Taiwan

It aims to ‘strengthen protection of the insurance rights and interests of senior consumers’.

The life insurance industry only saw a 6.2% increase.

Gross written premiums’ annual growth rate peaked at 10.1% in 2021.

Taiwan's total financial risks in all sectors are expected to reach $8.2b

Insurance industry’s profit for 2021 reached $14.78b

Insurers sold 42,376 policies from 1 January up to 17 January.

It is projected to grow at a compound annual growth rate of 0.4%.

The insurance plan specially covers those who are infected with COVID-19.

The merger will form Taiwan’s second-largest financial holding corporation.

This will effectively delist the insurer.

Although temporary, the remote meeting measures may be adopted as a general practice.

Taiwan’s Shin Kong Life is planning to divest its remaining 25% stake in Beijing-based Dingcheng Life, gaining $66.2m (CNY428m) in the process, according to media reports.

It is expected to maintain good capital buffers to support business expansion.

Taishin will retain all Prudential employees and increase required capital.

Parent firm Cathay Financial recorded a $511m net profit in April.

Its capital and surplus have grown 43% over the past five years.