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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:
- Marine hull includes ocean hull and fishing vessel insurance.
- 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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