Insurance in Taiwan

Insurance in Taiwan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). 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 and segmentation 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 Taiwanese insurance market is expected to generate total gross written premiums of $86.9bn in 2015, representing a compound annual growth rate (CAGR) of 3.4% between 2011 and 2015.

The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $70.1bn, equivalent to 80.6% of the market's overall value.

The insurance market in Taiwan is extremely saturated and mature, with the country exhibiting the highest penetration of any developed market in the world. This leaves little scope for fast-paced growth outside of rate hikes. As a result, growth in both the life and non-life segments has been moderate at best in recent years.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, 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 2015?

What will be the size of the Taiwan insurance market in 2020?

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

How has the market performed over the last five years?

What are the main segments that make up Taiwan's insurance market?

Companies mentioned

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

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, 201115(e)

Table 2: Taiwan insurance market category segmentation: $ billion, 2015(e)

Table 3: Taiwan insurance market geography segmentation: $ billion, 2015(e)

Table 4: Taiwan insurance market value forecast: $ billion, 201520

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

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

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

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

Table 9: China Life Insurance Company Limited: key facts

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

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

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

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

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

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

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

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

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

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

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

Table 21: Taiwan size of population (million), 201115

Table 22: Taiwan gdp (constant 2005 prices, $ billion), 201115

Table 23: Taiwan gdp (current prices, $ billion), 201115

Table 24: Taiwan inflation, 201115

Table 25: Taiwan consumer price index (absolute), 201115

Table 26: Taiwan exchange rate, 201115

List of Figures

Figure 1: Taiwan insurance market value: $ billion, 201115(e)

Figure 2: Taiwan insurance market category segmentation: % share, by value, 2015(e)

Figure 3: Taiwan insurance market geography segmentation: % share, by value, 2015(e)

Figure 4: Taiwan insurance market value forecast: $ billion, 201520

Figure 5: Forces driving competition in the insurance market in Taiwan, 2015

Figure 6: Drivers of buyer power in the insurance market in Taiwan, 2015

Figure 7: Drivers of supplier power in the insurance market in Taiwan, 2015

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Taiwan, 2015

Figure 9: Factors influencing the threat of substitutes in the insurance market in Taiwan, 2015

Figure 10: Drivers of degree of rivalry in the insurance market in Taiwan, 2015

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

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

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

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

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

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

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

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

List of Tables

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List of Figures

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