Stock Markets Steady, Life Insurance Investment-Linked Policies See 90% YoY Growth in New Premiums for First 5 Months
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85/100
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9
AI Summary (NQ-processed)
From January to May 2024, Taiwan's life insurance sector recorded NT$338.5 billion in new premiums for investment-linked policies, a 90.3% year-on-year increase, driven by stable global stock markets and rising investor confidence.
AI Analysis
Frequently Asked Questions
- Q: How much did investment-linked insurance premiums grow year-on-year?
- A: From January to May 2024, investment-linked premiums reached NT$338.5 billion, up 90.3% YoY.
- Q: What drove traditional insurance growth?
- A: IFRS 17-compliant product development, aging-society-focused policies, and bank channel expansion.
- Q: What was the May 2024 investment-linked insurance sales?
- A: In May 2024, investment-linked premiums hit NT$78.3 billion, a 210% year-on-year surge.