Friday, January 19, 2018

Taiwan

Taiwan to create long-term healthcare agency

Taiwan to create long-term healthcare agency

The Ministry of Health and Welfare is planning to push forward the government’s long-term care program.

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Taiwan premiums set to break record

Taiwan premiums set to break record

Total premium payments collected this during the first 10 months of this year is up by more than 6%.

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Taiwan life firms post decline in earnings

Taiwan life firms post decline in earnings

Aggregate earnings dropped by NT$46.2b (US$1.45b) to NT$95.9b during the first 10 months of the year.

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Cost of fraudulent NHI claims hits new record in Taiwan

Cost of fraudulent NHI claims hits new record in Taiwan

Among the 2,285 medical facilities the NHIA investigated in the past three years, 1,108 breached the regulations.

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Taiwan insurers urged to buy long-term debt

Taiwan insurers urged to buy long-term debt

The regulator’s call comes at a time when the government’s bond sales are struggling.

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HNA quits Taiwan venture to launch own unit

HNA quits Taiwan venture to launch own unit

The Chinese conglomerate is dropping its money-losing venture with Shin Kong Life.

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Taiwan’s healthcare system wins top marks

Taiwan’s healthcare system wins top marks

Public satisfaction with the National Health Insurance system is at 83.1%, according to poll.

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Chaoyang Life to be put up for tender

Chaoyang Life to be put up for tender

Six Taiwanese financial holdings and insurance entities are now reportedly interested in launching a takeover bid.

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Taiwan to protect insurers from callable bond risks

Taiwan to protect insurers from callable bond risks

The regulator is aiming to provide protection as bond issuers exercise options to pay off debt early.

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AIG completes sale of Taiwan insurance unit

AIG completes sale of Taiwan insurance unit

The deal involves the sale of AIG Taiwan’s consumer and SME business to Nan Shan Life Insurance.

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Taiwanese insurer ordered to pay premiums

Taiwanese insurer ordered to pay premiums

Taiwan’s Nan Shan Life risks paying penalties if it does not contribute to its agents’ health insurance coverage.

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Taiwan revision on equity charges hurts risk profiles

Taiwan revision on equity charges hurts risk profiles

The recent move to revise risk charges on local insurers’ equity positions is credit negative, says Moody’s.

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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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