Taiwan
Regulators approve Taishin acquisition of Prudential Life Taiwan
Taishin will retain all Prudential employees and increase required capital.
Regulators approve Taishin acquisition of Prudential Life Taiwan
Taishin will retain all Prudential employees and increase required capital.
Taiwan's Cathay Life posts $2.18b net profit in 4M 2021
Parent firm Cathay Financial recorded a $511m net profit in April.
Good underwriting, investments boost Taiwan's Shinkong Insurance in 2020
Its capital and surplus have grown 43% over the past five years.
Paperless life insurance policies in Taiwan in two years: report
Life insurance policies in Taiwan will eventually become paperless, the country’s Central News Agency has reported.
Families of Taiwan train crash victims entitled to $158,000 from insurers
It includes a $88,000 basic coverage in carrier's liability from Cathay Century Insurance.
Taiwanese insurers gain from higher limit on foreign currency policies
It will incentivise sale and back overseas investments, an analyst said.
Taiwan insurers' 2020 pre-tax profit jumps 30.7% to $8.35b
The buoyant stock market drove the growth.
Taiwan insurers to shift towards new solvency, sustainability
The regulator has also pushed for changes in product mix.
Taishin Financial to acquire Prudential Taiwan for $187m
The country's financial regulator has yet to approve the deal.
Taiwan's life insurers shift products ahead of new solvency
The segment will likely prioritise foreign currency over the local dollar.
Taiwan's general insurance sector to contract 1.7%
The sector is plagued by export and motor business downfalls.
Crisis exacerbates Taiwan life insurers' woes
The sector heavily depends on spread gains which are sensitive to volatility.
Allianz Taiwan unveils country's first AI-powered chatbot
‘Allie’ can answer customer inquiries and allow cross platform operations.
Taiwan's protection business is growing slowly
Taiwan life insurers expect continued demand for their savings-type products over the next 12-18 months, thanks to a high a high national saving rate of 34% of GDP in 2016, according to Moody’s. However, whilst continuing savings-type product growth will sustain the industry’s topline and profit momentum, Moody’s noted that this growth is credit negative as it reflects the industry’s slow progress in expanding its protection-type products.
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Indonesia enters era of digital insurance distribution
![Indonesia enters era of digital insurance distribution]()
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
