In its Plenary Sitting, Taiwan's Legislative Yuan approved the Executive Yuan's proposed amendment to Article 22-16 of the Offshore Banking Act.
Taiwanese insurers are speeding up claims payments and providing fee waivers to policyholders impacted by Typhoon Danas that hit the country on the 6 of July.
Dementia and disability patients as also those suffering from some acute diseases and under the age of 50-years in Taiwan will be eligible for long term care services beginning 1 January 2026 according to the Taiwanese ministry of health and welfare (MOHW).
The government has launched an initiative to provide insurance cover to service dogs working for the government.
Taiwan's domestic non-life insurance premium continued to increase in 2024, growing 10.5% to reach TWD278.5bn ($9.2bn), according to a new report by AM Best.
The Financial Supervisory Commission (FSC) of Taiwan has decided on several interim measures to mitigate the impact of exchange fluctuations in the financial and capital markets caused by changes in the international financial situation.
Taiwanese life insurer Shin Kong Life has signed a strategic cooperation agreement with Hong Kong-based technology firm AIFT to transform Vietnam's digital insurance market.
Jumps in hedging costs, sharp currency rate fluctuations, and new regulatory proposals regarding FX risk management are developments that need monitoring, according to a report released by CreditSights, a credit research unit of the Fitch Group.
The current financial health of country's National Health Insurance Scheme (NHI) does not require the health insurance premiums to be raised. According to a report by the Central News Agency country's minister of health and welfare Chiu Tai-yuan has said despite speculation in the media about financial pressure on the health budget, there is no requirement to raise the health insurance premiums currently.
Life insurers in Asia Pacific are pursuing quality growth through cautious investment strategies, while non-life insurers are focused on efficiency and expense control according to a non-rating action commentary by Fitch Ratings.