News Coronavirus watch17 Jan 2023

Taiwan:Insurers raise capital of over US$5bn in 2022 largely because of COVID-related losses

| 17 Jan 2023

The Financial Supervisory Commission has announced that the life insurance sector raised capital totalling NT$58.7bn ($1.94bn) in cash in 2022, representing a three-year high while the property insurance sector increased its capital by NT$98.5bn, a hike of 911 times over funds of NT$1.1m raised in 2021.

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