5. Taiwan Aviation Insurance Industry

6.5.1. Taiwan Aviation Insurance Market Size, 2005-2012P

6.5.2. Taiwan Aviation Insurance Market Future Outlook and Projection, 2013-2016

7. Taiwan Insurance Industry Trends and Developments

Emergence of New Distribution Channel

Rising Merger, Acquisitions and Joint Venture

Rising Affluent Middle Class

Increasing Cyber Risk Insurance Need

8. Asia-Pacific Insurance Industry Future Outlook

8.1. Asia-Pacific Insurance Industry Future Projections

8.1.1. By Geography, 2013-2016

9. Taiwan Insurance Industry Future Projections, 2013-2016

9.1. Cause and Effect Relationship Between Dependent and Independent Factors Prevailing in Taiwan Insurance Market

10. Company Profile of Major Players in Taiwan Life Insurance Industry

10.1. Cathay Life

10.1.1. Company Profile

10.1.2. Business Strategies

10.1.3. Financial Performance

10.2. Fubon Life

10.2.1. Company Profile

10.2.2. Business Strategies

10.2.3. Financial Performance

10.3. Nan Shan Life

10.3.1. Company Profile

10.3.2. Business Strategies

10.3.3. Financial Performance

11. Company Profile of Major Players in Taiwan Non-Life Insurance Industry

11.1. Shinkong Insurance

11.1.1. Company Profile

11.1.2. Business Strategies

11.1.3. Financial Performance

11.2. MSIG Mingtai Insurance
11.2.1. Company Profile

11.2.2. Business Strategies

11.2.3. Financial Performance

12. Taiwan Insurance Industry Macro-Economic Indicators: Historical and Projections

12.1. Taiwan Population, 2005-2016

12.2. GDP of Taiwan, 2005-2016

12.3. Healthcare Expenditure of Taiwan, 2005-2016

12.4. Total number of Vehicle in Use in Taiwan, 2005-2016

13. Appendix

13.1. Market Definitions

13.2. Abbreviations

13.3. Research Methodology

Data Collection Methods

Approach

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Final Conclusion

13.4. Disclaimer

LIST OF FIGURES

Figure 1: Asia-Pacific Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 2: Asia-Pacific Insurance Market Segmentation by Life and non Life on the Basis of Direct Written Premium in Percentage, 2005-2012P

Figure 3: Insurance Value Chain

Figure 4: Taiwan Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 5: Taiwan Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 6: Taiwan life Insurance Market Segmentation by Life and Annuity on the Basis of Direct Written Premium in Percentage, 2005-2012P

Figure 7: Market Share of Major Life Insurers on the Basis of Direct Written Premium in Percentage, 2011

Figure 8: Taiwan Life Insurance Distribution Channel by Banks, Solicitors and Others on the Basis of Direct Written Premium in Percentage, 2009-2011

Figure 9: Taiwan Non Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 10: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in Percentage, 2011

Figure 11: Taiwan Non life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 12: Taiwan Non life Insurance Market Segmentation by Health, Accident, Automobile, Fire, Marine, Aviation and Property and Casualty on the Basis of Direct Written Premium in Percentage, 2005-2012P

Figure 13: Taiwan Automobile Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 14: Taiwan Automobile Insurance Market Segmentation by Voluntary and Compulsory Motor Liability Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012P

Figure 15: Market Share of Major Automobile Insurers on the Basis of Direct Written Premium in Percentage, 2011

Figure 16: Taiwan Property and Casualty Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 17: Taiwan Property and Casualty Insurance Market Segmentation by Accident, Liability, Engineering, Credit, Health and Others on the Basis of Direct Written Premium in Percentage, 2005-2012P

Figure 18: Market Share of Major Property and Casualty Insurers on the Basis of Direct Written Premium in Percentage, 2011

Figure 19: Taiwan Fire Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 20: Taiwan Fire Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 21: Taiwan Marine Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 22: Taiwan Marine Insurance Market Segmentation by Marine Cargo, Marine Hull and Fishing Vessel on the Basis of Direct Written Premium in Percentage, 2005-2012P

Figure 23: Taiwan Aviation Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 24: Taiwan Aviation Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 25: Taiwan Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 26: Taiwan Life Insurance Premium Income of Cathay Life Insurance in USD Million, 2005-2011

Figure 27: Taiwan Life Insurance Premium Income of Fubon Life Insurance in USD Million, 2005-2011

Figure 28: Taiwan Life Insurance Premium Income of Nan Shan Life Insurance in USD Million, 2005-2011

Figure 29: Taiwan Non-Life Insurance Direct Written Premium of Shinkong Insurance in USD Million, 2005-2011
Figure 30: Taiwan Non-Life Insurance Direct Written Premium of MSIG Mingtai Insurance in USD Million, 2005-2011

Figure 31: Taiwan Population in Million, 2005-2016

Figure 32: GDP of Taiwan in USD Million, 2005-2016

Figure 33: Healthcare Expenditure of Taiwan in USD Million, 2005-2016

Figure 34: Total Number of Vehicle in Use in Taiwan in Million, 2005-2016

LIST OF TABLES

Table 1: Asia-Pacific Insurance Market Segmentation by Countries on the Basis of Direct Written Premium in USD Billion, 2005-2012P

