News Coronavirus watch05 May 2022

Taiwan:Local insurers able to cope with COVID-related insurance claims at present

05 May 2022

If the number of confirmed COVID infection cases in Taiwan is up to 3m, domestic property insurance companies should be able to sustain operations after taking into account increases in share capital, the withdrawal of reserves to offset losses, and changes in the government's policy on confirmed diagnoses, the director-general of the Insurance Bureau, Ms Shih Chiung-Hwa, has said. This is because the insurers have adequate capital.

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