Country Profile – Taiwan: Non-life Insurance: A reprieve in sight?
Source: Asia Insurance Review | Aug 2011
There is no surprise that Taiwan’s non-life insurance market has faced difficulties such as excessive competition, low retention levels and the higher frequency of catastrophes. In spite of this, 2011 is set to register higher revenues thanks to the strong economic growth, an improved operating environment and increased earnings from investments. Mr Tsan-Ming Shih, Chairman of Fubon Insurance Co Ltd and Mr Jack Tai, Chairman of the Non-Life Insurance Association of Taiwan (NLIA) share their insights and offer solutions to improve the market.
By Min Yong
Archived articles are available to Magazine subscribers only.
For Full Access to
the magazine
SUBSCRIBE here.