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Taiwan: Regulator signs insurance MoU with Philippine counterpart
Taiwan’s financial supervisory authority has signed a memorandum of understanding (MOU) with the Philippines to promote bilateral cooperation in the cross-border supervision of the insurance business.

Source : AIR | 01 Jan 2018
Taiwan: Japan risk exposure tallied in wake of N Korean missile test
Taiwan’s risk exposure to Japan was tallied at NT$553.2 billion (US$18.4 billion) around the end of August, according to the Financial Supervisory Commission.

Source : AIR | 01 Oct 2017
Nat CAT- The 'calm' before the year-end storm
While the conversation this time last year was about hurricanes Harvey and Irma, Asia at this time is reeling from losses far closer to home. As we go to print, Mother Nature is wreaking havoc across multiple countries - with typhoon Jebi, super typhoon Mangkhut and Kerala grapples with its worst floods in a century. We take stock of the Nat CAT—prior to the upcoming deluge.

Source : AIR | 01 Oct 2018
Aviva to exit Taiwan
Aviva plc has agreed to sell its entire 49% shareholding in its joint venture in Taiwan, First Aviva Life (Aviva Taiwan) to Aviva’s joint venture partner, First Financial Holding Co Ltd.

Source : AIR | 01 Nov 2017
Taiwan: Insurers to retain big role in retirement saving
Many Taiwanese use life insurance as a savings tool, because they can garner higher interest rates than if they place deposits with banks.

Source : AIR | 01 Nov 2017
The Geneva Association - Longevity Risk: Changing the environment to encourage solutions
Asia is ageing faster than the rest of the world. Solutions proposed at a recent conference in Taipei include investment in human capital, getting older people to work longer, encouraging increased fertility rates and more cooperation between regions in Asia. Mr Ronald Klein of The Geneva Association reports.

Source : AIR | 01 Nov 2017
Taiwan: Insurers' international bond holdings under scrutiny
The Financial Supervisory Commission (FSC) said it will curb foreign exchange risk in insurers’ international bond holdings and study whether or not to tighten supervision over the investments.

Source : AIR | 01 Dec 2017
Taiwan: Life insurers cut investment in commercial properties
Commercial property transactions in Taiwan rose only slightly in 2017, as a fall in investment by life insurers affected growth, says property management firm Savills.

Source : AIR | 01 Feb 2018
Asia: InsurTech investments surging strong
InsurTech funding in 2017 rose 36% from the year before to reach US$2.3 billion, according to the latest data published by Willis Towers Watson.

Source : AIR | 01 Mar 2018
Taiwan: Strong local currency a heavy drag on life sector's 2017 profits
The Taiwanese life insurance industry reported record net forex losses of NT$176.1 billion (US$6 billion) for 2017, as the local currency strengthened against the greenback, according to data from the Financial Supervisory Commission (FSC).

Source : AIR | 01 Mar 2018
Look out for these what-if scenarios - WEF's 10 potential future shocks
The growing complexity and interconnectedness of our global systems can lead to feedback loops, threshold effects and cascading disruptions. Sudden and dramatic breakdowns – future shocks – become more likely, according to the Global Risks Report 2018 published by the World Economic Forum.

Source : AIR | 01 Mar 2018
Taiwan: Regulator wants life insurers to hold more fixed income assets
The Financial Supervisory Commission (FSC) has said that regulators would work toward deregulation to revive the appetite of local fixed-income investors – mainly insurers’ – for structured-finance products.

Source : AIR | 01 Apr 2018
Taiwan: Shin Kong targets higher sales of foreign-currency insurance plans
Shin Kong Financial Holding, one of Taiwan’s largest financial services groups, aims to increase sales of foreign currency insurance policies and wealth management products by double digits this year as hedging costs remain a challenge.

Source : AIR | 01 May 2018
Taiwan: Govt raises pension eligibility age
The eligible age for receiving government pensions for workers born after the year of 1957 will be pushed to 61 next year, due to changes in Taiwan’s labour insurance law that will become effective in 2018.

Source : AIR | 01 Jun 2017
FSC Taiwan: Taiwan's supervisory policy - Innovation and sound management
Consumers’ expectations are pushing the insurance industry to embrace innovation and transform itself. As regulator, Dr Thomas Tien-Mu Huang, Vice Chairman of Financial Supervisory Commission, Taiwan, together with his team, work hard to strike a balance between innovation and sound management.

Source : AIR | 01 Jun 2017
Non-life insurance: The best is yet to be
Taiwan’s non-life insurance sector recorded a remarkable growth of 7.23% in 2016 as most classes of business saw premiums rise. Asia Insurance Review speaks to its key market players for insights into the sector’s performance and key struggles, as well as their outlook for the immediate future.

