Taiwan
Taiwan insurers to raise fresh equity amidst new capital requirement
The new standard also raised compliance risks for insurers.
Taiwan insurers to raise fresh equity amidst new capital requirement
The new standard also raised compliance risks for insurers.
Taishin, Shin Kong approve merger
This creates Taiwan's fourth-largest financial firm
Taiwan insurers post $9.47b pre-tax profit in August
Its non-life insurance segment witnessed a twofold increase.
Earthquake insurance uptake grows significantly in Taiwan
25 years after the Chi-Chi earthquake, TREIF has increased its event funding to $
FSC rejects CTBC's bid for Shin Kong Financial
CTBC had proposed purchasing 51% of Shin Kong Financial.
Will Taiwan’s non-life sector sustain profit surge beyond 2024?
The sector’s direct written premiums in 7M’24 climbed 11.4% YoY.
Cathay Insurance benefits from diversified investments, strong liquidity
Its consolidated adjusted capital and surplus grew by 16% end-2023.
Cathay Life net profit surges to $2b despite premiums decline
Premium slump was driven by weaker demand for investment-linked and interest-sensitive annuities.
Nan Shan Life's investment strategy solid across currencies
S&P also expects the insurer to maintain its current investment risk exposure.
Taiwan’s investment-linked insurance products dwindle in June
Sales of traditional products increased 19% YoY.
Taiwan insurers' earnings doubled to $10b in July
Both its life and non-life segments witnessed triple-digit growth.
Central Reinsurance Q2 2024 net income surges to $183m
EPS stood at $0.03.
Shin Kong Life sees solvency boost from parent company’s aid
Fitch expects SKL’s solvency position to stabilise further with an additional $0.43b.
Central Re’s finances bolstered by prudent investments and retrocession
AM Best sees Central Re to continue focusing on low-risk, fixed-income investments.
Taiwan’s foreign-currency policies see 5% YoY rise in May
This was equivalent to $3.6b.
Taiwan insurers boost spillover sales in Q2
A total of 616,088 new contracts were sold.
Taiwan insurers' earnings quadruple to NT$229.7b in June
Both life and non-life industries saw triple-digit growth.