Taiwan’s investment-linked insurance products dwindle in June

Sales of traditional products increased 19% YoY.

Taiwan's life insurance industry reported premium revenues from new foreign-currency denominated policies totalling approximately $4.60b (NT$148.327b) as of end-June, reflecting a 5% year-on-year (YoY) increase from $4.39b (NT$141.508b) in the same period last year, data from the Insurance Bureau showed.

Investment-linked insurance products generated $0.66b (NT$21.185b), representing 14% of the total, but saw a significant 38% YoY contraction from $1.07b (NT$34.395b). 

In contrast, sales of traditional insurance products reached $3.94b (NT$127.142b), making up 86% of the total and marking a 19% YoY increase from $3.32b (NT$107.113b).

($1.00 = NT$31.98)