Taiwan

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

The Non-Life Insurance Association of the Republic of China
Web: www.nlia.org.tw

 

POPULATION, 2011-2014 (1)

Year Population
2011 23,071,779
2012 23,113,901
2013 23,299,716
2014 23,359,928

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2010-2014 (1)

(U.S. $ billions)

Year GDP
2010 $693.3
2011 823.6
2012 885.3
2013 926.4
2014 1,022.0

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

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LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $16,466
Life premiums 79,156
Total premiums $95,622
Percent of total world premiums 2.00%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company TWD Mn USD Mn
Fubon  28,599.6 960.7
Cathay Century  17,077.3 573.6
Shin Kong  13,231.8 444.5
Mingtai  10,531.7 353.8
Tokio Marine Newa  9,602.2 322.5
South China  7,398.4 248.5
Union  7,368.8 247.5
Taian  6,999.1 235.1
Chung Kuo  6,979.8 234.5
First  6,063.8 203.7

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company TWD Mn USD Mn
Cathay Life 548,024.3 18,408.1
Fubon Life 420,083.1 14,110.6
Nan Shan Life 385,346.8 12,943.8
China Life 177,245.9 5,953.7
Shin Kong Life 170,426.1 5,724.6
Chunghwa Post 157,086.0 5,276.5
Mercuries Life 130,468.7 4,382.4
CTBC Life 74,009.3 2,486.0
Allianz Taiwan Life 68,657.6 2,306.2
TransGlobe Life 62,478.6 2,098.7

Source: Axco Insurance Information Services.

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