201412

Transcription

1 December 2014 Indicators of Republic of China (Taiwan) Published : February 28, 2015 Bureau, Financial Supervisory Commission

2 , TEL: FAX:

3 v vi

4 Contents Contents I. Overall Index Page IV. Statistics of Complaint Page Table 1: National Statistical Data Table 22: Statistics of Non-Life Complaint Table 2: Ratio of Assets of Industry to Table 23: Statistics of Life Complaint Assets of Financial Institutions V. Compulsory Automobile Liability Table 3: Density, Penetration, and Ratio of Table 24: Statistics of Compulsory Automobile having coverage of Life and Annuity-- 05 Liability II. Industry Table 4: Number of Companies and Branches Table 24-1: Statistics of Compulsory Automobile Liability Table 5: Statistics of Actuary Personnel Table 25: Statistics of the Compensation Fund Table 6: Statistics of Personnel VI. Taiwan Residential Earthquake Table 7: Statistics of Premium Income Table 26: Statistics of Taiwan Residential Table 8: Statistics of Non-Life Premium Income Earthquake Table 9: Statistics of Non-Life Claims Table 27: Statistics of Taiwan Residential Earthquake Table 10: Statistics of Life Premium Income Fund Table 11: Statistics of Life Benefit Payment VII. Comparing Taiwan with Other Countries Table 12: Statistics of the Registration of Life Salesperson Table 28: Global Ranking of Top 20 Premium Income in Table 13: Statistics of Persistency Table 29: Global Ranking of Top 20 Density in Table 14: The Balance Sheet of Industry Table 30: Global Ranking of Top 20 Table 15: The Income Statement of Industry Penetration in Table 15-1: The Income Statement of Industry VIII. Stabilization Fund Contribution Table 16: Investment Portfolio of Non-Life Industry Table 31: Statistics of Stabilization Fund Accumulated Contribution Table 17: Investment Portfolio of Life Industry Table 16-1: Investment Portfolio of Non-Life Industry Table 17-1: Investment Portfolio of Life Industry Table 18: Statistics of New Product Approval III. Auxiliary Table 19: Business Statistics of Agencies Table 20: Business Statistics of Brokers Table 21: Business Statistics of Surveyors vii viii

5 一 總 體 指 標 1 I. Overall Index () 1 % % Population of GNI GDP National Income National Income Consumer year Percentage of Household Economic (100 million (100 million (100 million Per Capita Price Index National Registered Growth Rate (1,000 persons) NTD) NTD) NTD) (NTD) (USD) (%) Savings , , ,582 90, ,556 11, , , ,809 95, ,312 12, , , ,659 98, ,145 12, , , , , ,169 13, , , , , ,907 14, , , , , ,103 14, , , , , ,770 15, , , , , ,347 15, , , , , ,000 14, , , , , ,963 16, , , , , ,918 17, , , , , ,868 18, , , , , ,699 18, (588 ) = SNA(GNP) 58 劵 (GNI) Table1: National Statistical Data Source : Directorate General of Budget, Accounting and Statistics Executive Yuan, Taiwan, Republic of China (No. 588, Monthly Statistics of Taiwan ) Note : 1. Base year of consumer price index: Year 2011 = Should the figures listed in the table above are different from those in previous tables, use the figures listed above as the final criterion. 3.GNP has been amended as GNI from Issue No. 587 according to the regulations of SNA(UN). 1 2

6 2 Year/ Month Assets of Financial Institutions Assets Ratio % Table2:Ratio of Assets of Industry to Assets of Financial Institutions Assets Ratio % Assets Unit: NT$ Millions Industry Non-Life Life Ratio % ,176,004 3,682, , ,498, ,875,387 4,764, , ,576, ,531,284 5,646, , ,450, ,024,614 6,692, , ,485, ,408,672 7,958, , ,756, ,616,314 8,955, , ,746, ,197,744 9,411, , ,169, ,940,829 11,037, , ,782, ,243,764 12,391, , ,123, ,439,640 13,327, , ,051, ,397,797 14,811, , ,528, ,037,079 16,784, , ,496, (588 ); Source: Directorate General of Budget, Accounting and Statistics Executive Yuan, Taiwan, Republic of China; (No. 588, Monthly Statistics of Taiwan ) Taiwan Institute 3 4

7 3 Year 1 Density (NTD) 3 % 4 % 5 Average dividend Non-Life Life Non-Life Life Ratio of having Ratio of Rate of Life Coverage Prevalence % ,585 4,054 32, ,991 4,504 39, ,949 4,843 50, ,760 5,089 57, ,225 5,204 64, ,340 4,988 68, ,579 4,904 81, ,971 4,677 83, ,195 4,406 86, ,423 4,568 99, ,514 4,867 94, ,461 5, , ,874 5, , GDP () 5 Table3: Density, Penetration, and Ratio of having insurance coverage of Life and Annuity 2 Penetration (%) Life and Annuity Source: Taiwan Institute Note:1. Density: average insurance expenditure per capita. 2. Penetration: the ratio of insurance premium to GDP. 3.Ratio of having insurance coverage of life insurance and annuity : the ratio of number of in-force policies of life insurance and annuity to the number of population. 4.Ratio of prevalence of life insurance and annuity : the ratio of sum assured of in-force policies of life insurance and annuity to national income. 5.Average dividend rate of life insurance : based on the listed interest rate of two-year fixed deposit of the first workday in the given month set by Taiwan Bank, First Bank, and Taiwan Cooperative Bank of China. 6

