Insurance in Taiwan

Insurance in Taiwan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Taiwan insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

  • The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2013 average exchange rates.
  • The Taiwanese insurance market is forecast to generate total gross written premiums of $73.6bn in 2014, representing a compound annual rate of change (CARC) of -2.5% between 2010 and 2014.
  • The life insurance segment is expected to be the market's most lucrative in 2014, with total gross written premiums of $57.0bn, equivalent to 77.4% of the market's overall value.
  • The performance of the market is forecast to accelerate, with an anticipated CAGR of 2.1% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $81.7bn by the end of 2019.

Scope

Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Taiwan

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Taiwan

Leading company profiles reveal details of key insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Taiwan insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Taiwan economy

Reasons to buy

What was the size of the Taiwan insurance market by value in 2014?

What will be the size of the Taiwan insurance market in 2019?

What factors are affecting the strength of competition in the Taiwan insurance market?

How has the market performed over the last five years?

Companies mentioned

Cathay Life Insurance Co., Ltd., China Life Insurance Company Limited, Fubon Financial Holding Co., Ltd. and Shin Kong Financial Holding Co., Ltd.

Cathay Life Insurance Co., Ltd., China Life Insurance Company Limited, Fubon Financial Holding Co., Ltd. and Shin Kong Financial Holding Co., Ltd.

Table of Contents

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market rivalry 2

Market Overview 7 ...

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 8

Market value 8

Market Segmentation 9

Category segmentation 9

Geography segmentation 10

Market Outlook 11

Market value forecast 11

Five Forces Analysis 12

Summary 12

Buyer power 13

Supplier power 15

New entrants 17

Threat of substitutes 18

Degree of rivalry 19

Leading Companies 20

Cathay Life Insurance Co., Ltd. 20

China Life Insurance Company Limited 24

Fubon Financial Holding Co., Ltd. 27

Shin Kong Financial Holding Co., Ltd. 30

Macroeconomic Indicators 33

Country Data 33

Methodology 35

Industry associations 36

Related MarketLine research 36

Appendix 37

About MarketLine 37

LIST OF TABLES

Table 1: Taiwan insurance market value: $ billion, 2010–14(e) 8

Table 2: Taiwan insurance market category segmentation: $ billion, 2014(e) 9

Table 3: Taiwan insurance market geography segmentation: $ billion, 2014(e) 10

Table 4: Taiwan insurance market value forecast: $ billion, 2014–19 11

Table 5: Cathay Life Insurance Co., Ltd.: key facts 20

Table 6: Cathay Life Insurance Co., Ltd.: key financials ($) 21

Table 7: Cathay Life Insurance Co., Ltd.: key financials (NT$) 21

Table 8: Cathay Life Insurance Co., Ltd.: key financial ratios 22

Table 9: China Life Insurance Company Limited: key facts 24

Table 10: China Life Insurance Company Limited: key financials ($) 25

Table 11: China Life Insurance Company Limited: key financials (CNY) 25

Table 12: China Life Insurance Company Limited: key financial ratios 25

Table 13: Fubon Financial Holding Co., Ltd.: key facts 27

Table 14: Fubon Financial Holding Co., Ltd.: key financials ($) 28

Table 15: Fubon Financial Holding Co., Ltd.: key financials (NT$) 28

Table 16: Fubon Financial Holding Co., Ltd.: key financial ratios 28

Table 17: Shin Kong Financial Holding Co., Ltd.: key facts 30

Table 18: Shin Kong Financial Holding Co., Ltd.: key financials ($) 30

Table 19: Shin Kong Financial Holding Co., Ltd.: key financials (NT$) 31

Table 20: Shin Kong Financial Holding Co., Ltd.: key financial ratios 31

Table 21: Taiwan size of population (million), 2010–14 33

Table 22: Taiwan gdp (constant 2005 prices, $ billion), 2010–14 33

Table 23: Taiwan gdp (current prices, $ billion), 2010–14 33

Table 24: Taiwan inflation, 2010–14 34

Table 25: Taiwan consumer price index (absolute), 2010–14 34

Table 26: Taiwan exchange rate, 2010–14 34

LIST OF FIGURES

Figure 1: Taiwan insurance market value: $ billion, 2010–14(e) 8

Figure 2: Taiwan insurance market category segmentation: % share, by value, 2014(e) 9

Figure 3: Taiwan insurance market geography segmentation: % share, by value, 2014(e) 10

Figure 4: Taiwan insurance market value forecast: $ billion, 2014–19 11

Figure 5: Forces driving competition in the insurance market in Taiwan, 2014 12

Figure 6: Drivers of buyer power in the insurance market in Taiwan, 2014 13

Figure 7: Drivers of supplier power in the insurance market in Taiwan, 2014 15

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Taiwan, 2014 17

Figure 9: Factors influencing the threat of substitutes in the insurance market in Taiwan, 2014 18

Figure 10: Drivers of degree of rivalry in the insurance market in Taiwan, 2014 19

Figure 11: Cathay Life Insurance Co., Ltd.: revenues & profitability 22

Figure 12: Cathay Life Insurance Co., Ltd.: assets & liabilities 23

Figure 13: China Life Insurance Company Limited: revenues & profitability 26

Figure 14: China Life Insurance Company Limited: assets & liabilities 26

Figure 15: Fubon Financial Holding Co., Ltd.: revenues & profitability 29

Figure 16: Fubon Financial Holding Co., Ltd.: assets & liabilities 29

Figure 17: Shin Kong Financial Holding Co., Ltd.: revenues & profitability 31

Figure 18: Shin Kong Financial Holding Co., Ltd.: assets & liabilities 32

List of Tables

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List of Figures

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