Key Figures
Taiwan Insurance Market
Non-Life Insurance
Life Insurance


 
Market Players and Premium Income
  According to statistics released by the Taiwan Insurance Institute at the end of 2010, there were 54 insurance companies in Taiwan of which 31 were life insurance companies and 23 were non-life insurance companies. Out of the 31 life insurance companies, 23 were local companies while 8 were branches of foreign companies. The 23 non-life insurance companies include 17 local and 6 foreign companies.
 
Numbers of Insurance Companies in Taiwan Over the Past Five Years
Year
Non-Life insurers
Life insurers
Total
Local Insurers
Foreign Insurers
Local Insurers
Foreign Insurers
2006
17
8
22
8
55
2007
17
7
22
9
55
2008
17
8
23
9
57
2009
17
6
22
9
54
2010
17
6
23
8
54
Source  Taiwan Insurance Institute

 

The total premium income of the domestic insurance industry during 2010 was NT$2,418,656 million, an increase of 14.71% over the previous year. Non-life insurance premium income accounted for NT$105,806 million, a rise of 3.87% over the previous year. Total life insurance premium income was NT$2,312,850 million, a rise of 15.26% over 2009.

 
Premium Income Over the Past Five Years NT$ millions
Year
Non-Life Insurance Life Insurance Grand Total
Premium Income Growth
Rate %
Premium Income Growth
Rate %
Premium Income Growth
Rate %
2006
114,106 (3.71) 1,563,701
7.27
1,677,807
6.44
2007
112,583 (1.33) 1,875,097
19.91
1,987,680
18.47
2008
107,741 (4.30) 1,918.843
2.33
2,026,584
1.96
2009
101,859 (5.46) 2,006,559
4.57
2,108,418
4.04
2010
105,806 3.87 2,312,850
15.26
2,418,656
14.71
Source: Taiwan Insurance Institute

 
   
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