Taiwan - Still room for growth
Source: Asia Insurance Review | Aug 2016
Growth momentum in Tawian has been good in 2015 and so far this year. There are still plum opportunities existing for both the life and non-life sectors.
Despite Taiwan having the highest life insurance penetration in the world, most families and individuals do not have sufficient life insurance protection as most of the policies sold are short-term savings products. Hence the opportunities for insurers lie in narrowing this protection gap.
In non-life insurance, the opportunities are in specialty products.