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Taiwan tag returned 136 results

  • Taiwan: China Life Insurance is able to meet IFRS 17 requirements

    China Life Insurance has the financial strength to meet the requirements set by the International Financial Reporting Standards 17 (IFRS 17), which are to take effect by 2025, the insurer's parent company, China Development Financial Holding Corp (CDFHC), has said.

    Asia | 18 Oct 2019
  • Taiwan: Taipei rolls out pet insurance plan

    The Taipei Animal Protection Office (APO) has introduced an insurance programme for the city's adopted pets, the first of its kind on the island, in a bid to promote owner accountability.

    Asia | 08 Oct 2019
  • Taiwan: Health Ministry studies merits of insurance in funding long term care

    The Ministry of Health and Welfare will assess a proposal to implement an insurance scheme to finance the Long-term Care Services Development Fund, Minister of Health and Welfare Mr Chen Shih-chung has said.

    Asia | 03 Oct 2019
  • Taiwan: Yuanta Life to join other insurers in boosting capital

    Yuanta Financial Holding has announced plans to raise NT$14bn (US$451.1m) by issuing new common shares to bolster the financial strength of subsidiary Yuanta Life Insurance.

    Asia | 30 Sep 2019
  • Taiwan: Regulator reprimands Hontai Life with NT$1m fine

    With its real estate investment in New Taipei City, Hontai Life Insurance was deemed to have violated 'paragraph 1 of Article 146-2' of the Insurance Act which stipulated that "investments in real estate by an insurance enterprise shall be limited to real estate that can be used immediately and from which benefit may be derived".

    Asia | 25 Sep 2019
  • Taiwan: Life insurers see 43% jump in profit

    Taiwanese insurers posted a NT$101bn ($3.25bn) pre-tax profit at the June 2019 with NT$92.7bn from life insurers and NT$8.3bn from non-life insurers. While life insurers saw a 43% increase in pre-tax profit compared with the same period in 2018, non-life insurers did not fare as well and saw a 10.1% drop in profit according to a monthly publication from local regulator Financial Supervisory Commission (FSC).

    Asia | 25 Sep 2019
  • Taiwan: Regulator mulls changes to risk-capital charge for bond ETF investments

    Taiwan's top financial regulator is considering new rules that could raise the cost of investing in bond exchange-traded funds for insurance companies, people familiar with the matter told Bloomberg.

    Asia | 16 Sep 2019
  • Taiwan: Regulator authorises first InsurTech sandbox programme

    Taiwan's Financial Supervisory Commission (FSC) recently authorised the application of insurer Cathay Life, in partnership with online travel agency ezTravel, to participate in a regulatory InsurTech sandbox programme.

    Asia | 13 Sep 2019
  • Taiwan: Insurers' investment exposure to HK reaches US$6.6bn

    The Taiwanese insurance sector had a total exposure of NT$205.8bn ($6.6bn) to Hong Kong, accounting for 0.79 % of the sector's total capital, at the end of July, Ms Wang Li-hui, deputy director of the Insurance Bureau of the Financial Supervisory Commission (FSC), has revealed.

    Asia | 05 Sep 2019
  • Taiwan: Farglory Life Insurance fined once again

    Taiwan's Financial Supervisory Commission (FSC) has imposed a fine of NT$1m ($31,795) on Farglory Life Insurance for violating regulatory requirements recently, revealed a monthly publication from the Taiwan regulator. This comes just a year after it was fined NT$14.4m, the steepest fine ever imposed on a life insurer, in April 2018 due to a major corporate breach.

    Asia | 29 Aug 2019

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