讀後心得

The attractiveness of foreign currency policies has declined. The Financial Supervisory Commission pointed out that in January this year, the new premium income from foreign currency policies was NT$32.343 billion, accounting for only 35.96%, setting a seven-year low, with a growth rate of only 11%, which is lower than the 54.06% of Taiwan dollar policies. Although the income from both foreign currency investment-type and traditional policies has increased compared to the same period last year, the overall market preference for Taiwan dollar policies remains strong. The Deputy Director-General of the Insurance Bureau stated that data from 2019 to 2024 shows that the proportion of foreign currency policies has continued to fluctuate, with the ratio dropping to a near seven-year low in January of this year. There has been varying degrees of growth in USD, AUD, and RMB policies, which are mainly related to the recovery of the stock market and confidence in economic performance.

The attractiveness of foreign currency insurance policies seems to have diminished. On the 25th, the Financial Supervisory Commission pointed out that the new contract premium income from foreign currency insurance products in January this year was 32.343 billion NTD, accounting for 35.96% of the total new contract premium, the lowest level for the same period in seven years. Additionally, the growth rate of new contract income from foreign currency policies in January was only 11%, far lower than the 54.06% for NTD policies. Although the income from foreign currency investment-type insurance and traditional policies has increased in USD, AUD, and RMB, the insurance bureau analyzes that this phenomenon may be related to market demand, while NTD policies are favored by the public.

The Deputy Director of the Insurance Bureau mentioned that the proportion of new contract premium income from foreign currency insurance products from 2019 to 2024 were 37.19%, 55.75%, 61.49%, 64.48%, 42.09%, and 43.88% respectively, while January of this year only showed 35.96%, again hitting a seven-year low.

Specifically, in January this year, the income from foreign currency investment-type policies was about 5.111 billion NTD, accounting for 16%, while the foreign currency traditional policies totaled 27.232 billion NTD, accounting for 84%. Compared to the same time last year, both types of premium income saw growth. The new contract premium income from USD insurance products was about 1.122 billion USD, with investment-type insurance around 0.147 billion USD, accounting for about 13%, and traditional insurance was 0.975 billion USD, accounting for about 87%. The main reason for the increase in investment-type policy income is the rebound of U.S. stock prices, but it has decreased compared to December of last year, mainly due to the slowing growth of U.S. stocks and a weakening year-end sales boom, compounded by a higher base in December of last year. The growth in traditional policies was attributed to ongoing economic growth in the United States and a high interest rate environment, which increased consumer purchasing willingness.

Regarding AUD policies, the new contract premium income was about 0.022 billion AUD, with investment-type insurance around 0.006 billion AUD, accounting for about 27%; traditional insurance was about 0.016 billion AUD, accounting for about 73%. The increase in investment-type income is mainly due to the market's rising confidence in the Australian economy, while the attractiveness of traditional policies is due to the Reserve Bank of Australia's interest rate cuts, which enhanced the relative appeal of the set interest rates.

As for RMB policies, this year's new contract premium income was about 0.016 billion RMB, with investment-type insurance around 0.012 billion RMB, accounting for about 75%, and traditional insurance about 0.004 billion RMB, accounting for about 25%. The revenue growth from investment-type policies is mainly related to the recovery of the mainland stock market, while the growth in traditional policies was influenced by the introduction of new products and aggressive promotions by insurance companies at the end of last year.