Reinsurance rates have aligned with international markets
    
        
            
            Source: Asia Insurance Review | Aug 2023
         
     
    
    
    
    
    
    
    
    After a pre-tax profit of NT$22.6bn ($730m) in 2021, Taiwan’s P&C insurance industry suddenly faced approximately NT$270bn in policy losses related to COVID-19 payments, prompting the regulator to order four non-life insurance companies to raise capital to maintain solvency.
 
 
    
    
    
    
    
	
        
		
        
            
                
				
					
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