Taiwan's insurance companies are more vulnerable to market volatility triggered by US tariffs due to their smaller capital buffers according to a major international ratings agency. The nation's banks, however, remain well-capitalised and are able to absorb potential economic shocks, the rating agency said.
Taiwan's financial regulator, the Financial Supervisory Commission (FSC), has given the green light to the merger of Taishin Financial Holding Co and Shin Kong Financial Holding Co.
According to the report titled "Taiwan Life Insurance Sector: Operating Surplus to Remain Volatile in 2025", published by Taiwan Ratings Corporation, a subsidiary of S&P Global Ratings, the performance of Taiwan's life insurance sector will remain volatile in 2025 amid the evolving composition of operating surpluses.
Lockton has appointed Ms Juliet Kwek as head of people solutions, Greater China.
The Taiwanese cabinet has approved an amendment in the country's Insurance Act that bars the courts from seizing the life insurance policies of people in debt.
Taiwan's National Health Insurance (NHI) system in the three decades of its existence has made a positive and profound impact on the healthcare for the Taiwanese population. It was 30-years ago on 1 March 1995 that the NHI system was introduced as a compulsory health insurance programme in Taiwan.
A sharp rise in insurance sales in Taiwan is fuelling concerns over increased capital outflows, which could push the New Taiwan dollar to levels last seen during the global financial crisis, reported the Taipei Times.
Data from the Insurance Bureau has revealed that Taiwan's insurance industry earnings in December increased by 248.1% to NT$341.5b ($10.3b), with life insurers contributing 92.4% of the total.
Statistics released by the Financial Supervisory Commission (FSC) show that around 30 insurance companies engaged in microinsurance business as of the end of 2024.
To better address the needs of the elderly in Taiwan's super-aged era, the Financial Supervisory Commission (FSC) will promote insurance policies that allow the economically disadvantaged and certain identity groups to obtain basic insurance protection at a lower premium. The commission outlined the policies in a press release issued this Thursday morning.