Taiwan
Taiwan insurers post $9.47b pre-tax profit in August
Its non-life insurance segment witnessed a twofold increase.
Earthquake insurance uptake grows significantly in Taiwan
25 years after the Chi-Chi earthquake, TREIF has increased its event funding to $
FSC rejects CTBC's bid for Shin Kong Financial
CTBC had proposed purchasing 51% of Shin Kong Financial.
Will Taiwan’s non-life sector sustain profit surge beyond 2024?
The sector’s direct written premiums in 7M’24 climbed 11.4% YoY.
Cathay Insurance benefits from diversified investments, strong liquidity
Its consolidated adjusted capital and surplus grew by 16% end-2023.
Cathay Life net profit surges to $2b despite premiums decline
Premium slump was driven by weaker demand for investment-linked and interest-sensitive annuities.
Nan Shan Life's investment strategy solid across currencies
S&P also expects the insurer to maintain its current investment risk exposure.
Taiwan’s investment-linked insurance products dwindle in June
Sales of traditional products increased 19% YoY.
Taiwan insurers' earnings doubled to $10b in July
Both its life and non-life segments witnessed triple-digit growth.
Central Reinsurance Q2 2024 net income surges to $183m
EPS stood at $0.03.
Shin Kong Life sees solvency boost from parent company’s aid
Fitch expects SKL’s solvency position to stabilise further with an additional $0.43b.
Central Re’s finances bolstered by prudent investments and retrocession
AM Best sees Central Re to continue focusing on low-risk, fixed-income investments.
Taiwan’s foreign-currency policies see 5% YoY rise in May
This was equivalent to $3.6b.
Taiwan insurers boost spillover sales in Q2
A total of 616,088 new contracts were sold.
Taiwan insurers' earnings quadruple to NT$229.7b in June
Both life and non-life industries saw triple-digit growth.
Nan Shan holds 12% market share in Taiwan's insurance
The insurer's total capital increased due to narrower unrealised losses in 2023