Taiwan
More Taiwan insurers set to inject capital after losses
The surge in COVID-19 policy claims had put several insurers in the red.
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.
Taiwan life insurance industry YoY profits drops by 25% in March
Meanwhile, non-life segment YoY profits soar by 23.6%.
Sale of COVID-19 policies surged in Taiwan
About 460,000 over the past week.
Taiwanese insurers ceases sales of COVID-19 insurance
Insurers blamed rising infections for halting sale of COVID-19 cover.
Taiwan regulator amends financial reporting rules by insurers
The new amendment aims strengthen transparency regarding cyber security risk management.
China Life and Tokio Marine reveal cross-marketing partnership
This is to help promote both their insurance products in the market.
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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.
