Taiwan
Taiwanese insurers and banks decreases exposure to China to record low
Aggregate exposure through loans, investments, and deposits contracted by 1% sequentially.
Taiwanese insurers and banks decreases exposure to China to record low
Aggregate exposure through loans, investments, and deposits contracted by 1% sequentially.
Taiwan suffers sixth-month loss in the non-life insurance industry
Non-life insurers suffered a 681.1% loss in September compared to a year before.
Pandemic claim losses won’t drag down Fubon Insurance’s strong profitability: Moody’s
Strong capitalisation is back by support from Fubon Financial.
Taiwan’s non-life insurance suffers 537.1% loss in August
This is the fifth consecutive month of loss for the insurance industry.
Pandemic insurance claims to drag Cathay Century’s operating results: AM Best
However, the ratings firm said this is a one-off event for the insurer.
Profit crash continues in July for Taiwan’s general insurance industry
The industry suffered a 466.7% YoY fall in pre-tax profits.
Tokio Marine suffers $400m loss from Taiwan COVID-19 cover payouts
The loss will reflect in the quarter ending September.
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.
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1. 25% of employers to enhance insurance coverage in the next two years 2. Allianz Partners collaborates with MoneyHero for travel insurance 3. MAS slaps 12-year ban on ex-Manulife rep for cheating 4. Natural disasters steer Asia Pacific towards parametric insurance 5. AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participantsAwards
Jul
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