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At the end of 2009 there were 19 licensed non-life insurance companies in Taiwan, including 12 local insurance companies, 7 foreign insurance company branches.
The total direct written premiums for all non-life insurance companies slightly decreased from NT$107,731 million in 2008 to NT$101,859 million in 2009, with a negative growth rate of 5.45%.
Premium Income & Growth Rate (in Million NTD & %)
Year |
2008 |
2009 |
Fire |
Amount |
21,548 |
18,705 |
Growth Rate |
-1.52 |
-13.19 |
Marine cargo |
Amount |
6,397 |
5,085 |
Growth Rate |
-0.28 |
-20.51 |
Marine Hull |
Amount |
2,540 |
2,552 |
Growth Rate |
-9.37 |
0.47 |
Automobile |
Amount |
52,547 |
50,276 |
Growth Rate |
-5.41 |
-4.32 |
Aviation |
Amount |
1,077 |
1,153 |
Growth Rate |
-21.13 |
7.11 |
Engineering |
Amount |
4,431 |
4,808 |
Growth Rate |
-16.64 |
8.51 |
Miscellaneous Casualty |
Amount |
19,192 |
19,141 |
Growth Rate |
-0.31 |
-0.26 |
Total |
Amount |
107,731 |
101,859 |
Growth Rate |
-4.31 |
-5.45 |
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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