The proposed legislative amendment aims to ensure risks arising in the disaster insurance market are distributed more equitably between insurers and the state.
The earthquake left a trail of destruction across Nagqu City, collapsing at least 339 homes, forcing more than 12,000 people to relocate and disrupting rail and road links.
The Financial Supervisory Commission has instructed insurers to prepare for typhoon-related claims and support affected customers as Typhoon Champi prompts precautionary closures across the island.
The council is urging the next government to back resilience infrastructure, stronger land-use planning and long-term funding to reduce natural hazard risks and protect insurance affordability.
The parties will also cooperate to support risk pooling across emerging regions, while undertaking advocacy and policy initiatives to strengthen financial resilience and address insurance protection gaps....
The industry's next priorities include stepping up anti-fraud awareness work, embedding new distribution rules, advancing risk management reforms and preparing for future catastrophe events.
