How much did investment-linked policy premiums grow for life insurers in Q1 2024?

Investment-linked policy premiums reached NT$187.9 billion, a 54.5% year-on-year increase in Q1 2024.

What percentage increase in new contract premiums did life insurers report in Q1 2024 compared to the previous year?

Life insurers reported a 36.11% year-on-year increase in new contract premiums in Q1 2024.

What role did banks play in the growth of investment-linked policies in Q1 2024?

Collaborations with banks and investment trusts drove the growth of investment-linked policies in Q1 2024.

AI News NQ Analysis

Life Insurers' Q1 New Contract Premiums Reach NT$368.2 Billion, Investment-Linked Policies Up Over 50%

NQ Score 100/100

AI Summary (NQ-processed)

Life insurance companies recorded new contract premiums of NT$368.2 billion in the first quarter, a year-on-year increase of 36.11%. Investment-linked policies showed a significant rise, with new premiums around NT$187.9 billion, up 54.5% year-on-year. This growth is driven by collaborations with banks and investment trusts, and the appeal of dollar-denominated policies and products with higher Contractual Service Margin (CSM).

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Frequently Asked Questions

Q: What was the new contract premium for life insurers in Q1 2024?: A: Life insurers recorded new contract premiums of NT$368.2 billion in the first quarter of 2024.
Q: How much did investment-linked policy premiums grow for life insurers in Q1 2024?: A: Investment-linked policy premiums reached NT$187.9 billion, a 54.5% year-on-year increase in Q1 2024.
Q: What percentage increase in new contract premiums did life insurers report in Q1 2024 compared to the previous year?: A: Life insurers reported a 36.11% year-on-year increase in new contract premiums in Q1 2024.
Q: Which financial products contributed to the growth of life insurers' premiums in Q1 2024?: A: Dollar-denominated policies and products with higher Contractual Service Margin boosted premiums in Q1 2024.
Q: What role did banks play in the growth of investment-linked policies in Q1 2024?: A: Collaborations with banks and investment trusts drove the growth of investment-linked policies in Q1 2024.