Table 2: Asia-Pacific Insurance Market Segmentation by Life and Non Life on the Basis of Direct Written Premium in USD Billion, 2005-2012P

Table 3: Taiwan life Insurance Market Segmentation by Life and Annuity on the Basis of Direct Written Premium in USD Million, 2005-2011

Table 4: Market Share of Major Life Insurers on the Basis of Direct Written Premium in USD Million, 2011

Table 5: Taiwan Life Insurance Distribution Channel by Banks, Solicitors and Others on the Basis of Direct Written Premium in USD Million, 2009-2011

Table 6: Taiwan Life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 7: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in USD Million, 2011

Table 8: Taiwan Automobile Insurance Market Segmentation by Voluntary and Compulsory Motor Liability Insurance on the Basis of Direct Written Premium in USD Million, 2005-2012P

Table 9: Market Share of Major Automobile Insurers on the Basis of Direct Written Premium in USD Million, 2011

Table 10: Taiwan Automobile Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 11: Taiwan Property and Casualty Insurance Market Segmentation by Accident, Liability, Engineering, Credit, Health and Others on the Basis of Direct Written Premium in USD Million, 2005-2012P

Table 12: Market Share of Major Property and Casualty Insurers on the Basis of Direct Written Premium in USD Million, 2011

Table 13: Taiwan Property and Casualty Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 14: Taiwan Marine Insurance Market Segmentation by Marine Cargo, Marine Hull and Fishing Vessel on the Basis of Direct Written Premium in USD Million, 2005-2012P

Table 15: Taiwan Marine Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 16: Asia-Pacific Insurance Market Projections by Countries on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 17: Cause and Effect Relationship Analysis between Industry Factors and Expected Industry Prospects of Taiwan Insurance Market

Table 18: Correlation Matrix of Taiwan Insurance Industry

Table 19: Regression Coefficients Output of Taiwan Insurance Industry
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FEATURED COMPANIES

  • ACE
  • Chartis
  • Chunghwa Post
  • MSIG Mingtai Insurance
  • ShinKong Insurance
  • The First
  • MORE
The report titled “Taiwan Insurance Market Outlook to 2016 - Compelling potential in Bancassurance” provides a comprehensive analysis of market size of the Asia-Pacific insurance industry, market segmentation of Asia-Pacific insurance industry by geography. The report includes market size of Taiwan insurance industry, market segmentation of life and non-life Taiwan insurance market and market size and segmentation of various non life segments. The report also provides value chain of Taiwan insurance market, competitive landscape and profile of major players operating in the Taiwan insurance industry.

Taiwan is the second largest market in the Asia-Pacific region after Japan in terms of highest insurance densities. The country insurance industry has a high penetration rate of ~% but there is huge difference between the penetration rate of life insurance and non life insurance. The penetration rate of life insurance market is ~% in comparison to ~% of general insurance industry in 2011. The key reasons behind the difference in the penetration rate is the decreasing investment by the domestic consumers in automobiles and the occurrence of natural disaster have restricted the growth of the non life insurance business. The country insurance market is growing stably and has registered direct written premium of USD ~ million in 2011.

The life insurance market of Taiwan is one of the largest insurance industries in the Asia-Pacific region with the share of ~% and the direct written premium of USD ~ million in 2012. The industry has been growing mainly on account of increasing awareness among the people, liberalization policies of the government, improving the economy and tendency of wealth accumulation. In addition, the industry has also benefited from the rising demand for life insurance endowment products.

In 2011, Taiwan general insurance industry has experienced a growth of ~% with the direct written premium of USD ~ million in 2011 in comparison to USD ~ million in 2010. The growth in the market is being attributed by the rising direct written premium of the domestic non life insurers in the country on account of the slightly improved economic condition. The domestic general insurers have observed a growth of ~% in 2011 on account of unceasing efforts by employees and the prudent expansion of both domestic and overseas business. The financial crises in the European market and the occurrence of natural catastrophes in 2011 have affected the company’s profit.

Taiwan automobile insurance industry is leading market in the general insurance industry with the share of ~% in 2012. The market has experienced a growth of ~% from USD ~8 million in 2010 to USD ~ million in 2011 on account of rising sales of motor vehicles in the country. In 2011, Taiwan has witness a growth of ~% in the number of vehicles in use from ~ million in 2010 to ~ million in 2011.

The property and casualty insurance business of Taiwan has experienced a growth of ~% from direct written premium of USD ~ million in 2010 to USD ~ million in 2011 mainly due to the rising requirement of liability insurance and credit insurance from the insured in the market. In 2011, the industry has witnessed net written premium of TWD ~ million.

The fishing vessel insurance in Taiwan has registered a direct written premium of USD ~ million and it holds a share of ~% in the total marine insurance industry in 2011. The fishing vessel insurance covers the fishing vessels from the loss or damage occurred from fire, collision, explosion, earthquake and others. The fishing vessel is a ship or boat which is used to catch fish in the sea
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- ACE
- Cathay Century
- Cathay Life
- Chartis
- China Life
- Chung Kuo
- Chunghwa Post
- Fubon Life
- MSIG Mingtai Insurance
- MassMutual Mercuries
- Nan Shan Life
- Shin Kong Life
- ShinKong Insurance
- South China
- Taian
- The First
- Tokio Marine Newa
- Union
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