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Magazine

Jul 2020

Country Profile


Taiwan

Life insurers brace for bumpy road ahead

New rules mean life insurers will have to evolve their product portfolio in the midst of a tough operating environment.
 

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Adapting to a changing environment

Life insurers need to adjust their strategies and plans in line with changes in the regulatory and global outlook. 
 

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No unicorns in the InsurTech desert

With technology and start-ups making ever-widening inroads into the insurance landscape, Taiwan stands apart from other nations in Asia Pacific with the paucity of its InsurTech offerings. 
 

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Relaxing the rules around InsurTech

Taiwan looks like a vibrant insurance market with a dormant InsurTech sector. All that might be about to change as the regulator looks set to take the foot off the brake.
 

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Regulation for a stable market

FSC director general of insurance bureau Shih Chiung-Hwa discusses the regulations that are shaping the country’s insurance industry.
 

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Reinsurers must improve their skills

Taiwan’s reinsurance market stands to benefit from progressive regulations and strong demand for insurance. 
 

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Trade credit presents opportunities for insurers

COVID-19 has brought increased pressure on supply chains and heightened awareness of their vulnerability. 
 

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