Rating Recap: Taiwan (P/C) Industry

Standard & Poor’s Ratings Services has released a new report, which examines Taiwan’s P/C insurance sector. S&P said the general outlook is “stable, reflecting the likelihood of continued satisfactory profitability and capital strength, and appropriate reserving.” The article “Nonlife Insurance Industry Risk Analysis: Taiwan,” was prepared, by Taiwan Ratings Corp., S&P’s Taiwan-based subsidiary. Despite a generally positive assessment of the sector, the article “highlights the increasing exposure to risky investments–equities and real estate–as well as expectations of intensified price competition and rate deregulation,” said S&P. “Taiwan’s underwriting cycle remains exposed to catastrophe risks and the availability of regional and global reinsurance capacity,” explained Susan Chu, the director of financial services ratings at Taiwan Ratings.

Topics Property Casualty