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COVID-19: Domestic insurers risk reduced capital adequacy over COVID-19 compensation

Local insurers might see a decline in their capital adequacy because of high payouts to holders of COVID-19 insurance policies amid a surge in domestic infections, the Financial Supervisory Commission (FSC) told a meeting of the legislature’s Finance Committee in Taipei yesterday.
The commission did not disclose the total amount that insurers might have to pay policyholders, saying only that about 6 million COVID-19 insurance policies remain valid and that the compensation amount has not been finalized.
Democratic Progressive Party Legislator Kuo Kuo-wen (郭國文) said that since the Central Epidemic Command Center (CECC) has estimated Taiwan’s infection rate to be about 15 ....

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《TAIPEI TIMES》 Domestic insurers risk reduced capital adequacy over COVID-19 compensation - 焦點

By Kao Shih-ching / Staff reporterLocal insurers might see a decline in their capital adequacy because of high payouts to holders of COVID-19 insurance policies amid a surge in domestic infections, the Financial Supervisory Commission (FSC) told a meeting of the legislature’s Finance Committee in Taipei yesterday. ....

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