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, 2015

 

  Gross written premiums
Company TWD Mn USD Mn
Fubon  32,606.3 1,021.8
Cathay Century  18,983.5 594.9
Shin Kong  14,956.0 468.7
Mingtai  11,410.5 357.6
Tokio Marine Newa  10,790.6 338.2
Union  8,721.5 273.3
South China  8,252.2 258.6
Taian  7,693.3 241.1
Chung Kuo  6,893.7 216.0
First  6,558.1 205.5

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2015

 

  Gross written premiums
Company TWD Mn USD Mn
Cathay Life  645,191.6 20,219.1
Fubon Life  474,416.6 14,867.3
Nan Shan Life  442,629.9 13,871.2
Shin Kong Life  227,786.4 7,138.4
China Life  162,158.4 5,081.7
Chunghwa Post  150,853.8 4,727.5
Mercuries Life  137,269.8 4,301.8
CTBC Life  136,214.9 4,268.7
Allianz Taiwan Life  94,807.7 2,971.1
TransGlobe Life  78,467.6 2,459.0

Source: Axco Insurance Information Services.

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