Market Research Report
Strategic Market Intelligence: General Insurance in Taiwan - Key Trends and Opportunities to 2022
|Published by||GlobalData||Product code||696596|
|Published||Content info||85 Pages
Delivery time: 1-2 business days
|Strategic Market Intelligence: General Insurance in Taiwan - Key Trends and Opportunities to 2022|
|Published: March 6, 2019||Content info: 85 Pages||
Taiwan's general insurance segment is expected to grow at a CAGR of 4.3% over the forecast period (2017-2022). The segment recorded DWP of TWD575.2 billion (US$18.9 billion) as of 2017. Retail insurance accounted for 69.9% of the general segment's DWP, and is expected to grow at a CAGR of 4.1% over the forecast period, while the commercial segment is expected to grow at a CAGR of 0.9%.
The general insurance segment is dominated by personal accident and health insurance sub-segment, constituting 76.0% of the segment's DWP in 2017. Motor and property are the second and third largest insurance sub-segments.
The Taiwanese general segment is dominated by domestic insurers. The presence of foreign insurers such as Chubb and Zurich makes the segment competitive. It is also concentrated, with the 10 leading companies accounting for 74.6% of the segment's DWP in 2017. Health insurance can be offered by both life and general insurers.
"Strategic Market Intelligence: General Insurance in Taiwan - Key Trends and Opportunities to 2022", report provides a detailed outlook by product category for the Taiwanese general insurance segment giving insurers access to information on segment dynamics and competitive advantages. It provides values for key performance indicators such as written premium, claims ratio and general insurance penetration during the review period (2013-2017) and forecast period (2017-2022).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Taiwanese economy and demographics, and provides detailed information on the competitive landscape in the country.
This report provides a comprehensive analysis of the general insurance segment in Taiwan -