Taiwan

Lloyd's raises insurance rates for Taiwan amid rising tensions with China: Report

August 14 2023

Underwriters at Lloyd's are hiking rates and reducing coverage, posing potential disruptions to Taiwan’s vital semiconductor chip industry.

fubon-vietnams-financial-ratings-remain-under-review-with-negative-implications

Fubon Vietnam's ratings remain under review amid parent firm review

August 11 2023

AM Best said in an update that it is continuing to investigate the explicit support the Vietnamese entity receives from its parent company, Fubon Insurance.

am-best-reaffirms-excellent-ratings-for-taiwans-central-re-amidst-expansion-of-overseas-business

AM Best reaffirms 'Excellent' ratings for Taiwan's Central Re amidst continued expansion of overseas business

August 11 2023

Despite challenges from the pandemic, Central Reinsurance Corporation has had its financial strength and long-term issuer credit ratings reaffirmed.

am-best-retains-taiwans-fubon-insurances-under-review-status-amid-reinsurer-credit-risk

AM Best retains 'under review' status for Taiwan's Fubon Insurance amid reinsurance credit risk

August 7 2023

Fubon's financial strength rating is still excellent, though its 'under review' status remains despite a May capital injection.

Taiwan regulators relax RBC rules as rising rates batter domestic insurers

August 4 2023

The FSC has eased upcoming risk-based capital rules, giving respite to the struggling insurance sector already burdened by surging FX hedging costs, due to rising US interest rates.

Taiwan's MSIG Mingtai to use Moody's RMS solutions to enhance disaster risk analytics

July 31 2023

MSIG Mingtai has adopted Moody's RMS solutions to enhance their earthquake and typhoon risk analytics models,.

taiwans-life-insurance-market-to-rebound-by-2024-fueled-by-favorable-trends-and-endowment-plans

Taiwan's life insurance market to rebound from 2024, fueled by favorable trends and endowment plans

July 28 2023

Global Data projects Taiwan's life market to recover and expand from 2024, though a 2% contraction is still estimated for 2023.

Fitch Ratings ranks Cathay Life as 'Most Favourable' among Taiwan life insurers

July 16 2023

Fitch's peer review ranked Taiwan's largest life insurer based on its large operating scales, diversified product lineup, and wide distribution network.

Strong financial position and dominant market share propel Cathay Life Insurance to 'A' rating with a stable outlook

June 30 2023

Fitch Ratings assigned Cathay Life Insurance Co., Ltd an ‘A’ Insurer Financial Strength (IFS) rating with a stable outlook and a ‘AA-(twn)’ rating to its proposed Taiwanese dollar...