Known as the Group Micro-heat Hazard Hospitalization Care Health Insurance (GMHM) scheme, it would provide coverage to those affected by heat stroke, heat syncope, heat cramps and other heat-related illnesses.
The Financial Supervisory Commission (FSC) has proposed some amendments to regulations governing insurance brokers and agents, to enhance the convenience of purchasing insurance, simplify solicitation processes, promote international insurance business and strengthen the day-to-day supervision of insurance brokerages and agencies.
MSIG Asia has appointed Mr Ronak Shah as Regional CEO, effective 1 October 2026. In addition to leading the insurer's operations across Southeast Asia, Hong Kong, India and Oceania, Mr Shah will assume regional leadership responsibility for Mainland China, Taiwan and Korea.
With extreme temperatures become more frequent and more damaging, Taiwan has started a pilot insurance programme to provide financial cover for vulnerable groups hospitalised due to heat-related illnesses.
As summer vacation begins in Taiwan, the Labour ministry is encouraging parents of the students taking up part-time jobs, to help their children confirm their insurance coverage and pension contributions through payroll records or the Bureau of Labor Insurance's online service.
The Insurance Bureau of the Financial Supervisory Commission has approved dividend payments by seven life insurers that total NT$24.65bn ($774m) this year, the second highest in the history of the life insurance industry.
Swiss Re has appointed Ms Hazel Etherington as Head of Underwriting, Life and Health for Hong Kong and Taiwan, as well as Global High Net Worth.
Climatic conditions this year suggest that conditions are conducive to the formation of typhoons in the Northwest Pacific, which are more likely to hit Japan, the Greater China region or South Korea.
Taiwan is seeking to expand the scale of its asset management industry as it aims to strengthen its position as a regional financial hub, reported The Japan Times.
Swiss Re Asia has appointed Mr Daniel Neo as a member of the Board of Directors, effective 1 June 2026.