Taiwan
Taiwan's insurance businesses achieve $1.1b profit in January
Both life and non-life industries saw a rise in their January earnings.
Taiwan's insurance businesses achieve $1.1b profit in January
Both life and non-life industries saw a rise in their January earnings.
Fubon Life first-year premiums surge 80.6% YoY in January
Direct written premium hit a record high of NT$7b, driven by commercial lines’ double-digit growth.
Fubon Insurance gets boost from parent: AM Best
Both Fubon Insurance and the group’s Vietnam arm have shown sturdy finanacials.
Taiwan insurers reach $3.1b profits in December ‘23
The overseas investments of life insurers yielded net gains of $16.5b.
Taiwan’s insurers witness decrease in life, non-life jumps in November
Life insurance fell 47.7% in pre-tax profits whilst non-life jumped more than double on a year-on-year basis.
Taiwan’s life insurance sector will bounce back in 2024 – GlobalData
The industry is forecast to grow at a compound annual growth rate (CAGR) of 3.0% to $91.6b in 2027.
Recent regulatory changes to boost Taiwan’s life insurance sector: Fitch Ratings
New measures extend the adjustment period for insurers to adapt product and investment strategies to meet capital requirements by 2026.
Gallagher introduces new brokerage arm in Taiwan
CEO Brian Wang hopes to get opportunities in the manufacturing, agriculture, financial and technology sectors.
Taiwan’s FSC approves 197 spillover-effect insurance products from 13 insurers
These products accumulated 846,835 new contracts.
Taiwan’s non-life operating performance ‘likely’ to stay afloat in 2023: AM Best
Recovery in the capital markets and reserve releases will support the industry’s performance.
Hotai Insurance to maintain strong capital stance until year-end
The prediction is due to the company’s improved balance sheet, attributable to its mitigation plan.
Taiwan’s pre-tax earnings register NT130b, YTD
Both its life and non-life markets saw incremental year-on-year increases.
Taiwan’s life insurers buckle up for capital standard implementation by 2026
Life insurers are expected to move towards health and accident policies in the next two years.
Taiwan’s Insurance Bureau calls for China investment risk report
The regulator urged life insurers to report back risks related to the growing instability of China’s financial market.
Lloyd’s of London trump insurers in rate hikes, Taiwan concerns linger
China’s possible military action could cause insurers to raise rates.
Insurers in Taiwan to face increased capital pressure: Fitch Ratings
IFRS 17 adoption could lead to profitability.
MSIG Mingtai, Moody’s partner for calamity risk analytics
MSIG Mingtai aims to meet evaluation standards, manage catastrophe risk accumulation, and provide secure insurance services to clients.
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