Summary
Non-Life Insurance in Taiwan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Taiwanese non-life insurance market had total gross written premiums of $25.6 million in 2022, representing a compound annual growth rate (CAGR) of 4.4% between 2017 and 2022.
- The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $13.9 million, equivalent to 54.4% of the market's overall value.
- The ‘Farmers' Insurance Act’ was introduced by the Taiwanese government in May 2021 to protect farmers', animal breeders', fishermen', and foresters' income from accidents, natural catastrophes, and other occurrences. A parametric aquaculture insurance was also announced by the Council of Agriculture in March 2021 to cover rainfall in Kaohsiung City, offering protection for fishermen from the increased risk of flooding and heavy rain.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Taiwan
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Taiwan
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Taiwan non-life insurance market with five year forecasts
Reasons to Buy
- What was the size of the Taiwan non-life insurance market by value in 2022?
- What will be the size of the Taiwan non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Taiwan non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Taiwan's non-life insurance market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 Company Profiles
8.1. Cathay Century Insurance Co Ltd
8.2. Fubon Insurance Co Ltd
8.3. Shinkong Insurance Co Ltd
8.4. Tokio Marine Holdings Inc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. About MarketLine
List of Tables
Table 1: Taiwan non-life insurance market value: $ billion, 2017-22(e)
Table 2: Taiwan non–life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Taiwan non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Taiwan non–life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Taiwan non-life insurance market value forecast: $ billion, 2022-27
Table 6: Taiwan non-life insurance market share: % share, by value, 2022(e)
Table 7: Cathay Century Insurance Co Ltd: key facts
Table 8: Cathay Century Insurance Co Ltd: Key Employees
Table 9: Fubon Insurance Co Ltd: key facts
Table 10: Fubon Insurance Co Ltd: Key Employees
Table 11: Shinkong Insurance Co Ltd: key facts
Table 12: Shinkong Insurance Co Ltd: Annual Financial Ratios
Table 13: Shinkong Insurance Co Ltd: Key Employees
Table 14: Tokio Marine Holdings Inc: key facts
Table 15: Tokio Marine Holdings Inc: Annual Financial Ratios
Table 16: Tokio Marine Holdings Inc: Key Employees
Table 17: Tokio Marine Holdings Inc: Key Employees Continued
Table 18: Tokio Marine Holdings Inc: Key Employees Continued
Table 19: Taiwan size of population (million), 2018–22
Table 20: Taiwan gdp (constant 2005 prices, $ billion), 2018–22
Table 21: Taiwan gdp (current prices, $ billion), 2018–22
Table 22: Taiwan inflation, 2018–22
Table 23: Taiwan consumer price index (absolute), 2018–22
Table 24: Taiwan exchange rate, 2017–21
List of Figures
Figure 1: Taiwan non-life insurance market value: $ billion, 2017-22(e)
Figure 2: Taiwan non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Taiwan non–life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Taiwan non-life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the non-life insurance market in Taiwan, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Taiwan, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Taiwan, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Taiwan, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Taiwan, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Taiwan, 2022
Figure 11: Taiwan non-life insurance market share: % share, by value, 2022(e)
