BMI View: We forecast further expansion in Taiwan s broad and well-developed insurance market over the next few years as rising household incomes and life expectancies continue to drive demand for life insurance and other lines. In the non-life market we see the health insurance sector continuing to grow at a fast pace, owing in large part to government efforts to promote investment in private health insurance. ...BMI View: We forecast further expansion in Taiwan s broad and well-developed insurance market over the next few years as rising household incomes and life expectancies continue to drive demand for life insurance and other lines. In the non-life market we see the health insurance sector continuing to grow at a fast pace, owing in large part to government efforts to promote investment in private health insurance. This trajectory should provide significant opportunities for investors and we note an increase in merger and acquisition activity in recent months. However, we also caution that a slowing Chinese economy poses a long-term threat to demand across the industry.
...The swiftly ageing population represents a strong growth opportunity, particularly in the development of new savings and retirement products. However, companies will also need to mitigate the effects of a subsequent rise in long-term claims volumes. ...The swiftly ageing population represents a strong growth opportunity, particularly in the development of new savings and retirement products. However, companies will also need to mitigate the effects of a subsequent rise in long-term claims volumes. GDP growth and product diversification will drive growth, as will the favourable regulatory climate. ...GDP growth and product diversification will drive growth, as will the favourable regulatory climate. Moreover, the sheer size of the market and stability, relative to neighbouring regional markets, will help Taiwan maintain its status as one of the most attractive investment markets in Asia, though others may possess more absolute growth potential.
...In September ----, leading indigenous life insurer Nan Shan Life finalised the acquisition of the small and medium enterprise general insurance business of US insurance group American International Group (AIG) for a reported USD---mn. The new entity will be named Nan Shan General Insurance and will be entirely owned by Nan Shan Life. ...
