The 7.7-magnitude earthquake that struck Myanmar in March 2025 has caused estimated economic losses of $12bn, according to Munich Re NatCatSERVICE's report titled "Natural disasters in the first half of 2025", released in July.
Taiwan is set to become a super-aged society by the end of 2025. The government plans to strengthen the three major pillars of health in ageing societies (as defined by WHO) in the hope of making the country a global model for ageing nations.
A new survey conducted by Yahoo Taiwan Finance has revealed that 3 in 10 Taiwanese GenZ investors now include insurance in their portfolios. This implies that younger investors now look to manage risk whilst building long-term wealth.
Taiwan's insurance regulator, the Financial Supervisory Commission (FSC), has released the results of its survey concerning the use of AI by financial institutions and peripheral institutions.
Insurance companies in Taiwan posted a combined pre-tax profit of NT$19.4bn ($648.6m) in the first half of this year, according to data released by the Financial Supervisory Commission (FSC). This was 92% lower than the profit reported for 1H2024, and is attributed to currency losses suffered by life insurers.
The Financial Supervisory Commission (FSC) of Taiwan will implement International Financial Reporting Standard 17 (IFRS17) "Insurance Contracts" in 2026, which will significantly change the presentation of accounting items in financial reports.
Cathay Century Insurance has plans to transform policyholder experience, including building a smart platform where backend agents will gain real-time insights on clients, enabling quick responses.
Asia-Pacific life profitability outlook remains stable, though foreign exchange hedging costs may weigh on margins in Japan, says Swiss Re Institute (SRI) in a report on world insurance developments.
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.