Read the latest edition of AIR and MEIR as an Interactive e-book

Jul 2022

Market Profile


Insurance regulation for a mature market

Taiwan Financial Supervisory Commission Insurance Bureau’s Ms Chiung-Hwa Shih spoke with Asia Insurance Review about how the regulator is working to create a better insurance ecosystem.

A mature but shrinking life insurance market

The Taiwan life insurance industry has been described as mature and competitive due to market consolidation in the past decade and regulators playing a very active role.

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Insurance market faces uphill battle amid worst COVID outbreak

The year 2022 will remain challenging for the local insurance industry which has already posted three consecutive years of contraction in premium income.

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Reinsurers achieve solid performance amidst uncertainty

Taiwan’s reinsurance market is in a healthy state and not much has changed over the past 12 months.

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Rising COVID claims stall non-life momentum

The annual GWP growth rate of the non-life industry in Taiwan peaked at 10.1% in 2021, and is expected to reduce to 5.2% in 2022, growing at a CAGR of 6.7% from $6.8bn in 2020 to $10.4bn in 2025.

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InsurTech boom incoming

New regulations have lit the fuse on a powder keg of digital-savvy customers and an insurance industry hungry for new opportunities to innovate.

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Ageing Taiwan and insurance

Taiwan became an ageing society in 2018.  By 2025, it is expected to move from an ‘aged’ to a ‘super-aged’ market.

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