Taiwan life insurers sell 363,831 spillover contracts in Q1 2026

First-year income from these products reached NT$24.32b.

Taiwan’s life insurers sold 363,831 new spillover-effect insurance contracts in the first quarter of 2026, up 44% from 253,136 in the same period last year.

First-year premium income from these products also increased, rising 119% to $0.8b (NT$24.32b) from $0.4b (NT$11.09b) in the first quarter of 2025, according to the Insurance Bureau.

The Financial Supervisory Commission has approved or accepted registrations for 316 spillover-effect insurance products from 15 life insurance companies.

Sales of in-kind payment insurance products were lower over the same period. Life insurers sold 114,963 new contracts in the first quarter of 2026, down 7% from 123,515 a year earlier.

First-year premium income from in-kind payment insurance products fell 56% to $4.1m (NT$127.84m), compared with $9.3m (NT$290.85m) in the first quarter of 2025.

The FSC has approved or accepted registrations for 52 in-kind payment insurance products from seven life insurance companies.

($1.00 = NT$31.49)