Boston, MA -- (SBWIRE) -- 01/24/2014 -- 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%.

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

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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 Get This Report

- 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

Companies Mentioned in this Report: Cathay Life Insurance Co., Ltd, Nan Shan Life Insurance Company Ltd, Fubon Life Insurance Co., Ltd, Shin Kong Life Insurance Co., Ltd, MassMutual Mercuries Life Insurance Co., Ltd, China Life Insurance Co., Ltd, Kuo Hua Life Insurance Co., Ltd, Far Glory Life Insurance Co., Ltd, Taiwan Life Insurance Co. Ltd, Cigna Taiwan Life Insurance Company Ltd

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