Fubon Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/fubon-insurance/ Mon, 02 Sep 2024 13:13:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Fubon Insurance returns to net profit, COR improves to 86.2% in H1 2024 https://insuranceasianews.com/fubon-insurance-returns-to-net-profit-cor-improves-to-86-2-in-h1-2024/ Mon, 02 Sep 2024 05:20:52 +0000 https://insuranceasianews.com/?p=161820 The Taiwanese market leader's combined ratio dropped 37.2 percentage points from 123.4% a year ago as claims paid for the period more than halved.

The post Fubon Insurance returns to net profit, COR improves to 86.2% in H1 2024 appeared first on InsuranceAsia News.

]]>

Fubon Insurance returned to a net profit for the six months ended June 2024 at NT$2.4 billion (US$74.8 million), reversing the NT$3.2 billion net loss reported in the first half of 2023 thanks to grow...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Fubon Insurance returns to net profit, COR improves to 86.2% in H1 2024 appeared first on InsuranceAsia News.

]]> Fubon Insurance’s FY2023 underwriting results still weighed down by Covid claims https://insuranceasianews.com/fubon-insurance-fy2023-cor-improves-to-107-as-covid-impact-subsides/ Sun, 24 Mar 2024 23:00:22 +0000 https://insuranceasianews.com/?p=149134 The insurer's net combined ratio for 2023 improved to 106.7%, from 237.1% a year ago, while its direct written premium for the period rose 7% to about US$2bn.

The post Fubon Insurance’s FY2023 underwriting results still weighed down by Covid claims appeared first on InsuranceAsia News.

]]>

Taiwanese insurer Fubon Insurance's underwriting performance for the financial year 2023 (FY 2023) continues to bear the brunt of Covid-19 claims, however, the results have shown significant improveme...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Fubon Insurance’s FY2023 underwriting results still weighed down by Covid claims appeared first on InsuranceAsia News.

]]> Fubon Insurance shakes off Covid provision, logs record monthly premium in January https://insuranceasianews.com/fubon-insurance-shakes-off-covid-provision-logs-record-monthly-premium-in-january/ Thu, 15 Feb 2024 08:33:28 +0000 https://insuranceasianews.com/?p=146365 The non-life carrier recorded strong growth in commercial fire and engineering insurance in January, which bolstered direct written premium to US$221.9m.

The post Fubon Insurance shakes off Covid provision, logs record monthly premium in January appeared first on InsuranceAsia News.

]]>

Fubon Insurance said its direct written premium in January reached a record monthly high after having recorded a 30.1% increase from a year ago, as it reversed the monthly loss posted in December when...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Fubon Insurance shakes off Covid provision, logs record monthly premium in January appeared first on InsuranceAsia News.

]]> AM Best removes Fubon Insurance from “under review” on recovery from Covid-19 losses https://insuranceasianews.com/am-best-removes-fubon-insurance-from-under-review-on-recovery-from-covid-19-losses/ Tue, 06 Feb 2024 09:10:40 +0000 https://insuranceasianews.com/?p=145708 The rating agency has removed the carrier from "under review with negative implications", but assigned "negative" outlook due to its exposure to reinsurer credit risk.

The post AM Best removes Fubon Insurance from “under review” on recovery from Covid-19 losses appeared first on InsuranceAsia News.

]]>

Fubon Insurance's capital position has recovered from a year ago due to the maturity of its pandemic-related insurance policies and fresh capital injection in 2023,  AM Best said.
The global rating ag...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post AM Best removes Fubon Insurance from “under review” on recovery from Covid-19 losses appeared first on InsuranceAsia News.

]]>