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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

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