8 二 保 險 業 4 Year/ Month 1 Reinsurance () Headquarter (including cooperative) Local Branch 2 Offshore Branch Office in PRC II. Industry Branch in Taiwan Liaison Office in Taiwan Headquarter Branch 2 Offshore Branch Office in PRC Branch in Taiwan ; Table4:Number of Companies and Branches Foreign Local Unit:No. of Companies Non-Life Industry Life Industry Foreign Liaison Office in Taiwan Source: Non-Life Supervision Division, Bureau; Life Supervision Division, Bureau Note:1.The numbers of insurance institutions are based on the business licenses issued. 2.Local insurance's offshore branch includes subsidiary, branch, representative office and liaison office. 7 8

9 5 Year/Month 1 Table5:Statistics of Actuarial Personnel 2 Non-Life Industry Life Industry ; /11 Source: The Non-Life Association of the Republic of China; The Life Association of the Republic of China Unit: Person Note: 1.The definition of actuarial personnel is according to the "Regulations Governing Appointed Actuaries of Companies " article II, paragraph II. 2.From November, 2004,non-life insurance actuarial personnel do not include actuarial assistants. 9 10

10 6 Year Employees Growth Rate % Salespersons Office Staff Non-Life Salespersons Table6:Statistics of Personnel Industry Office Staff Ratio of Salespersons to Office Staff Salespersons Life Industry Office Staff Unit: Person Ratio of Salespersons to Office Staff , ,522 38,402 26,233 13, ,289 25, , ,617 39,628 32,199 13, ,418 26, , ,908 40,226 37,209 13, ,699 26, , ,564 36,673 53,991 13, ,573 23, , ,986 38,347 60,179 13, ,807 24, , ,990 38,891 57,874 14, ,116 24, , ,275 39,139 67,538 14, ,737 24, , ,330 40,936 73,143 14, ,187 26, , ,083 42,043 80,730 15, ,353 27, , ,370 40,616 92,243 14, ,127 26, , ,968 39, ,236 13, ,732 26, , ,571 39, ,725 13, ,846 26, , ,509 40, ,568 14, ,941 26, , ,629 41, ,679 14, ,950 26, , ,414 41, ,016 14, ,398 26, ; Source: The Non-Life Association of the Republic of China; The Life Association of the Republic of China Note: Number of salespersons in life and non-life insurance is based on registered salespersons

11 7 Year Premium Income of Industry Growth Rate % Table7:Statistics of Premium Income Premium Income Non-Life Life Unit: NT$ Million Premium Income; Non-Life vs. Life , , ,316 1: , , ,890 1: , , ,287 1: ,242, ,469 1,132,652 1: ,423, ,468 1,308,490 1: ,576, ,502 1,457,750 1: ,677, ,106 1,563,701 1: ,987, ,583 1,875,097 1: ,026, ,741 1,918,843 1: ,108, ,859 2,006,559 1: ,418, ,805 2,312,849 1: ,311, ,033 2,198,171 1: ,598, ,483 2,478,348 1: ,708, ,904 2,583,532 1: ,903, ,220 2,771,133 1:20.96 Source: Taiwan Institute 13 14

12 8 Year/ Month 1 Annual (monthly) Growth Rate % 2 Fire Marine 3 Automobile Aviation Table8:Statistics of Non-Life Premium Income Sub-total Engineering Miscellaneous Liability Accident Credit Unit: NT$ Million , ,627 7,369 48,659 3,908 17,870 6,267 5,476 2, , , ,178 7,738 50,387 3,840 23,326 6,865 5,799 2, , , ,101 8,357 55,048 3,193 26,769 7,057 6,158 3,053 7,189-3, , ,036 8,665 58,862 1,971 26,968 5,711 6,217 3,193 8,431-3, , ,918 8,910 57,334 1,529 24,415 5,318 5,778 1,557 9,271-2, , ,881 9,219 55,550 1,365 24,567 5,315 6, ,864-2, , ,548 8,937 52,547 1,077 23,632 4,431 5, , , , ,705 7,637 50,276 1,153 24,087 4,808 6, , , , ,365 8,484 52,658 1,261 26,038 4,156 6,567 1,221 11, , , ,050 8,773 55,826 1,097 28,288 4,482 7,513 1,102 12,671 1,069 1, , ,223 8,445 59, ,326 4,652 8,250 1,045 12,724 1,229 1, , ,896 7,657 64, ,201 4,402 8, ,354 1,322 1, /01 12, , , , , , /02 8, , , , /03 11, , , , , /04 10, , , , , /05 11, , , , , /06 12, , , , , /07 12, , , , , /08 9, , , , , /09 10, , , , , /10 10, , , , , /11 10, , , , , /12 11, , , , , , ,697 7,355 70, ,161 3,922 9,084 1,103 14,026 1,431 1,595 Source: Taiwan Institute 1. Note: 1. The monthly growth rate refers to the ratio of the figures of 2014 to that of the same period of The premium income of residential earthquake insurance has been included 3. in fire insurance since The premium income of automobile insurance includes premium income from the voluntary automobile insurance and the compulsory automobile liability insurance Health Others

