, Taiwan

Sale of COVID-19 policies surged in Taiwan

About 460,000 over the past week.

Taiwan recorded 460,000 COVID-19 policies sold in the past weeks amidst rising infection, the Financial Supervisory Commission (FSC) data showed.

The data showed local insurers have sold 1.65 million COVID-19 insurance policies since they were launched early last year, spiking 38% in 18 April.

The surge in sales could be attributed to a surge in local infections, which totaled 551 on 19 April.

Despite some insurers halting sales of policies compensating quarantined policyholders, related products covering hospitalisation and adverse events due to vaccination were still available.

COVID-19 insurance sales totaled $10.3m in the month.

You may also like:

Taiwanese insurers ceases sales of COVID-19 insurance

COMMENTARY: Moving towards a “higher bottom line” in the insurance sector in Southeast Asia

Japanese insurer takes giant leap for space insurance

Follow the links for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Peak Re names new underwriting chief
He has had a decade of experience in a similar role.
Insurance
Dai-ichi Life buys NZ-based insurer for $630m
The acquisition was made through Dai-ichi Life International Holdings.
Insurance
China Life delists from US stock exchange
The insurer said they would apply for ‘voluntary delisting’.
Insurance
BOC HK, BOC Life launch green savings insurance plan
It offers up to a 3% annualised guaranteed rate of return at policy maturity.