Personal Accident and Health Insurance in Taiwan, Key Trends and Opportunities to 2017


#182407

206pages

Timetric

$ 1950

In Stock


Synopsis

The report provides in-depth market analysis, information and insights into the Taiwanese personal accident and health insurance segment, including:

  • The Taiwanese personal accident and health insurance segment’s growth prospects by insurance categories
  • Key trends and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Taiwanese personal accident and health insurance segment
  • An overview of the competitive landscape in the personal accident and health insurance segment in Taiwan
  • An overview of the regulatory framework of the Taiwanese insurance industry
  • A description of the personal accident and health reinsurance segment in Taiwan
  • Porter's five forces analysis of the personal accident and health insurance segment
  • A benchmarking section on the Taiwanese personal accident and health insurance segment in comparison to other countries in the South-East Asian region

Executive summary

The Taiwanese personal accident and health insurance segment grew at a CAGR of 6.8% during the review period (2008−2012). This was due to strong growth registered in the health insurance category, which grew at a compound annual growth rate (CAGR) of 8.5%. The growth was further supported by improved economic development and rising healthcare expenses. These factors are expected to support the segment’s growth over the forecast period (2012−2017) also. The written premium of the personal accident and health insurance segment is expected to increase from TWN331.8 billion (US$11.2 billion) in 2012 to TWN448.6 billion (US$15.4 billion) in 2017, recording a forecast-period CAGR of 6.2%.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Taiwan:

  • It provides historical values for Taiwanese personal accident and health insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
  • It offers a detailed analysis of the key categories in the Taiwanese personal accident and health insurance segment, along with market forecasts until 2017
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
  • It analyses the various distribution channels for personal accident and health insurance products in Taiwan
  • Using Porter’s industry-standard “five forces” analysis, it details the competitive landscape in Taiwan for the personal accident and health insurance segment
  • It provides a detailed analysis of the reinsurance segment in Taiwan and its growth prospects
  • It profiles the top personal accident and health insurance companies in Taiwan and outlines the key regulations affecting them

Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Taiwanese personal accident and health insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Taiwanese personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Taiwanese insurance segment and its impact on companies and the market's future

Key highlights

  • The Taiwanese personal accident and health insurance segment grew at a review-period CAGR of 6.8%
  • Favorable demographic factors such as increased life expectancy and population growth among the elderly are likely to accelerate demand for health insurance
  • During the review period, personal accident and health insurance providers benefited from low combined ratios, resulting in underwriting profits
  • Agencies were the largest channel, with an 87.6% share of the total commission for distributing personal accident and health products in 2012
  • The five leading companies accounted for 70.4% of the segment’s gross written premium in 2012.