13 9 Year/ Month 1 Annual (monthly) Growth Rate % 2 Fire Marine Table9:Statistics of Non-Life Claims Sub-total Engineering Miscellaneous Liability Credit Accident Unit: NT$ Million , ,877 2,695 29,770 4,192 7, ,625 3, , , ,606 3,322 31,671 3,612 8,392 1,745 2,129 2, , , ,741 5,029 33,735-1,567 10,291 2,554 2,246 2,120 2, , ,470 4,243 35, ,887 2,062 2,631 3,791 3, , ,767 5,529 34, ,547 2,131 2,190 1,950 4, , ,736 7,413 31,001 1,229 7,894 1,132 1, , , ,525 5,158 29, ,649 1,381 2,173 1,114 4, , ,373 5,907 29, ,897 3,978 2, , , , ,406 3,855 32, ,260 2,341 3, , , , ,355 5,277 34, ,745 2,138 2, , , ,097 3,508 38, ,560 1,965 2, , , ,508 4,471 39, ,960 1,880 2, , /01 5, , /02 4, , /03 5, , , /04 5, , , /05 4, , /06 4, , /07 5, , , /08 5, , , /09 5, , , /10 5, , , /11 5, , /12 7, , , , ,315 5,096 42, ,658 1,952 3, , Automobile Aviation Health Others Source: Taiwan Institute Note: 1. The monthly growth rate refers to the ratio of the figures of 2014 to that of the same period of The premium income of residential earthquake insurance has been included in fire insurance since The claims of automobile insurance include claims from the voluntary automobile insurance and the compulsory automobile liability insurance. 18

14 10 Year/ Month ( 1 ) Annual (Monthly) Growth Rate % Life Health Table10:Statistics of Life Premium Income Individual Accident Annuity Life Group Health Unit:NT$ Million Accident , , ,705 51,944 16,724 6,861 5,642 7, ,132, , ,321 52,044 73,617 6,837 5,601 9, ,308, , ,241 48, ,004 6,896 6,341 9, ,457, ,120, ,869 49, ,040 6,803 7,230 9, ,563, ,238, ,594 49,537 97,113 6,059 7,778 8, ,875, ,461, ,412 50, ,438 5,105 9,322 8, ,918, ,330, ,180 50, ,997 4,573 9,151 7, ,006, ,301, ,842 50, ,536 4,215 8,714 6, ,312, ,491, ,365 49, ,064 4,511 8,421 7, ,198, ,671, ,013 50, ,610 4,774 8,795 6, ,478, ,927, ,150 51, ,304 5,081 8,752 6, ,583, ,850, ,433 53, ,264 5,067 8,912 6, /01 272, ,959 23,912 4,560 32, /02 177, ,858 19,663 3,747 10, /03 228, ,722 22,177 4,251 16, /04 231, ,268 24,931 4,689 13, /05 211, ,250 23,992 4,468 19, /06 220, ,559 24,343 4,249 22, /07 248, ,040 28,409 4,935 21, /08 195, ,537 22,114 4,128 18, /09 300, ,639 27,049 4,948 20, /10 202, ,398 22,830 4,382 21, /11 180, ,010 22,289 4,112 19, /12 303, ,384 35,550 5,935 25, , ,771, ,157, ,259 54, ,306 4,472 9,244 6,824 Source:Taiwan Institute 1. Note: 1. The monthly growth rate refers to the ratio of the figures of 2014 to that of the same period of The statistics of 2003 include data received from the Chunghwa Post Co. Ltd

15 11 Year/ Month ( 1 ) Annual (Monthly) Growth Rate % Life Health Table11:Statistics of Life Benefit Payment Individual Accident Annuity Life Group Health Unit: NT$ Million Accident , ,547 29,770 16,540 1,759 3,565 4,724 3, , ,394 30,268 15,369 5,793 4,841 4,901 3, , ,180 35,332 15,855 13,192 8,153 5,880 3, , ,951 37,850 15,662 25,688 5,668 6,607 3, , ,552 41,756 15,450 69,180 5,577 7,172 3, , ,659 46,390 15, ,230 6,510 7,465 3, ,108, ,637 52,619 16, ,601 6,111 8,049 3, , ,103 57,681 17, ,833 3,836 8,374 3, ,191, ,199 62,231 16, ,832 3,604 8,457 3, ,416, ,634 67,485 17, ,715 3,882 8,610 3, ,249, ,126 73,766 17, ,135 4,113 8,583 3, ,253, ,587 78,666 18, ,714 6,783 8,685 3, /01 109, ,662 7,166 1,691 17, /02 102, ,851 5,214 1,174 19, /03 140, ,316 6,966 1,501 24, /04 139, ,658 7,142 1,603 24, /05 128, ,620 7,168 1,577 19, /06 146, ,339 6,861 1,472 26, /07 128, ,707 7,535 1,684 23, /08 125, ,500 7,185 1,550 21, /09 134, ,475 7,211 1,568 20, /10 134, ,312 7,794 1,693 15, /11 146, ,396 6,991 1,660 15, /12 184, ,267 8,245 1,777 19, ,621, ,252,103 85,478 18, ,815 4,012 9,229 3, Source:Taiwan Institute Note: 1. The monthly growth rate refers to the ratio of the figures of 2014 to that of the same period of The statistics of 2003 include data received from the Chunghwa Post Co. Ltd

16 12 13 Statistics of the Registration of Life Salesperson Statistics of Persistency Year Number of Newly Registered Saleperson 1 Rate of Registration Renewal % 13 2 The 13th Month Retention Ratio of % Persistency % 13 The Thirteenth Month Case Insured Amount 25 The Twenty-Fifth Month Case Insured Amount , , , , , , , , , , , , Source: The Life Association of the Republic of China Note: All ratios for all items are calculated by taking the average of all insurance companies' statistical data. 3. Source:The Life Association of the Republic of China Note:1.The rate of registration renewal of insurance salesperson is the number of registration renewal of insurance salesperson to total registered insurance salepersons. 2.The 13th month retention ratio is the number of registered insurance salesperson who have either stayed at his/her post for 13 months and have concluded at least one contract to the total numbers of registered insurance saleperson. 3.All ratios for all items are calculated by taking the average of all insurance companies' statistical data Year

