Business Overview

In 2016, the Company generated a total premium income(rounded up to the nearest million)of NT$7,004 million an increase of NT$110 million or 1.61%, from NT$6,894 million of the total premium income recorded in 2015.

A. Direct Insurance Business

In 2016, the direct written premiums of the Company totaled NT$6,415 million an increase of NT$210 million or 3.38%, from NT$6,205 million in 2015.

  1. Fire insurance (including insurance against natural perils): The premiums totaled NT$1,593 million accounting for 24.83% of the total written premiums.
  2. Marine cargo insurance: The premiums totaled NT$244 million accounting for 3.81% of the total written premiums.
  3. Marine hull insurance: The premiums totaled NT$362 million accounting for 5.56% of the total written premiums.
  4. Automobile insurance: The premiums totaled NT$3,046 million accounting for 47.48% of the total written premiums.
  5. Aviation insurance: The premiums totaled NT$123 million accounting for 1.91% of the total written premiums.
  6. Engineering insurance: The premiums totaled NT$164 million accounting for 2.56% of the total written premiums.
  7. Accident insurance (including Health insurance): The premiums totaled NT$220 million accounting for 3.43% of the total written premiums.
  8. Other insurance: The premiums totaled NT$662 million accounting for10.32% of the total written premiums.

B. Reinsurance Business

The inward reinsurance premiums for 2016 amounted to NT$590 million a decrease of NT$99 million or 14.35%, from NT$689 million posted in 2015.

  1. Domestic inward reinsurance: Premiums totaled NT$526 million accounting for 89.15% of the total reinsurance premiums.
  2. Foreign inward reinsurance: Premiums totaled NT$64 million accounting for 10.85% of the total reinsurance premiums.