Allianz Report: Taiwan's Insurance Market to Grow 4.4% Annually Over Next Decade Due to Aging Population

The Allianz Group has released its '2026 Allianz Global Insurance Report,' revealing that Taiwan's total premium income in 2025 rose by 7.3% to 78.9 billion euros (approximately 2.88 trillion TWD). The report projects that while the global insurance market will grow at an annual rate of 5.3% over the next decade, Taiwan's market is expected to grow by 4.4%. This growth is largely attributed to the rapid aging of the population, which is driving significant demand for supplementary personal pensions and medical coverage. Ludovic Subran, Chief Economist at Allianz, noted that while geopolitical fragmentation is complicating the economic landscape, insurance remains a vital mechanism for risk transfer and economic stability.