17 14 Table14:The Balance Sheet of Industry Unit: NT$ Million Non-Life Life Year Assets Liabilities Liabilities Equities 1 Capital Assets Liabilities Liabilities Equities 1 Capital Assets Liabilities Liabilities Equities 1 Capital ,682,023 3,453,489 3,304, ,533 3,532, , ,813 78,202 70, ,010 3,498,402 3,340,676 3,225, ,725 3,383, ,764,079 4,467,260 4,214, ,819 4,511, , ,600 83,977 72, ,193 4,576,263 4,351,660 4,130, ,603 4,355, ,646,628 5,326,996 4,958, ,632 5,277, , ,937 91,923 72, ,941 5,450,673 5,203,060 4,866, ,614 5,113, ,692,341 6,350,570 5,794, ,771 6,136, , , ,964 72, ,668 6,485,405 6,216,338 5,693, ,067 5,962, ,958,299 7,390,654 6,542, ,645 7,109, , , ,942 67, ,080 7,756,511 7,256,005 6,436, ,506 6,936, ,955,871 8,456,557 7,257, ,313 7,756, , , ,164 66, ,524 8,746,487 8,313,534 7,142, ,953 7,575, ,411,112 9,142,276 8,008, ,836 8,276, , , ,152 54, ,874 9,169,449 8,955,335 7,847, ,114 8,062, ,037,667 10,532,764 9,137, ,902 9,642, , , ,199 69, ,809 10,782,439 10,347,147 8,974, ,292 9,410, ,391,558 11,841,400 10,393, ,158 10,943, , , ,504 73, ,500 12,123,701 11,647,539 10,223, ,161 10,699, ,327,209 12,823,687 11,358, ,522 11,862, , , ,106 73, ,606 13,051,337 12,621,315 11,184, ,022 11,614, ,811,219 14,043,687 12,416, ,533 13,184, , , ,959 82, ,325 14,528,759 13,843,592 12,249, ,167 12,934, ,784,912 16,050,544 14,324, ,369 15,058, , , ,736 89, ,601 16,496,910 15,852,406 14,157, ,503 14,801, ,938,005 17,861,795 15,805,007 1,076,210 16,881, , , ,012 97, ,578 18,635,124 17,656,480 15,632, ,643 16,611, Source: Taiwan Institute Note:1. capital include equities and insurance liabilities data has not been audited by a certified accountant. 3.Following the adoption of Statement of Financial Accounting Standards No.40 Contracts and the modification of Regulations Governing the Preparation of Financial Reports by Enterprise in 2011, some items of financial statements have been adjusted accordingly. 4.Following the modification of Regulations Governing the Preparation of Financial Reports by Enterprise in January 10, 2014, some items of financial statements have been adjusted accordingly

18 15 Table15:The Income Statement of Industry Unit: NT$ Million Year Operating Revenues Non-Life Life Operating Cost Operating Expenses Non- Operating Balance Net Income Income Operating Revenues Financial Receipts Outgo Operating Expenses Business & Administrative Expenses , ,252 16, ,186 1,344,659 1,193, ,800 1,344,794 1,248,556 70, , ,343 18, ,241 1,750,129 1,515, ,783 1,702,660 1,607,861 77,953 47, , ,036 19, ,306 2,018,774 1,771, ,355 2,001,688 1,888,030 74,697 17, , ,497 20, ,295 2,253,739 1,961, ,493 2,226,779 2,101,598 78,070 26, , ,510 22,818-1,864 2,965 2,535,543 2,214, ,444 2,495,561 2,376,470 82,166 39, , ,097 21, ,530 3,159,325 2,798, ,535 3,102,442 2,977,707 77,710 56, , ,074 22, ,219 3,570,255 3,235, ,635 3,696,916 3,434,554 76, , , ,965 21,435-1,632 4,505 3,514,945 3,128, ,637 3,510,181 3,360,884 71,645 4, , ,631 22, ,820 4,096,205 3,562, ,154 4,116,061 3,852,099 72,770-19,856 Source: Taiwan Institute Net Income 27 28

19 15-1 Non-Life Table15-1:The Income Statement of Industry Unit: NT$ Million Life Year Operating Revenues Operating Cost Operating Expenses Non-Operating Balance Net Income Operating Revenues Operating Cost Operating Expenses Non-Operating Balance Net Income ,735 54,260 22, ,978 2,484,127 2,408,226 82,712 1, ,135 57,132 20, ,200 2,883,734 2,753,739 96,899 2,722 35, ,380 59,970 22,039 1,696 13,054 3,013,402 2,854,831 97,220 2,289 62, ,087 67,455 27, ,555 3,347,432 3,139,256 95,592 2, ,795 Source: Taiwan Institute Note: data has not been audited by a certified accountant Following the adoption of Statement of Financial Accounting Standards No.40 Contracts and the modification of Regulations Governing the Preparation of Financial Reports by Enterprise in 2011, some items of financial statements have been adjusted accordingly

