Taiwan
Marsh Worldwide
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Insurance Environment

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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