Taiwan

Tokio Marine suffers $400m loss from Taiwan COVID-19 cover payouts

The loss will reflect in the quarter ending September.
4 days ago

Tokio Marine suffers $400m loss from Taiwan COVID-19 cover payouts

The loss will reflect in the quarter ending September.
4 days ago

Taiwan insurers cough up over $1b in COVID-19 claims

Some insurers took to selling properties to increase cash reserves.

Taiwan general insurance industry pre-tax profits plummet by 484.4% in June

The life insurance industry's pre-tax profit drop however slowed down to 17.3%.

Taiwan regulator amends regulations of public disclosure of information for insurers

The commission said this is for the sake of consistency in its financial supervision.

Taiwan’s general insurance industry growth slows in 2022

However, an analyst predicts it will ramp up in 2023 at a CAGR 5.4%.

More Taiwan insurers set to inject capital after losses

The surge in COVID-19 policy claims had put several insurers in the red.

Increase in profits still too slow for Taiwan’s insurance industry

For a developed country, insurance penetration remains low at 1%.

Chubb to integrate Cigna’s Taiwan business

It also announced the new leader of the integrated business.

Taiwan insurance industry profits continues downward spiral

Life insurer profits dropped by 23.6% whilst non-life fell by 203.2%

Seven Taiwan insurers fails to collect $100m interest on Russian bond

This is the first time Russia has defaulted on its international bonds.

Allianz Taiwan is a mid-sized fish in a big pond: Moody’s

It is one of the top three investment-linked product underwriters in Taiwan.

Taiwan’s COVID-19 insurance policy complaints surges 

Complaints is now 25 times higher than last year.

What are Taiwan’s insurance regulation amendments for the elderly?

Several amendments were introduced to enhance the protection of senior citizens.

Taiwan’s life insurance industry profits reports another drop in April

The non-life business also failed to beat its previous year’s record.

Taiwan insurers mull injecting new funds as COVID-19 claims cut down profit

Two insurers plan to raise capital once their risk-based capital falls below 250%.

Taiwan insurance industry suffers double digit drops in April

Life insurance enterprise fell by 13.9% whilst decreased by 16.5%.

Taiwan’s COVID-19 insurance claims may exceed $1.39b: regulator

7.6 million policies are estimated to have been sold by insurers in Taiwan.