20 16 Investment Portfolio of Non-Life Industry Unit: NT$Million Year/ Month Amount 2008 % Amount % Amount 1 劵 Investment Protfolio of Life Industry Unit: NT$Million % Year/ Month Amount % Amount % Amount % 34, , , Bank Deposits Bank Deposits 529, , , , , , Securities Securities 3,439, ,999, ,539, Government,Treasury & deposit 25, , , Government & Treasury 1,944, ,032, ,263, Bonds Bonds 18, , , Stocks Stocks 367, , , , , , Corporation Bonds Corporation Bonds 295, , , , , , Funds & Benefit Certificates Benefit Certificates 183, , , , , , Others Others 648, , , () 22, , , Investment in Real Estates Investment in Real Estates 321, , , , , Loans Loan to Policy-holders 616, , , , , , Foreign Investments Loans 631, , , , , , Authorized Projects or Public Foreign Investment 2,419, ,980, ,615, , , , Investment on Enterprise Authorized Projects or Public Investment Derivatives 23, , , Other utilizations of capital (Approved) Amount of Capital 167, , , Invested Amount of Capital Invested 214, , ,500 Capital Capital 7,981, ,062,047 9,262, ,410,229 10,486, ,699, , , ,858 Assets Assets 9,169,449 10,782,439 12,123, Capital Investment Ratio % Capital Investment Ratio% Source: Taiwan Institute Source: Taiwan Institute Note: 1.Capital investment ratio is the ratio of total amount of capital invested to total capital. Note: 1.Capital investment ratio is the ratio of total amount of capital invested to total capital

21 16-1 Bank Deposits Securities Year/ Month Amount % Amount % Amount % Amount % 55, , , , , , , , Government & Treasury Bonds 20, , , , Financial bond, deposit receipt, bank draft and promissory note Stocks Corporation Bonds Funds & Benefit Certificates Securitized products and other Real Estates 16, , , , , , , , , , , , , , , , , , , , , , , , Investment 14, , , , Private Use 8, , , , Loans Foreign Investments Authorized Projects or Public Investment 24, , , , , , , , Investment on Enterprise 2, , , , Derivatives Other utilizations of capital (Approved) Amount of Capital Invested Capital Assets 1 Capital Investment Ratio % Table16-1 Investment Portfolio of Non-Life Industry Unit: NT$ Million , , , , , , , , , , , , Source: Taiwan Institute Note: 1.Capital investment ratio is the ratio of total amount of capital invested to total capital data has not been audited by a certified accountant. 3.A few items of Investment Portfolio have been adjusted according to the amendment of Article 146 of Law from

22 17-1 Bank Deposits Securities Year/ Month Amount % Amount % Amount % Amount % 705, , , , ,700, ,904, ,325, ,182, Government & Treasury Bonds 2,443, ,410, ,469, ,305, Financial bond, deposit receipt, bank draft and promissory note Stocks Corporation Bonds Funds & Benefit Certificates Securitized products and other Real Estates 774, , , , , , ,091, ,237, , , , , , , , , , , , , , , , ,087, Investment 461, , , , Private Use 82, , , , Loan to Policy-holders 569, , , , Loans 569, , , , Foreign Investments Authorized Projects or Public Investment Table17-1:Investment Protfolio of Life Industry 4,327, ,223, ,396, ,285, , , , , Investment on Enterprise 9, , , , Derivatives 13, , , ,606 (0.06) Other utilizations of capital (Approved) 12, , , , Amount of Capital Invested Capital Assets 1 Capital Investment Ratio % ,468, ,758, ,677, ,554, ,614,424 12,934,974 14,801,804 16,611,639 13,051,337 14,528,759 16,496,910 18,635, Unit: NT$ Million Source: Taiwan Institute Note: 1.Capital investment ratio is the ratio of total amount of capital invested to total capital data has not been audited by a certified accountant. 3.A few items of Investment Portfolio have been adjusted according to the amendment of Article 146 of Law from

23 18 Year/ Month cases Non-Life Examine-and- Approval Policy Cases File-and-Use Policy Use-and-File Policy Life Examine-and- Approval Policy File-and-Use Policy Use-and-File Policy , , , , , , , , , , , , , , ; ( )5, ,621 2, ,0673,172 Table18:Statistics of New Product Approval Cases Cases Source: Non-Life Supervision Division, Bureau; Life Supervision Division, Bureau Note:1.The figures of Year/Month represent the beginning of the year till the end of given month. 2.Started from January 2001 till August 2006, the insurance products filing are divided into examine-and-approval policy, file-and-use policy, and use-and-file policy. The policy would be approved if the application is not rejected within 15 working days after submission. Examine-and-approval policy should be approved within 60 working days after application is submitted. 3.Started from September 2006, the insurance products filing are divided into examine-andapproval policy and use-and-file policy. Examine-and-approval policy should be approved by Bureau before it s sold. Use-and-file policy should be submitted its filing material to Bureau or appointed institute within 15 working days after it s sold. 4.The above table demonstrates only the number of new insurance products filing. The number of all insurance products submitted for review is 5,805 December 2014 ( including new products and existing products with partial amendment ). Particularly, Non-life insurance products submitted for review totaled 2,633,including 12 submitted for prior approval and 2,621 submitted under use-and-file policy.life insurance products submitted for review totaled 3,172 including 105 submitted for prior approval and 3,067 submitted under use-and-file policy.

