Many insurance companies in Taiwan have suffered huge losses from Covid-related claims. How did this happen, what could companies have done to prevent such losses, and where does this leave us now?

By Lee Faulkner

Deputy Labor Minister Lee Chun-yi is warning that continued government subsidies are currently the "only way" to stabilize the Labor Insurance Fund.

Premier Chen Jien-ren says the cabinet will continue efforts to execute government policies, regardless of the outcome of tomorrow's presidential and legislative elections.

The Financial Supervisory Commission has approved exclusive insurance reference terms for electric vehicles, with implementation starting on 1 July.

The Financial Supervisory Commission says local insurance companies have now paid out more than NT$4 billion in coronavirus-related insurance claims