News Coronavirus watch

Taiwan: Union Insurance expected to recoup COVID losses gradually

Union Insurance Company reported a significant net loss of NT$1.3bn ($42.3m) for the financial year ended 31 December 2022, compared with a net profit of NT$697m for the full-year 2021, predominantly attributed to pandemic insurance claims, notes...

AIR team | 06 Jun 2023

Australia: COVID-19 is 3rd leading cause of death in 2022

COVID-19 has become one of Australia's top three leading causes of death in 2022, having claimed more lives than stroke, lung and colon cancer, lower respiratory disease, and diabetes, research released by the Actuaries Institute shows.

AIR team | 11 Apr 2023

Taiwan: 4 insurers directed to raise their solvency ratios

The Financial Supervisory Commission (FSC) has ordered four non-life insurance companies to raise new capital by the end of June after their capital solvency conditions worsened due to massive COVID-19 insurance policy payments.

11 Apr 2023

Australia: Excess deaths climb to nearly 20,000 in 2022, largely due to COVID

Australia is estimated to have recorded nearly 20,000 more deaths than expected in 2022, largely because of the COVID-19 pandemic, research released by the Actuaries Institute today shows.

AIR team | 05 Apr 2023

Taiwan: Insurers seen to benefit from new approach to cases with mild COVID-19 symptoms

21 Mar 2023

Taiwan: Nan Shan General Insurance's COVID-related loss seen as one-off event

AIR team | 20 Mar 2023

China's state-run basic health insurance fund paid out US$21.7bn for COVID-19 vaccinations

16 Mar 2023

Taiwan: Fubon Insurance's capitalisation unlikely to return to historically strong level over the next 2-3 years

AIR team | 10 Mar 2023

Past Articles

MEA: COVID aftermath and changing workplace needs drive up medical claims costs

02 Mar 2023

Taiwan: Fubon Insurance expected to return to profitability after one-off COVID loss event

09 Feb 2023

Thailand: Non-Life Insurance Fund outlines progress of work on COVID-related claims of insolvent insurers

26 Jan 2023

Taiwan: Insurers raise capital of over US$5bn in 2022 largely because of COVID-related losses

17 Jan 2023

Australia: Population growth shows slight recovery from COVID-19

13 Jan 2023

Philippines: Insurance regulator studies impact of COVID-19

13 Jan 2023

GCC: Late rush of claims expected to be litigated ahead of March limitation period

09 Jan 2023

China: Authorities optimise medical insurance to ease COVID-related financial pressure

09 Jan 2023

More »

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