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.