Taiwan
Taiwan insurers reach $3.1b profits in December ‘23
The overseas investments of life insurers yielded net gains of $16.5b.
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.
Taiwan’s FSC approves 197 spillover-effect insurance products from 13 insurers
These products accumulated 846,835 new contracts.
Taiwan’s non-life operating performance ‘likely’ to stay afloat in 2023: AM Best
Recovery in the capital markets and reserve releases will support the industry’s performance.
Hotai Insurance to maintain strong capital stance until year-end
The prediction is due to the company’s improved balance sheet, attributable to its mitigation plan.
Taiwan’s pre-tax earnings register NT130b, YTD
Both its life and non-life markets saw incremental year-on-year increases.
Taiwan’s life insurers buckle up for capital standard implementation by 2026
Life insurers are expected to move towards health and accident policies in the next two years.
Taiwan’s Insurance Bureau calls for China investment risk report
The regulator urged life insurers to report back risks related to the growing instability of China’s financial market.
Lloyd’s of London trump insurers in rate hikes, Taiwan concerns linger
China’s possible military action could cause insurers to raise rates.
Insurers in Taiwan to face increased capital pressure: Fitch Ratings
IFRS 17 adoption could lead to profitability.
MSIG Mingtai, Moody’s partner for calamity risk analytics
MSIG Mingtai aims to meet evaluation standards, manage catastrophe risk accumulation, and provide secure insurance services to clients.
Taiwanese insurers' pre-tax profit reach $1.77b
There was a significant contrast between life insurance and non-life insurance sectors.
Generali acquires Conning from Cathay Life
Impact on Generali's Solvency II ratio is expected to be minimal.
Fubon Insurance surplus to keep momentum after capital injection: analyst
The insurance company was also described to have an adequate balance sheet.
Thought Leadership Centre
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
