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