Life Insurance in Taiwan, Key Trends and Opportunities to 2017

Date: 2015-09

The Taiwanese life insurance segment grew at a compound annual growth rate (CAGR) of 6.6% in terms of gross written premium during the review period (2008โ€“2012), as a result of the strong performance of the individual life category, which grew at a healthy CAGR of 9.7%. However, the segmentโ€™s growth slowed due to a decline in general annuity insurance and low interest rates in the country. Fierce competition in the segment, which forced multinationals to exit Taiwan, and the current low interest rates are projected to affect the life segmentโ€™s total growth over the forecast period. As a result, the segment is expected to post a lower CAGR of 3.7% over the forecast period (2012โ€“2017).

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