Zurich officially pulls out of Taiwan

January 16 2018 by InsuranceAsia News Staff

Zurich has officially withdrawn from the Taiwanese market.

On Monday of last week, the Switzerland-based insurer dissolved its local life insurance business in Taiwan called Zurich International Life Taiwan Branch.

The move to close down the firm came after the company sold its non-life-insurance assets in Taiwan to Hotai Motor Co back in 2016.

According to the Financial Supervisory Commission, no disputes were found among the insurer and its customers since all effective policies already matured on December 22 of last year.

 

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