Reinsurance in Taiwan, Key Trends and Opportunities to 2017

Published: Jan, 2014 | Pages: 67 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the Taiwanese reinsurance segment, including:
The Taiwanese reinsurance segment's growth prospects by reinsurance categories 
Key trends and drivers for the reinsurance segment 
The Taiwanese reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in the Taiwanese reinsurance segment  

Summary
In terms of gross written premium, the Taiwanese reinsurance segment declined from TWN9.3 billion (US$0.3 billion) in 2008 to TWN8.3 billion (US$0.28 billion) in 2012, at a compound annual growth rate (CAGR) of -2.9% during the review period (2008-2012). The negative growth in the segment was partly due to intense competition in conventional insurance segments, resulting in low earnings. Fierce pricing competition among conventional insurers and low profit margins also led to declines in reinsurance premium rates, which subsequently discouraged reinsurance business in Taiwan during the review period. However, Taiwanese insurers are looking to grow beyond Taiwan; positive economic development and government policy reforms, including the establishment of trade services with Mainland China, will support the Taiwanese reinsurance segment over the forecast period (2012-2017).  
Scope
This report provides a comprehensive analysis of the reinsurance segment in Taiwan:
It provides historical values for Taiwan's reinsurance 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 Taiwan's reinsurance segment, along with market forecasts until 2017
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Taiwan and its growth prospects  
Reason To Buy
 Make strategic business decisions using in-depth historic and forecast market data related to the Taiwanese reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Taiwanese reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Taiwanese insurance industry and its impact on companies and the market's future 
Key Highlights
 In terms of gross written premium, the Taiwanese reinsurance segment declined from TWN9.3 billion (US$300.0 million) in 2008 to TWN8.3 billion (US$280.0 million) in 2012, at a CAGR of -2.9% during the review period
The percentage of premium ceded to reinsurers by the life insurance segment is expected to increase from 2.3% in 2012 to 3.4% in 2017
The negative growth in the segment was partly a result of intense competition in conventional insurance, resulting in low earnings
Competition in the insurance industry and low profit margins are leading to a reduction in reinsurance premium rates, which reduced the scope for reinsurance business in Taiwan during the review period

 1 Executive Summary
2 Introduction
2.1 What is This Report About?
2.2 Definitions
2.3 Methodology
3 Taiwanese Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008-2017
4 Reinsurance Growth Dymics and Challenges
4.1 Reinsurance Segment Size, 2008-2017
4.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
5 Key Insurance Industry Trends and Drivers
5.1 Fundamental Business Drivers and Trends
5.2 Life Insurance Growth Drivers
5.3 Non-Life Insurance Growth Drivers
5.4 Persol Accident and Health Insurance Growth Drivers
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in the Taiwanese Reinsurance Segment
6.3 Central Reinsurance Corporation - Company Overview
6.3.1 Central Reinsurance Corporation - key facts
6.4 RGA Global Reinsurance Company Ltd - Company Overview
6.4.1 RGA Global Reinsurance Company Limited - key facts
6.5 Munich Reinsurance Company - Company Overview
6.5.1 Munich Reinsurance Company - key facts
6.6 Hannover Ruck SE - Company Overview
6.6.1 Hannover Ruck SE - key facts
6.7 Scor Global Life SE - Company Overview
6.7.1 Scor Global Life SE - key facts
7 Business Environment and Country Risk
7.1 Business Confidence
7.1.1 Market capitalization trend - Taiwan Stock Exchange Corp. (TWSE)
7.2 Economic Performance
7.2.1 GDP at constant prices (US$)
7.2.2 GDP per capita at constant prices (US$)
7.2.3 GDP at current prices (US$)
7.2.4 GDP per capita at current prices (US$)
7.2.5 GDP by key segments
7.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
7.2.7 Agriculture, hunting, forestry and fishing net output at current prices, as a percentage of GDP
7.2.8 Manufacturing net output at current prices (US$)
7.2.9 Manufacturing net output at current prices as a percentage of GDP
7.2.10 Mining, manufacturing and utilities at current prices (US$)
7.2.11 Mining, manufacturing and utilities at current prices as a percentage of GDP
7.2.12 Construction net output at current prices (US$)
7.2.13 Construction net output at current prices as a percentage of GDP
7.2.14 Inflation rate
7.2.15 Exports as a percentage of GDP
7.2.16 Imports as a percentage of GDP
7.2.17 Exports growth
7.2.18 Imports growth
7.2.19 Annual average exchange rate US$-TWN
7.3 Labor Force
7.3.1 Labor force
7.3.2 Unemployment rate
7.4 Demographics
7.4.1 Household consumption expenditure (US$)
7.4.2 Total population
7.4.3 Age distribution of the total population
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric's Services
8.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Taiwanese Insurance - Overall Written Premium by Segment (TWN Billion), 2008-2012
Table 3: Taiwanese Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 4: Taiwanese Insurance - Overall Written Premium by Segment (TWN Billion), 2012-2017
Table 5: Taiwanese Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 6: Taiwanese Insurance - Segmentation (% Share), 2008-2017
Table 7: Reinsurance in Taiwanese by Category (TWN Billion), 2008-2012
Table 8: Reinsurance in Taiwanese by Category (US$ Billion), 2008-2012
Table 9: Reinsurance in Taiwan by Category (TWN Billion), 2012-2017
Table 10: Reinsurance in Taiwan by Category (US$ Billion), 2012-2017
Table 11: Taiwanese Premium Ceded to Reinsurance by Type of Insurance (TWN Billion), 2008-2012
Table 12: Taiwanese Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 13: Taiwanese Premium Ceded to Reinsurance by Type of Insurance (TWN Billion), 2012-2017
Table 14: Taiwanese Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 15: Taiwanese Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Taiwanese Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: Taiwanese Non-Life Insurance - Percentage of Reinsurance Ceded, 2008-2012
Table 18: Taiwanese Non-Life Insurance - Percentage of Reinsurance Ceded, 2012-2017
Table 19: Taiwanese Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 20: Taiwanese Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 21: Shares of Key Operators in the Taiwanese Reinsurance Segment (%), 2012
Table 22: Central Reinsurance Corporation, Key Facts
Table 23: RGA Global Reinsurance Company Limited, Key Facts
Table 24: Munich Reinsurance Company, Key Facts
Table 25: Hannover Ruck SE, Key Facts
Table 26: Scor Global Life SE, Key Facts