Taiwan: Life insurance sector posts lower premium income in 2020 as new business suffers hit


Source: asiainsurancereview.com asiainsurancereview.com

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Life and Health 21 Jan 2021 Taiwan: Life insurance sector posts lower premium income in 2020 as new business suffers hit By AIR team | 21 Jan 2021 Other News Taiwan Life & Health Financial Performance The total premium income of the life insurance industry from January to December last year reached NT$3,025bn ($108bn), a decrease of 7.9% from the previous year, according to statistics from the Life Insurance Association (LIA-ROC). First-year life premiums fell to NT$784bn last year, plunging by 28.7% compared to 2019. Renewal premium income reached NT$2,241bn last year, an increase of 2.5% from 2019. A summary...