The French insurer's decision to wind down its Taiwan branch comes following five years of losses, a failure to scale its business, despite capital support from its parent.
Sunshine Insurance Group’s 2025 results were led by strong growth in life insurance, with the group also shifting its P&C portfolio further toward non-motor lines.
Overseas premiums are projected to account for about 50% of non-life premiums and profits in FYE26, supported by its US$3.5bn acquisition of Aspen Insurance.
The insurance sector faces the potential for added pressure amid ongoing claims from recent NT and QLD floods, both states which could be impacted by Narelle.
