"Taiwan Insurance Report Q3 2016" now available at Fast Market Research

Slowing economic activity in the Asia Pacific region prompted us to revise down our 2016 forecasts for premiums for both Taiwan's life and non-life sector in Q2. This outlook is set to continue owing to relatively stable economic forecasts for China and the Asia-Pacific region over the coming years. Life insurance will continue to drive growth in Taiwan's insurance market owing to an ageing population and rising savings. In the non-life sector, health insurance will be the key driver of growth, particularly as the government pushes the need for compulsory health insurance.

Key Updates And Forecasts

Taking into consideration the results announced by the leading financial holding companies in relation to 2015 (or periods to September), we estimate growth in life and non-life premiums of 5.7% and 4.4% respectively for 2015 in local currency. Premiums in the two major segments are forecast to increase by 2.4% and 6.4% respectively in 2016.

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- http://www.fastmr.com/prod/1197566_taiwan_insurance_report_q3.aspx?afid=301

Particular companies have enjoyed considerably greater growth in first-year premiums as a result of targeted sales/marketing strategies. Some companies have been affected by the volatility in global financial markets. However, many have restructured their balance sheets to reduce risk and/or to improve interest income spreads.

Demographic changes and marketing initiatives mean that several of the leading insurance groups are enjoying strong growth in sales of health and long-term care products.

Total gross premiums written are expected to grow by 3.1% in 2016 to TWD3,158bn.

The Taiwan Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Taiwan Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Taiwanese insurance industry.

Key Benefits
Benchmark BMI's independent insurance industry forecasts for Taiwan to test other views - a key input for successful budgeting and strategic business planning in Taiwan's insurance market.
Target business opportunities and risks in Taiwan through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

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