Taiwan
TREIF estimates $23.5m in losses from more than 450 claims
Guy Carpenter notes that the full extent of the quake’s impact on the industry is yet to be determined.
TREIF estimates $23.5m in losses from more than 450 claims
Guy Carpenter notes that the full extent of the quake’s impact on the industry is yet to be determined.
Taiwan appoints Peng as FSC chair to enhance financial hub
Peng Jing-Jung is also an associate dean of the College of Commerce at National Chengchi University.
Taiwan's non-life insurers unlikely to see big quake claims – AM Best
Some insurers could benefit from robust parental financial support, as mandated by regulations.
Taiwan’s property insurance to spike after 7.4 quake spurs millions in losses
Taiwan's general insurance industry's profitability isn't likely to be significantly affected.
Nan Shan General Insurance seen to maintain asset mix to boost investment returns
A credit rating agency sees Nan Shan General Insurance Co., Ltd. to keep its asset mix while working on increasing investment returns.
Taiwan's insurance sector profits reach $1.8b
Life insurance accounts for 94.4% of the total.
Regulatory change boosts capital options for Taiwanese insurers
The move can potentially reduce the cost of capital and broaden their investor base.
Allianz Taiwan's strong capitalization boosts resilience: Moody’s
The insurer faces challenges due to its moderate overall market presence.
Taiwan's insurance businesses achieve $1.1b profit in January
Both life and non-life industries saw a rise in their January earnings.
Fubon Life first-year premiums surge 80.6% YoY in January
Direct written premium hit a record high of NT$7b, driven by commercial lines’ double-digit growth.
Fubon Insurance gets boost from parent: AM Best
Both Fubon Insurance and the group’s Vietnam arm have shown sturdy finanacials.
Taiwan insurers reach $3.1b profits in December ‘23
The overseas investments of life insurers yielded net gains of $16.5b.
Taiwan’s insurers witness decrease in life, non-life jumps in November
Life insurance fell 47.7% in pre-tax profits whilst non-life jumped more than double on a year-on-year basis.
Taiwan’s life insurance sector will bounce back in 2024 – GlobalData
The industry is forecast to grow at a compound annual growth rate (CAGR) of 3.0% to $91.6b in 2027.
Recent regulatory changes to boost Taiwan’s life insurance sector: Fitch Ratings
New measures extend the adjustment period for insurers to adapt product and investment strategies to meet capital requirements by 2026.
Gallagher introduces new brokerage arm in Taiwan
CEO Brian Wang hopes to get opportunities in the manufacturing, agriculture, financial and technology sectors.
Taiwan’s FSC approves 197 spillover-effect insurance products from 13 insurers
These products accumulated 846,835 new contracts.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
