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Taiwan tag returned 456 results

  • Taiwan: Govt plans to attract insurance funds to invest in national projects

    The Economic Development Committee (EDC) of the Executive Yuan yesterday approved a trillion-dollar national development plan, hoping to guide funds -- in particular, insurance funds invested overseas -- to invest in social housing, water recycling plants, and other strategic projects.

    Asia | 19 Jul 2024
  • Taiwan: Green energy projects fuel growth of engineering insurance

    The engineering insurance branch has posted the highest growth rate this year to date, with a rate of increase of 73% in the first five months.

    Asia | 17 Jul 2024
  • Taiwan: Alcohol surcharge to fund cancer insurance and medicines

    Taiwan's National Health Insurance Administration (NHIA) has proposed to fund new cancer medicines by imposing a surcharge on alcohol.

    AIRPlus | 14 Jul 2024
  • Taiwan: Regulator cautions against 20ppt cut in overseas investment ceiling

    The Financial Supervisory Commission (FSC) has reservations about a proposed amendment to the insurance law, submitted by a lawmaker, to slash the overseas investment ceiling of the insurance industry from the current 45% to 25%. The draft amendment does not provide for a transitional period in which the change would be effected.

    Asia | 11 Jul 2024
  • Taiwan: Regulator to introduce 4th phase of localisation and transitional measures for ICS adoption

    The Financial Supervisory Commission (FSC) will introduce an additional phase of localisation and transitional measures in the adoption process of TW-ICS (Insurance Capital Standard), to facilitate insurers' smooth integration of the TW-ICS that is to be implemented with effect from 2026.

    Asia | 10 Jul 2024
  • Higher rates in Taiwan to increase competition

    In recent years, the global reinsurance market has been influenced by changes in climate-related risks, rising catastrophic losses and economic uncertainties. The market continues to lean towards a hard market stance, and Taiwan is no exception. Reinsurers see opportunities arising from rate increases and improvements in terms and conditions in this hard market. Additionally, after P&C insurers paid over TWD270bn ($8.3bn) due to COVID-19, the demand for reinsurance increased as insurance companies aimed to protect capital from volatile underwriting result. According to statistics from Taiwan Insurance Institute, gross written premiums grew by 10.6% in 2023. Meanwhile, reinsurance premiums ceded grew by 20.8%, with the majority of the increase in fire insurance. The improved reinsurance conditions in recent years may attract new market participants and increase competition in the Taiwanese reinsurance market.

    AIRPlus | 09 Jul 2024
  • Taiwan: Strong market position supports life insurers' company profile rankings

    Fitch Ratings say that it ranks the company profile of Cathay Life and Fubon Life as 'Most Favourable' among several life insurers in a peer review. The other insurers in the peer review have a 'Favourable' company profile.

    Asia | 08 Jul 2024
  • Taiwan: Cathay Life's first overseas bond issuance over-subscribed by about 3x

    Cathay Life Insurance, Taiwan's biggest life insurance company, has seen its issuance of $600m 10-year overseas subordinated corporate bonds oversubscribed by around three times.

    Asia | 04 Jul 2024
  • Collaboration between insurers and fintech firms

    In a bid to provide more opportunities for insurance companies and fintech firms to co-develop innovative insurance products, the Financial Supervisory Commission of Taiwan (FSC) now allows cross-industry collaborations.

    AIRPlus | 02 Jul 2024
  • Taiwan: Cathay Life is first insurer to tap new regulatory policy on fundraising via SPV overseas

    Cathay Life Insurance Co, Taiwan's largest insurer by life market premiums in 2023, established a special purpose vehicle (SPV), Cathaylife Singapore Pte Ltd, in Singapore on 5 June 2024.

    Asia | 28 Jun 2024

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