Taiwan

Typhoon Gaemi wreaks havoc across the Philippines, makes double landfall in Taiwan

July 25 2024

Following an unusual path, Gaemi has caused loss of life, maritime disasters, and widespread damage.

fitch-affirms-nan-shan-lifes-ratings-with-higher-contractual-service-margins-expected-from-2016

Fitch affirms Nan Shan Life's ratings with higher contractual service margins expected from 2026

July 22 2024

Taiwanese insurer maintains 'A-' IFS rating, with IFRS 17 introduction in 2026 likely to increase CSM.

Taiwan unveils draft AI law as it looks to regulate insurance and other sectors

July 17 2024

The proposed law looks to establish clear guidelines for use and accountability of AI, amid wider concerns that APAC insurers could be lagging behind the technology.

Fitch affirms Cathay Life's ratings, forecasts stable growth despite spread gains risk

June 20 2024

Fitch affirms 'A' IFS ratings of Taiwan's largest life insurer, citing strong market position and robust capitalisation.

unions-ratings-affirmed-amid-growth-in-commercial-and-non-motor-personal-lines

Union's ratings affirmed amid growth driven by commercial and non-motor personal lines

May 29 2024

AM Best affirms ratings as Taiwanese insurer moves forward from pandemic-related losses.

Earthquake impact manageable for Taiwan's P&C sector despite BI exposure: S&P Global

May 15 2024

Taiwan's insurance industry stands firm in the aftermath of the Hualien earthquake, with state-backed funds and reinsurance mitigating potential losses.

Early May forecast predicts reduced 2024 typhoon activity for Northwest Pacific region

May 9 2024

TSR forecasts a potential 20% drop in 2024's Northwest Pacific typhoon activity compared with 30-year average.

Taiwan's government allocates US$878m for Hualein earthquake recovery efforts

May 3 2024

NT$28.55bn (US$878m) allocated with a focus on public infrastructure, private homes, and economic revitalisation.

Taiwan's Shinkong Insurance gets credit rating outlook bump

April 26 2024

AM Best upgrades ICR to positive, thanks to consistent, profitable operating performance amid COVID-19 and capital markets volatility.

Taiwan records hundreds of Hualien earthquake aftershocks on Monday and Tuesday

April 24 2024

6.1 magnitude and 6.0 magnitude earthquakes in Hualien County recorded late Monday and early Tuesday.

TSMC estimates US$92.44m loss from Hualien earthquake

April 20 2024

Lack of structural damage at world's largest semiconductor manufacturer helps minimise BI losses.

Strict and well-enforced building codes key to minimising Hualien earthquake losses: Guy Carp

April 15 2024

Disaster preparedness helps mitigate impact of the largest earthquake to hit the island in 25 years.

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