Taiwan
Cathay Insurance benefits from diversified investments, strong liquidity
Cathay Insurance benefits from diversified investments, strong liquidity
Its consolidated adjusted capital and surplus grew by 16% end-2023.
Cathay Life net profit surges to $2b despite premiums decline
Premium slump was driven by weaker demand for investment-linked and interest-sensitive annuities.
Nan Shan Life's investment strategy solid across currencies
S&P also expects the insurer to maintain its current investment risk exposure.
Taiwan’s investment-linked insurance products dwindle in June
Sales of traditional products increased 19% YoY.
Taiwan insurers' earnings doubled to $10b in July
Both its life and non-life segments witnessed triple-digit growth.
Central Reinsurance Q2 2024 net income surges to $183m
EPS stood at $0.03.
Shin Kong Life sees solvency boost from parent company’s aid
Fitch expects SKL’s solvency position to stabilise further with an additional $0.43b.
Central Re’s finances bolstered by prudent investments and retrocession
AM Best sees Central Re to continue focusing on low-risk, fixed-income investments.
Taiwan’s foreign-currency policies see 5% YoY rise in May
This was equivalent to $3.6b.
Taiwan insurers boost spillover sales in Q2
A total of 616,088 new contracts were sold.
Taiwan insurers' earnings quadruple to NT$229.7b in June
Both life and non-life industries saw triple-digit growth.
Nan Shan holds 12% market share in Taiwan's insurance
The insurer's total capital increased due to narrower unrealised losses in 2023
Taiwan to repatriate $921b for strategic investments
It aims to boost strategic sectors with overseas insurance funds.
Insurers in Taiwan to issue bonds for capital adequacy
Regulatory risk-based capital ratios remained well above the 200% minimum.
Taiwan's insurance sector posts $5.5b pre-tax profit in May
Its general insurance market surged nearly five times more than last year.
Taiwan's life sector sees 7% growth in foreign-currency sales
Investment-linked insurance products accounted for 15% of the total.
Taiwan's new EV insurance plans to ensure fair pricing
Premium rates for EVs won't exceed those for gas vehicles by 50%.
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