Taiwan
Cathay Life Insurance commits $146m in private equity funds
The Taiwanese insurer has funded two PE funds.
Cathay Life Insurance commits $146m in private equity funds
The Taiwanese insurer has funded two PE funds.
Fubon Insurance records net loss for first quarter 2023
Insurance premiums increased during the period.
Cathay Life Insurance unveils new health strategy for policyholders
The insurer is also embedding a new wellness program on its app.
8 out of 10 Taiwanese workers do not have retirement plans
More than half are relying on labour insurance and pension funds.
Taiwan’s National Health Insurance to cover robotic surgical procedures
The policy will take effect on 1 March.
WTW appoints new Taiwan head
The previous head, Charles Wang, has retired.
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%.
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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.
