Taiwan’s insurance industry posts 30% growth in pre-tax profits

Posted On: Mar. 5, 2021 9:42 AM CST

Data from Taiwan’s Insurance Bureau of the Financial Supervisory Commission showed 31% year-on-year growth in pre-tax profits of the local insurance sector to $233 billion Taiwanese ($8 billion) in 2020, Asia Insurance Review reported. Property and casualty insurance segment reported 6.3% growth in pre-tax profits to TWD17 billion.