Wednesday, September 20, 2017

Taiwan

Taiwan set to tighten rules on life insurance products

Taiwan set to tighten rules on life insurance products

Regulators intend to lower the current 5% insurance policy bancassurance fees to 3.5% to contain costs.

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Taiwan’s NHI launches open data website

Taiwan’s NHI launches open data website

The government launch of an insurance website has given the public access to six categories of open insurance data.

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Taiwan deposit insurance coverage is world’s third highest

Taiwan deposit insurance coverage is world’s third highest

Coverage of NT$3 million indicates the country is succeeding at protecting local consumers and their assets, says the regulator.

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Taiwan regulator warns on Brexit

Taiwan regulator warns on Brexit

The FSC says that the country’s insurance industry is the most exposed financial sector to the UK after its EU referendum.

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Zurich sells general insurance operations in Taiwan

Zurich sells general insurance operations in Taiwan

The sale is part of its efforts to restructure its global organisation and curb a decline in profitability.

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Taiwan firms warned against policy violations

Taiwan firms warned against policy violations

The regulator is concerned about the high number of insurers burdened with excessive fees paid on sales .

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Manulife taps yield-hungry Taiwanese life insurers

Manulife taps yield-hungry Taiwanese life insurers

Borrowing in Taiwan is an increasingly popular option among global corporates as local investors shun domestic debt.

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Chubb Life names new Taiwan president

Chubb Life names new Taiwan president

Chubb Group’s global life insurance division has appointed Kristine Ung as the new president of its Taiwan operation.

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China Life’s Q1 net income drops 18%

China Life’s Q1 net income drops 18%

The Chinese insurer’s weak performance has prompted analysts to trim their forecasts for this year.

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Taiwan Life adds US$41m to CTBC’s Q1 earnings

Taiwan Life adds US$41m to CTBC’s Q1 earnings

The contribution reversed CTBC’s net loss in the final quarter of 2015, though profits were still down significantly.

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Allianz to sell part of Taiwan life insurance portfolio

Allianz to sell part of Taiwan life insurance portfolio

The sale of the €1.2 billion portfolio is driven by the constraints on European insurers as a result of Solvency II.

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Taiwanese financial firms hit by falling insurance earnings

Taiwanese financial firms hit by falling insurance earnings

The sluggish performance of insurance companies is taking a toll on the nation’s top financial groups.

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Cathay Life posts profit of US$154 million in Q1

Cathay Life posts profit of US$154 million in Q1

The Taiwanese insurer reversed unrealised losses of US$120m in the fourth quarter to post a profit for this quarter.

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Taiwan further loosens offshore investment restrictions

Taiwan further loosens offshore investment restrictions

Domestic insurers will be allowed to allocate up to 40% of their assets to offshore investments.

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Cathay Life to raise overseas investments this year

Cathay Life to raise overseas investments this year

Amid a persistent low-yield environment, the Taiwanese insurer continues to search for higher returns abroad.

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Taiwan to restrict health insurance for overseas citizens

Taiwan to restrict health insurance for overseas citizens

A proposed amendment seeks to restrict access for Taiwanese who live abroad for more than six months.

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Taiwan uncovers US$9m health insurance fraud in 2015

Taiwan uncovers US$9m health insurance fraud in 2015

The National Health Insurance Administration has punished 383 hospitals, clinics and pharmacies.

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Taiwan legislators consider revision of insurance law

Taiwan legislators consider revision of insurance law

The existing law prevents insurance carriers from paying out compensation to beneficiaries under 15.

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