Taiwan’s insurance sector is expected to grow next year, supported by a stable domestic economy and easing monetary policies globally, according to KPMG Taiwan’s annual report. Profits reached over TWD300bn (USD9.24bn) in the first eight months, surpassing last year’s total, as economic conditions improved and inflation pressures eased. Bond value declines had previously hampered the sector, but anticipated US Federal Reserve rate cuts could bolster asset growth, which rose 3.8% last year to TWD35.38tr. However, Taiwan’s global premium ranking slipped to 14th, with insurance penetration falling to 10.3% of GDP. Taiwan’s aging population, projected to reach 20% aged 65+ next year, signals both challenges and potential for life planning products, KPMG noted.