News Non-Life30 Apr 2018

Taiwan:Insurers to issue digital certificates for compulsory motor 3rd party cover

| 30 Apr 2018

A trial of an electronic insurance certification platform for compulsory automobile liability insurance is set to start operations tomorrow.

The trial will be carried out by Fubon Property & Casualty Insurance. From June onwards, all property insurance companies will be on the platform.

Under the system, electronic certificates will be issued for mandatory motor thrid party liability insurance policies. Owners of nearly 20 million vehicles will have the option to access their e-certificates via their mobile phones, eliminating the need to take paper copies.

The e-certificates will serve as an anti-counterfeiting function and reduce the costs of issuing insurance policies.

Users, including customers, will be able to check their insurance information online, which will help policy holders keep abreast of their insurance cover at all times.

 

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