24 三 保 險 輔 助 人 Year 19 1 Number of Companies Non-Life Life Salespersons Non-Life Life Written Premium Non-Life III. Auxiliary Income Table19:Business Statistics of Agencies Life Market Shares % Non-Life Life Unit: NT$ Thousand Agency Fee Income Non-Life Life ,241 4,334 5,907 80,199,702 73,512,720 6,686, ,632,599 4,407,093 2,225, ,093 6,325 18,768 81,100,278 74,320,153 6,780, ,146,358 8,314,217 2,832, ,227 7,716 40,511 91,032,354 80,863,211 10,169, ,528,447 4,846,312 5,682, ,608 9,182 49, ,219,168 48,597, ,621, ,635,860 7,047,358 9,588, ,407 12,530 46, ,151,976 57,427, ,723, ,469,665 9,552,745 8,916, ,555 18,570 57, ,923,588 66,316, ,606, ,109,599 11,523,712 10,585, ,968 17,922 57, ,760,256 64,713, ,046, ,985,040 10,969,417 8,015, ,497 18,945 62, ,259,319 52,908, ,350, ,759,373 9,866,653 9,892, ,147 25,688 63, ,921,805 31,185, ,735, ,111,166 6,786,891 11,324, ,357 34,677 58, ,608,716 26,810, ,798, ,760,110 5,217,643 11,542, ,881 38,236 59, ,114,634 24,725, ,388, ,515,679 4,312,654 12,203, ,890 35,924 45, ,980,977 26,938, ,042, ,793,758 4,981,725 13,812, ,237 35,398 56, ,548,568 29,743, ,805, ,071,553 5,773,505 18,298, ,564 43,489 56, ,491,298 32,302, ,188, ,824,021 6,168,035 18,655, Source: Taiwan Institute Note: 1.The number of companies include both personal and organizational types of institutes. 2.From 2004 on, statistical data are based on information compiled and submitted by insurance auxiliaries to TII

25 20 Table20:Business Statistics of Brokers Year 1 Number of Companies Non-Life Life Salespersons Non-Life Life Written Premium Income Non-Life Life Non-Life Life Unit: NT$ Thousand Non-Life Life , ,732 16,739,505 10,716,293 6,023, ,072, ,421 3,084, , ,554 17,301,922 11,037,782 6,264, ,266,158 1,026,918 3,239, , ,174 20,267,146 13,109,574 7,157, ,735,435 1,139,879 3,595, ,521 9,725 29,796 27,267,698 12,890,039 14,377, ,345,598 1,123,082 7,222, ,337 25,785 25, ,388,770 23,033,198 86,355, ,652,506 1,692,470 10,960, , ,220,020 15,016,683 97,203, ,275,860 2,239,510 14,036, , ,105,541 15,911, ,194, ,128,612 2,888,166 13,240, , ,505,222 13,122, ,383, ,815,384 2,832,644 13,982, , ,590,439 12,959, ,630, ,761,873 3,086,767 15,675, , ,186,501 20,382, ,804, ,931,580 3,224,331 16,707, , ,235,130 20,996, ,238, ,740,931 3,042,163 14,698, ,537 54,581 59, ,943,052 17,567, ,375, ,713,826 3,140,845 17,572, ,057 52,750 63, ,051,707 24,724, ,327, ,992,118 3,316,518 25,675, ,978 51,380 69, ,336,193 28,097, ,238, ,242,588 3,458,329 26,784, Market Shares % Commission Income Source: Taiwan Institute Note: 1.The number of companies includes both personal and organizational company types of institutes. 2.From 2004 on, statistical data are based on information compiled and submitted by insurance auxiliaries to TII. 3.From 2011 on, the estimation of the total number of salesperson is based on those who registered. A salesperson who registered both in life insurance and non-life insurance under the same company will only be caculated as one in the estimation

26 21 Table21:Business Statistics of Surveyors Year 1 Number of Companies Number of Cases General Marine General & General Marine General & General Marine General & Marine Marine Marine ,877 17,465 19, , , , ,491 18,367 20, , , , ,893 17,874 20, , , , ,360 11,790 21, , , , ,006 4,111 6, , , , ,743 7,438 5, , , , ,357 8,155 6, , , , ,994 7,986 7, , , , ,779 15,533 5, , , , ,117 1,042 3,317 15, ,998 26, , , ,535 1,533 1,807 16, ,338 31,585 61, , ,801 3,865 3,704 9, , , , , ,664 6,549 7,446 3, , , , , ,674 7,214 8,864 2, , , , , "" "" " " Source: Taiwan Institute Note: 1.The number of companies includes both personal and organizational types of institutes. 2.From 2004 on, statistical data are based on information compiled and submitted by insurance auxiliaries to TII. 3.From 2009 on, statistical data are categorized into General,Marine and General & Marine () Surveyor fee income (NT$ 1000 dollars)

27 四 保 險 申 訴 統 計 22 Handled by IV. Statistics of Complaint Table22 Statistics of Non-Life Complaint 1 Complaints Opinions Companies Oopinions Complaint Number of Number of Year Rate % % % % Policy Written Complaint Ratio to Ratio to Ratio to Ratio to (thousand) Filed Cases Cases Cases Cases Complaints Complaints Complaints Complaints Filed Filed Filed Filed , , , , , , , , , , , , , , Handled by Reconciliation Others Sources: Non-Life Supervision Division, Bureau Note: 1.After 2012, the Number of complaint cases is based on the complaints received by the Financial Ombudsman Institution

28 23 Table23:Statistics of Life Complaint Year Complaint Rate Number of Policy Written (thousand) 1 Number of Complaint Filed Handled by Complaints Opinions Cases % Ratio to Complaints Filed Handled by Companies Oopinions Cases % Ratio to Complaints Filed Reconciliation Cases % Ratio to Complaints Filed Cases % Ratio to Complaints Filed , , ,599 1, ,612 1, ,325 1, ,710 1, ,822 1, ,127 2, ,379 3, , ,130 3, , ,682 3, , ,622 2, , ,902 3, , ,983 2, , Others Sources: Life Supervision Division, Bureau Note: 1.After 2012, the Number of complaint cases is based on the complaints received by the Financial Ombudsman Institution

