Magazine

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Oct 2013

Country Profile


Regulatory support a hit with the market

The island's insurance regulator has been easing regulations on a number of fronts this year as it works closely with the industry to help players cope with various challenges facing them. Its quest to provide strong support to both insurers and policyholders is a hit in the market.

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Conscientiously coping with challenges

The Taiwanese insurance regulator continues to provide strong support for the industry, conscientiously easing the regulations to help companies cope with the challenging conditions. In this exclusive interview, Ms Joanne Tzeng, Director General of the Insurance Bureau, Financial Supervisory Commission (FSC) shares their progress on ensuring a conducive environment for players in the industry, as well as keeping with international developments such as the implementation of the IFRS and the cross-strait cooperation with China. By Dawn Sit

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Life insurance: Ready and raring to go

While Taiwan's life insurance sector bounced back to profit in 2012, the sector's growth forecast for 2013 is not as glowing, with negative growth expected. However, adjustments and support from the regulator are helping the sector, and life insurers said they are ready and raring to go, intending to expand their businesses, both domestically and internationally. By Dawn Sit


Non-life insurance: Slow and steady

Changes are underway in Taiwan's insurance industry with regulatory amendments and the implementation of international standards. Income continues to grow steadily as premium rate adjustments translate to higher revenues for motor and fire, the two largest non-life classes. Insurers are generally confident about the sector's outlook and with the regulator giving the industry strong support, there is good reason to be optimistic. By Dawn Sit

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Easing of limitations on Taiwan insurance companies' foreign investment

By Mr C T Chang, Lee and Li, Attorneys-at-Law

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