While pleased with Taiwan insurance industry's continued growth, the regulator continues to keep an eye on the future, shaping and supporting the industry to meet the needs of the market and enhancing the competitiveness and market conduct of insurers, shares Ms Grace Lee, Director General, Insurance Bureau, Financial Supervisory Commission.
By Benjamin Ang
Taiwan, the fourth-largest life insurance market in Asia with the highest life insurance penetration in the world (sigma No 04/2015), continues to see positive momentum in life premium growth. Ms Vicky Huang and Ms Angela Lau of Swiss Re Asia explore.
Some might view Taiwan's insurance market as less than lively, but opportunities are by no means lacking. Mr Shih-Nin Low of RGA Global Reinsurance Company, Ltd, Taiwan Branch, explains.
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Although the non-life insurance sector in Taiwan is still much smaller than the life sector, Mr Terence Lin of Aon Benfield Taiwan sees much potential for growth, especially in specialty products such as cyber risk, civil engineering completed Risks (CECR) insurance, trade credit insurance and agriculture insurance.
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