Taiwan's insurance industry has buffered itself against surging COVID claims after raising capital, the head of the island's market regulator said. The
Taipei, July 31 (CNA) The top 12 sellers of COVID-related insurance policies in Taiwan have paid out nearly NT$32 billion (US$1.07 billion) in 2022, and the industry is set for a reckoning amid disputes over claims and payments, according to an expert in the protection of consumers' rights.
Taipei, July 14 (CNA) The Financial Supervisory Commission (FSC), the top financial regulator in Taiwan, on Wednesday signed a memorandum of understanding (MOU) with the Israel Securities Authority (ISA) on future bilateral cooperation.
TAIPEI: Taiwan’s worst Covid-19 outbreak has left the island’s insurers bracing for more than US$1bil (RM4.4bil) in claims that the financial regulator is urging them to honour.
The head of the financial regulator has ordered insurers to pay out on valid COVID-related insurance policies after they faced criticism from lawmakers for dismissing claims.