Personal Accident and Health Insurance in Taiwan, Key Trends and Opportunities to 2019

Date: 2015-11
Pages:152
Price:

“โ€ข The personal accident and health segment accounted for 13.2% of the industryโ€™s gross written premium in 2014.

โ€ข Increasing demand for private health insurance and rising disposable income supported the segmentโ€™s growth during the review period.

โ€ข Health insurance was the largest category in terms of gross written premium, with an 80.3% share in 2014.

โ€ข Travel insurance was the fastest growing category in terms of gross written premium, at a review-period CAGR of 13.8%.

โ€ข The combined ratio for personal accident and health insurance business remained less than 100.0% during the review period, implying Taiwanese insurers offering personal accident and health insurance products registered underwriting profits during this time.

โ€ข The segment is highly concentrated, with the 10 leading insurers accounting for 88.4% of the segmentโ€™s gross written premium in 2014.”

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