Taiwan insurance industry suffers double digit drops in April
Life insurance enterprise fell by 13.9% whilst decreased by 16.5%.
Both Taiwan’s life and non-life insurance saw double-digit drops in April, according to statistics released by the Financial Supervisory Commission (FSC).
Life insurance industry’s pre-tax profit reached $6.07b, a decrease of 13.9% compared to the previous year. Non-life went down 16.5% to $230m, a decrease of $45m compared to the same month last year.
Total owners' equity of insurance enterprises at the end of April 2022 was $63.48b. Owners' equity of life insurance enterprises was $58.44b, going down by 32.3% compared to last year, whilst owners' equity of non-life insurance enterprises was $5.04b, going down by 1.7%.
You may also like:
Taiwan’s COVID-19 insurance claims may exceed $1.39b: regulator
nib postpones increasing health insurance premiums for Australians
Read Here
Advertise
Sign Up
