Financial Supervisory Commission, Taiwan
Taiwan reports growth in foreign-currency insurance end-August
Taiwan reports growth in foreign-currency insurance end-August
Traditional insurance products accounted for 84% of the total.
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.
Taiwan’s non-life insurance suffers 537.1% loss in August
This is the fifth consecutive month of loss for the insurance industry.
Profit crash continues in July for Taiwan’s general insurance industry
The industry suffered a 466.7% YoY fall in pre-tax profits.
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.
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