Source : AIR | 01 Jun 2017
Interview with Regulator - A most fruitful year
Despite 2016 being fraught with challenges, including a volatile global economy and a series of unfortunate disasters at home, Ms Grace Lee, Director General of the Financial Supervisory Commission’s Insurance Bureau says the industry has fared well. In this exclusive, she elaborates on her assessment of the market, as well as her agenda for 2017.

Source : AIR | 01 Jun 2017
Non-life: Market, (un)disrupted
The disruption discussion has permeated every corner of the insurance world, and Taiwan’s market is no different. How much innovation has taken root? Are local insurers ready to face disruptors? Should regulations be relaxed? Market leaders share their views.

Source : AIR | 01 Jun 2017
Super-aged demographic can spur Taiwanese life market
In this mature life market which faces challenges such as intense competition, tight regulatory control and a low interest rate environment, the spark of opportunity lies in innovation and its rapidly ageing society.

Source : AIR | 01 Jun 2017
Life insurers carve their niche in saturated market
In an overly competitive and mature market, local life insurance giants and foreign insurers play on their strengths to grow and retain customers.

Source : AIR | 01 Jun 2017
Embracing the bright yet challenging future on renewable energy
Taiwan’s Renewable Energy Development Plan targets 20% of its power to be generated from renewable energy by 2025. Mr Patrice Nigon of Swiss Re discusses how they are supporting these endeavours to develop clean energy.

Source : AIR | 01 Jun 2017
Startup seeks to re-write tradition
Diabetic patients have traditionally been shunned by underwriters, but things are about to change – if they have not already started. Health2Sync’s proprietary platform empowers patients to manage their condition, while giving insurers a new way to assess risk and offer protection to a demographic previously considered uninsurable, says CEO Ed Deng.

Source : AIR | 01 Jun 2017
Taiwan: Transglobe to sell building in biggest property deal this year
Transglobe Life Insurance plans to auction off an office building in downtown Taipei to better allocate its assets in what is likely to be the biggest commercial property deal this year.

Source : AIR | 01 Jul 2017
Regulator wants more tech adoption and innovation
Asia Insurance Review speaks with Taiwan Financial Supervisory Commission’s insurance bureau director-general Wu Kuei-Mao on the regulator’s efforts to expand insurance coverage as well as update its supervision system.

Source : AIR | 01 Jul 2018
Taiwan insurers bank on economic optimism
Taiwan’s insurance market had a good run in 2017, where it grew by 9.1% to register record-breaking premiums of NT$3.57tn ($122.8bn), thanks to moderate domestic economic growth and an improving global financial environment. Insurers are not expecting this trend to wane anytime soon, though the industry will have to continue keeping a close eye on local competition, regulatory and capital market developments.

Source : AIR | 01 Jul 2018
Reinsurance - no seven year itch
Asia Insurance Review does a stocktake of reinsurance in Taiwan, where three’s company - and a crowd with ample global competition – since 2010.

Source : AIR | 01 Jul 2018
Taiwan responds to changing demographics and tech
Cathay Life Insurance senior vice president Chen Shi-Chieh provides some first-hand insights on a market that has one of the highest insurance penetration rates in the world.

Source : AIR | 01 Jul 2018
Innovating for sustainable aquaculture growth
Asia is home to several of the world’s largest aquaculture production countries including China, Indonesia, India, Vietnam, Philippines, Bangladesh and South Korea. Mr Yu Deng of Swiss Re discusses the expanding sector and how insurance programmes can be tapped for its sustainable growth.

Source : AIR | 01 Aug 2017
Taiwan: US trade body publishes blueprint for insurance sector
The American Chamber of Commerce in Taipei has proposed several long-term goals and short-term objectives for the island’s insurance market so as to cover protection gaps.

Source : AIR | 01 Aug 2018
Taiwan: Regulator urged to act boldly to promote insurance access
Taiwan’s newly appointed Director-General of the Insurance Bureau has said that the insurance regulator has identified seven areas which it will focus on, including supervising insurers by ratings.

Source : AIR | 01 Sep 2017
Asian Insurers: Greater Expectations!
Reinsurers play an increasingly important role in most insurance markets in Asia and each year the expectations grow. So this year, in our coverage to kick start the renewal season with Monte Carlo, we polled a team of “seven wise” insurers around the region from big and small markets to gauge their expectations. Reinsurers have big shoes to fill. The market awaits.

Source : AIR | 01 Sep 2017

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