TAIPEI: The Financial Supervisory Commission yesterday said Taiwanese insurance firms’ offshore insurance units (OIU) had collected an estimated US$33.67 million in premiums from clients abroad as of last month, after insurers were given approval to seek clients from abroad in August last year.
Compared with the US$1.84 million in post-reinsurance premium collection at the end of last year, total post-reinsurance premium collection by the nation’s 14 insurers with OIU operations had gained markedly to US$12.27 million as of the end of last month, the commission said.
A majority 45.9 percent of overseas clients were based in Europe and North America, followed by 35.2 percent in Asia, while Hong Kong accounted for 18.9 percent, the commission said.
