Taiwan
Marsh Worldwide
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Insurance Environment

At the end of 2007 there were 21 licensed non-life insurance companies in Taiwan, including 15 local insurance companies, 6 foreign insurance company branches.

The total direct written premiums for all non-life insurance companies slightly decreased from NT$114,106 million in 2006 to NT$112,582 million in 2007, with a negative growth rate of 1.33%.

Premium Income & Growth Rate (in Million NTD & %)

Year  

2006

2007

Fire  

Amount

21,917

21,881

Growth Rate  

-0.54

-0.16

Marine cargo  

Amount

6,109

6,415

Growth Rate  

3.43

5.01

Marine Hull  

Amount

2,800

2,803

Growth Rate  

1.54

0.11

Automobile  

Amount

57,334

55,550

Growth Rate  

-2.59

-3.11

Aviation  

Amount

1,528

1,365

Growth Rate  

-22.47

-10.67

Engineering  

Amount

5,317

5,315

Growth Rate  

-6.88

-0.04

Miscellaneous Casualty  

Amount

19,097

19,251

Growth Rate  

-10.16

0.81

Total  

Amount

114,106

112,582

Growth Rate  

-3.71

-1.33

Remarks:

  1. Marine hull includes ocean hull and fishing vessel insurance.
  2. Miscellaneous casualty includes liability, bonding, personal accident and miscellaneous property insurance.

Sources:

Taiwan Insurance Institute

The Non-Life Insurance Association of the Republic of China.




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