Financial Supervisory Commission, Taiwan

Taiwan insurers cough up over $1b in COVID-19 claims

Some insurers took to selling properties to increase cash reserves.

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.

Increase in profits still too slow for Taiwan’s insurance industry

For a developed country, insurance penetration remains low at 1%.

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.

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 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 insurance regulator tightens measures protecting senior citizens

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

Taiwan's COVID measures bring remote meeting, broker amendments to insurance market

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