Taiwan insurers see steady growth

There continues to be steady demand in the Taiwan non-life insurance market for certain lines of business since the onset of the COVID-19 pandemic. Direct premiums written (DPW) grew by 7 percent in 2022, albeit down from 10 percent in 2021. Still, positive momentum extended into the first half of 2023, driven mainly by high demand for motor and fire coverage, as well as liability and marine products, and partially counterbalanced by shrinkage in other insurance lines.