Like most developed countries around the world, Taiwan’s population growth has slowed precipitously and its average age is rising fast. Cost-conscious buyers have been and continue to be more likely to purchase lower-cost, higher-earning savings products from life insurers as an alternative investment vehicle to build their assets. As a result, while insurance penetration is high, most families do not have sufficient insurance protection. This article examines opportunities and innovations.
Reprinted with permission of The Asia Insurance Review (AIR)