Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Aug 2025

Market Profile


Taiwan

Regulations and digitalisation shape Taiwan's non-life market

As Taiwan’s non-life insurance industry navigates trends like a heated war for talent and rising reinsurance costs, insurers must also grapple with slow cyber uptake and conservative regulations.
 

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Regulator manages in stride the need to juggle several insurance issues

With the appointment of Dr Peng Jin-lung as the chairman of the Financial Supervisory Commission in April 2024, the industry is hoping to see the FSC open new avenues for business growth, and ensure a smooth transition to the new solvency regime and the adoption of IFRS17
 

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Digital transformation a major player in non-life segment

Digitalisation has emerged as a crucial market driver in Taiwan’s non-life insurance segment, with loosened capital and setup conditions for digital insurers and relaxed regulations that may foster diverse online products, innovative customer experiences and deeper market penetration.
 

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Ageing demography creates opportunities amid challenges

As Taiwan’s demography ages, it is transforming the country’s life insurance scenario. The changing scenario brings with it challenges aplenty for life insurers. Amid the challenges exist a variety of opportunities.
 

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Long-term care requires long-term strategy

Taiwan’s rapidly ageing society needs increased long-term care insurance and services, with the government and insurance industry working to fulfil the need for security and care of the aged in Taiwanese society.
 

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Conservative investment strategies help life insurers get back on track

In May 2025, Taiwan’s life insurance industry faced its greatest challenge from increased foreign exchange volatility, but some conservative investment action since then has seen the industry recover from this episode.
 

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Insurance sector in flux

Taiwan’s insurance market has found itself at a critical crossroads in 2025, between recovery and risk – with the non-life sector experiencing continued growth, while the life sector struggles due to local currency appreciation.
 

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Lessons from Taiwan on asset-liability currency mismatch risk

The strong appreciation of the New Taiwan dollar against the greenback, particularly since April 2025, has rocked the life insurance sector in Taiwan, given their heavy investments in US$-denominated assets.
 

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