Magazine

Jul 2018

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

Country Profile


Taiwan

Taiwan insurers bank on economic optimism

Taiwan’s insurance market had a good run in 2017, where it grew by 9.1% to register record-breaking premiums of NT$3.57tn ($122.8bn), thanks to moderate domestic economic growth and an improving global financial environment. Insurers are not expecting this trend to wane anytime soon, though the industry will have to continue keeping a close eye on local competition, regulatory and capital market developments.
 

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InsurTech in Taiwan - providing efficiency in a saturated market

InsurTech operates on a basic formula – find a specific pain point in the industry and address it with a technological solution. The same formula applies to Taiwan. Much like other Asian countries, InsurTech in Taiwan revolves around the motor industry and the life and health sector.
 

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Taiwan responds to changing demographics and tech

Cathay Life Insurance senior vice president Chen Shi-Chieh provides some first-hand insights on a market that has one of the highest insurance penetration rates in the world.
 

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Reinsurance - no seven year itch

Asia Insurance Review does a stocktake of reinsurance in Taiwan, where three’s company - and a crowd with ample global competition – since 2010.
 

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Regulator wants more tech adoption and innovation

Asia Insurance Review speaks with Taiwan Financial Supervisory Commission’s insurance bureau director-general Wu Kuei-Mao on the regulator’s efforts to expand insurance coverage as well as update its supervision system.
 

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