29 五 強 制 汽 機 車 責 任 保 險 24 Table24 Statistics of Compulsory Automobile Liability Unit: NT$ Thousand MotorVehicle Motorcycle Vehicle Premium 3 Policies Pure Claims Paid Ratio of Claims Motorcycle Premium 3 Policies Pure Claims Paid Ratio of Claims Insured Income In Force Premium (Liability- Based) Paid (Liability- Based) to Pure Premium % Insured Income In Force Premium (Liability- Based) Paid (Liability- Based) to Pure Premium % Year/ Month ,315,473 11,337,662 6,531,480 9,066, ,542,058 5,742,702 8,535,972 4,247, ,720,993 11,961,357 6,820,546 9,513, ,372,360 5,560,735 8,772,617 4,105, ,808,623 11,748,758 7,092,863 9,297, ,785,535 6,040,757 9,059,956 4,489, ,884,785 11,774,590 7,195,206 9,315,550 6,975, ,916,023 6,158,179 9,425,775 4,587,885 3,949, ,882,734 11,231,651 7,326,516 8,813,411 6,200, ,295,020 6,472,705 9,906,000 4,825,643 3,868, ,830,751 10,311,432 7,353,094 7,909,253 5,918, ,261,670 5,917,256 10,137,891 4,302,969 3,963, ,987,173 9,583,025 6,809,865 7,092,024 6,125, ,583,608 5,765,418 9,930,762 4,218,137 4,357, ,229,004 9,317,479 6,986,900 6,672,733 6,440, ,776,315 5,778,868 10,153,998 4,293,196 5,251, ,321,361 9,377,767 7,126,638 6,695,588 6,967, ,965,669 5,908,754 10,370,494 4,402,618 5,519, ,570,537 9,635,741 7,300,827 6,863,221 6,928, ,334,275 6,048,369 10,614,309 4,558,652 5,908, ,849,994 9,938,297 7,497,933 7,069, ,648,574 5,956,371 10,695,439 4,454, ( ) ( ) V.Compulsory Automobile Liability Source: Taiwan Institute Note: 1. The annual and monthly figures are cumulative figures from the beginning of the year to the end of the given month. 2. The premium income indicated in this table represents written premiums collected during the specified period (including expected losses, the business expenses of insurers, contribution to the Stabilization Fund, overhead associated with actuarial calculation of rates, research and development, information inquiry services, information transmission and other expenses necessary to ensure the soundness of this insurance. However, this does not include contribution to the Compensation Fund.) 3. Prior to December 2009, the statistical data for the number of policies in force indicated in this table was calculated based on the statistical cutoff month. Starting from January 2010, the calculation is based on the statistical cutoff date, which is also the last day of each month. 4.The figures in this column are liability-based paid losses, which are calculated by converting, on the basis of liability, the amount of the claims paid for the year. They are an insurance cost used in the premium rate calculation basis. The figures represent paid claims. For any outstanding claims, the accident liability ratio is undetermined, so the figures do not include the difference between year-end outstanding losses and year-opening outstanding losses. 5. This table uses business statistics as its basis; it therefore differs from other tables that use financial accounting as their basis. 6. Premium income is calculated by expected losses and collected when the insurance contract is entered into. Nevertheless, insured events and claims could occur years after the premium income was collected. Therefore,it is considered appropriate to place the development of net premium income and liability-based paid losses under long-term observation

30 24-1 Statistics of Compulsory Automobile Liability Year/ Month Vehicle Insured 2 Premium Income 3 Policies In Force Pure Premium 4 Claims Paid (Liability- Based) Unit: NT$ Thousand Combined s for Motor Vehicles and Motorcycles Ratio of Claims Paid (Liability- Based) to Pure Premium % 25 Statistics of the Compensation Fund Year/Month Income from Shared Quota ,857,531 17,080,364 15,067,452 13,313, , , ,093,353 17,522,091 15,593,163 13,618, , ,627 1, ,594,158 17,789,516 16,152,819 13,787, , ,400 2, ,800,808 17,932,770 16,620,981 13,903,435 10,925, , ,086 2, ,177,754 17,704,356 17,232,516 13,639,054 10,068, , ,752 3, ,092,421 16,228,688 17,490,985 12,212,222 9,882, , ,439 3, ,570,781 15,348,443 16,740,627 11,310,161 10,482, , ,097 3, ,005,319 15,096,347 17,140,898 10,965,929 11,691, , ,907 3, ,287,030 15,286,521 17,497,132 11,098,207 12,487, , ,705 3, ,904,812 15,684,110 17,915,136 11,421,874 12,836, , ,182 3, ,498,568 15,894,668 18,193,372 11,523, , ,123 3, Source: Taiwan Institute Notes: 1. Same as the notes for the preceding table. 2. This table is added from February Compensation Expenditure Unit: NT$ Thousand Compensation Cases 1. Source: Motor Vehicle Accident Compensation Fund Note: 1.Compensation Expenditure includes settled and unsettled amount, the settled amount is estimated at the date Compensation Cases are filed

