The new standard would require insurers to sell products at prices that match pricing and expense assumptions filed with regulators, but exclude specified lines such as motor and agriculture.
Typhoon caused deaths, injuries, and widespread damage in Taiwan and China, with insured losses expected across agriculture, infrastructure, and motor lines.
Captive plays a key role in parent company's risk framework, though premium volumes may decline in 2025 due to rate softening and shifts in capital spending.
