by AIP Online Bureau | Oct 6, 2023 | International News, Risk Management, Technology
In March, Taiwan reported that two undersea cables to some of its outlying islands appeared to have been cut, although it stopped short of blaming Beijing. Taiwan media reported mounting interest in securing satellite internet connectivity immediately afterwards. Such...
by AIP Online Bureau | Aug 10, 2023 | Breaking News!, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management
“Availability of cover for Taiwan has got tighter,” said Crispin Hodges, head of trade and political risk with insurer Canopius, “We’ve been tightening up the wording to ensure that the policies reflect the underlying risk that we want to insure and there aren’t any...
by AIP Online Bureau | May 30, 2023 | Eco/Invest/Demography, International News, Technology
Audrey Tang, who heads Taiwan’s Ministry of Digital Affairs, says she wants the island’s $740 billion economy to be able to handle the possible collapse of all its communications in the event of an emergency by the end of next year Buffeted by earthquakes and the...
by AIP Online Bureau | Feb 8, 2023 | Eco/Invest/Demography, International News, Non-Life, Risk Management
In a survey released on Tuesday, which took place between Nov. 15 and Dec. 16, AmCham Taiwan said 33% of respondents said their operations had been “significantly disrupted” by the increase in tensions, compared with 17% when it did a flash survey in August right...
by AIP Online Bureau | Sep 26, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Global insurers, meanwhile, are backing away from writing new policies to cover firms investing in China and Taiwan, and costs for political risk coverage have soared more than 60% since Russia’s invasion of Ukraine Insurers are underwriting new policies, but...
