Taiwan’s determination to join the Trans-Pacific Partnership (TPP) multilateral trade pact at the earliest opportunity is becoming increasingly evident. Following release early in November of the full text of the agreement recently concluded among the United States, Japan, and 10 other countries, the Ministry of Economic Affairs’ Bureau of Foreign Trade began studying the documents’…

Taiwan’s Economy Contracts in Q3 The economy shrank by 0.63% in the third quarter this year, the first contraction since the recession of 2009, following lackluster second-quarter growth of only 0.57%. The Directorate-General of Budget, Accounting and Statistics (DGBAS) forecasts continued sluggishness through the end of the year, predicting growth of just 0.49% in Q4….

The Taiwan insurance sector’s long-term sustainability – and its ability to maintain the confidence of the public whose financial welfare it serves – depends on the degree of discipline exercised by both insurers and regulators in ensuring proper risk management. That discipline has already been tested several times in recent years when domestic life insurance…

Innovation is a popular topic in Taiwan these days, recognized as an essential ingredient for this economy’s future development and prosperity. Yet in one crucial market – “non-life” insurance products aimed at protecting consumers and businesses from damage, loss, and liability – innovation has often been stifled by overly rigid regulations. Insurers are required to…