The Taiwan Financial Services Commission (FSC) released first-quarter 2025 data on life insurers’ sales of spillover-effect insurance products and in-kind payment insurance products, showing diverging trends between contract volumes and first-year premium income across the two categories. For spillover-effect insurance products, the FSC had approved or accepted registrations of 251 products from 15 life insurance companies. New contracts totalled 253,136 in Q1 2025, down 18% from 310,232 in Q1 2024, while first-year premium income rose 110% to TWD 11,091.03 million from TWD 5,284.44 million. For in-kind payment insurance products, the FSC had approved or accepted registrations of 50 products from 7 life insurance companies. New contracts totalled 123,515 in Q1 2025, up 58% from 78,181 in Q1 2024, while first-year premium income fell 62% to TWD 290.85 million from TWD 769.02 million.
Taiwan Financial Services Commission 2025-04-29
Taiwan Financial Services Commission publishes Q1 2025 sales and premium figures for spillover-effect and in-kind payment life insurance products
The Taiwan Financial Services Commission reported Q1 2025 data on life insurers' sales of spillover-effect and in-kind payment insurance products, revealing contrasting trends. Spillover-effect products saw an 18% decline in new contracts but a 110% increase in first-year premium income. In contrast, in-kind payment products experienced a 58% rise in new contracts but a 62% drop in first-year premium income.