Life insurance policies in Taiwan will gradually become paperless, according to the director-general of the Insurance Bureau of the Financial Supervisory Commission (FSC), Ms Shih Chiung-Hwa.
She said yesterday that the policyholders of half of life insurers in Taiwan have yet to promote electronic insurance policies, but they are expected to have all digital life insurance policies in the next two years as well as launch electronic passbooks, according to a report by the Central News Agency.
A legislator Lin Chu-yin was concerned about the progress of the digital insurance policy. At a session of the Legislative Yuan yesterday, she noted that there are an average of 2.5 insurance policies per person in Taiwan. She also pointed out that there are still more than 40% of insurance companies that have not yet adopted digital insurance policies, including four property insurance companies and 11 life insurers. In other words, half of life insurance companies are still issuing insurance
'[Right] now, intensive care units in many countries are overflowing and people are dying – and it's totally avoidable,' says the World Health Organization
AIA PUBLIC Takaful has announced the appointment of Mahani binti Amat as its board chairperson with effect from 6 April 2021. She succeeds Dato' Thomas Mun Lung Lee, who retires after successfully completing his tenure of directorship with the company.
Aviva Singlife the holding company established following the merger of Aviva Ltd and Singapore Life has appointed Kim Rosenkilde as group chief investment officer with effect from 8 April 2021. An industry veteran with over 30 years in financial markets, Mr Rosenkilde's appointment comes as Aviva