31 六 住 宅 地 震 保 險 26 Statistics of Taiwan Residential Earthquake Year/ Month Written Premium Policy Count 1 Claims Amount Unit:NT$Thousand ,242, , ,213 7,600, , , , ,702, ,173,082 7,600, , ,995 1,773, ,101, ,447,545 7,600, ,035,167 1,161,405 2,934, ,425, ,672,043 7,600, ,294,089 1,447,224 4,381, ,722, ,872,195 7,800, ,543,644 1,691,626 6,073, ,947, ,029,369 7,800, ,726,190 1,765,223 7,838, ,951, ,168,528 7,900, ,703,332 1,737,206 9,575, ,057, ,088 2,294,738 8,077, ,775,621 1,817,573 11,393, ,193, ,390,202 8,166, ,875,180 1,911,904 13,305, ,202, ,459,152 8,166, ,676, ,902 13,906, ,336, ,553,337 8,372, ,790,771 1,814,810 15,721, ,463, ,637,811 8,372, ,897,149 1,908,562 17,629,590 Source:Taiwan Residential Earthquake Fund Note:1.The amounts of Claims include the adjustment expenses incurred by insurance companies for attending their own insured s losses; meanwhile, effective from July 2013, the said Claim amounts also include the following items- 1) Adjustment expenses incurred by insurance companies for attending other companies losses in the case of coordinated claim services; 2) Other adjustment expenses incurred by TREIF. 2.Take-up-rate = Policy Count / Household Count. 3.The Household Count will be altered periodically by Financial Data Center,Ministry of Finance. 53 Policy Count Unit:NT$Thousand Household Count 2 Take-up rate % =/ 3. VI.Taiwan Residential Earthquake 27 Statistics of Taiwan Residential Earthquake Fund Year/ Month Net Income Provision(Recovery ) for Special Reserve Accumulated Special Reserve Source:Taiwan Residential Earthquake Fund Note:1.As stipulated under Article 7 of Regualtions Governing the TREIF", effective 2012, the unearned premium reserve has been set aside by the 1/24 method according to the pure premium to which the TREIF is entitled. As the unearned premium reserve set aside in 2012 was over NT$1.1 billion, the 2012 Accumulated Special Reserve amount decreased substantially. 2.Effective from March 2013, the figures under the following headings are re-defined as below: -Provision(Recovery) for Special Reserve: the annual (or year-to-date) Special Reserve amount listed for the respective individual year. -Accumulated Special Reserve: the Special Reserve accumulated from 2003 to the end of the respective year. 54

32 七 我 國 與 世 界 其 他 各 國 比 較 Continent Ranking Premium income Shares % VII. Comparing Taiwan with Other Countries 1 Ranking Premium income Shares % Ranking Premium income Shares % North America U.S. 1 1,263, , , Asia Japan 2 494, , , Europe U.K , , , Asia PR China 4 280, , , Europe France 5 253, , , Europe Germany 6 247, , , Europe Italy 7 168, , , Asia South Korea 8 145, , , North America Canada 9 127, , , Europe Netherlands 10 99, , , Asia Taiwan 11 90, , , South America Brazil 12 82, , , Oceania Australia 13 78, , , Europe Spain 14 72, , , Asia India 15 65, , , Europe Switzerland 16 63, , , Africa South Africa 17 51, , , Europe Ireland 18 50, , , Europe Sweden 19 41, , , Europe Belgium 20 37, , , in the World Country Table28:Global Ranking of Top 20 Premium Income in 2013 Non-Life 4,601, ,054, ,546, " Swiss Re, Sigma No. 3/2014" Source: Quoted and translated from Swiss Re, Sigma No. 3/ Note: 1.Property insurance includes health and accident insurance. Unit: US$ Million Life 55 56

33 Global Ranking of Top 20 Density in Global Ranking of Top 20 Penetration in 2013 Density (USD ) Penetration % Ranking Country Life Non-Life Ranking Country Life Non-Life 1 Switzerland 7, , , Taiwan Netherlands 5, , , South Africa Denmark 5, , , Hong Kong Luxembourg 5, , , Netherlands Finland 5, , , South Korea Hong Kong 5, , Finland U.K. 4, , , U.K Norway 4, , , Japan Sweden 4, , , Denmark U.S. 3, , , Switzerland Japan 3, , France Taiwan 3, , Bahamas Ireland 3, , Portugal France 3, , , U.S Canada 3, , , Sweden Singapore 3, , Ireland Australia 3, , , Italy Belgium 3, , , Namibia Germany 2, , , Belgium South Korea 2, , , Canada World World " Swiss Re, Sigma No. 3/2014" 1. Source Quoted and translated from Swiss Re, Sigma No. 3/2014. Note 1. Density: average insurance expense per capita. " Swiss Re, Sigma No. 3/2014" 1. GDP Source:Quoted and translated from Swiss Re, Sigma No. 3/2014. Note 1. Penetration: the ratio of insurance premium to GDP

34 八 保 險 業 安 定 基 金 提 撥 VIII. Stabilization Fund Contribution 31 Statistics of Stabilization Fund Accumulated Contribution Year/Month Accumulated Non-Life Ins. Stabilization Fund Life Stabilization Fund Unit: NT$ Million Taiwan Guaranty Fund ,032 2,469 8, ,898 2,753 10, ,900 1,535 11, ,693 1,777 12, ,644 1,998 14, ,051 1,569 6,142 4, ,615 12,613 14, ,959 14,481 16, ,176 16,732 18, , , , ,213 ; ; 劵 Source: Non-life Stabilization Fund;Life Stabilization Fund; Taiwan Guaranty Fund Note: 1. The Taiwan Guaranty Fund is established on July, 2009, and its initial fund was contributed by the Life Stabilization Fund and the Non-life Stabilization Fund. 2.The Life Stabilization Fund and the Non-life Stabilization Fund were ordered to dissolve in 2010, and all of the residual fund of the two organizations were contributed to the Taiwan Guaranty Fund. Therefore, the amount of accumulated fund of the Taiwan Guaranty Fund after 2010 is the sum of the fund from the life insurance stabilization account and the non-life insurance stabilization account. 3. To respond accordingly to the matter of Kuo Hua life insurance auction project,the Life Guaranty Fund has paid $ billion on April the first,