With smartphone penetration rates exceeding 65%, Internet penetration at 80%, and a quarter of the population using at least three connected devices, Taiwan is among the most connected nations in the world. This connectivity is reflected in Taiwan’s surging e-commerce, which has grown on average at 10-20% annually for the past five years, reaching nearly…

In many respects, Taiwan is very well-positioned for smooth development of its insurance market. Among the positive basic characteristics are a well-educated and prosperous population with per capita national income last year of US$19,315. Calculated by purchasing power parity, per capita GDP comes to US$45,900. Taiwan also has a high gross national savings rate of…

A National Drug Policy Forum brought wide discussion but few conclusions. The Ministry of Health and Welfare (MOHW) in early February convened a one-day National Drug Policy Forum (originally scheduled to be held in December 2014), bringing together representatives from the various stakeholders: government, hospitals and other healthcare providers, the pharmaceutical industry (both originals and…

Taiwan online insurance

The industry looks forward to potential further opening later this year. In AmCham’s Taiwan White Paper for the past several years, the Insurance Committee urged the government to enable consumers to purchase relatively simple types of insurance more conveniently online. For example, the Committee’s position paper suggested revision of a regulation requiring online purchasers of…