Taiwan Launches First Digital Platform for Commercial Insurance with AIFT and Richmond

Hong Kong-based AIFT, via its insurtech arm IXT, has partnered with Richmond Insurance Brokers to launch Taiwan’s first digital platform for commercial insurance. The platform caters to small and medium-sized enterprises, offering simplified access to cybersecurity, public liability, and event insurance. Participating insurers include MSIG Mingtai, Hotai, and Union Insurance. A standout feature is the integration of AIFT’s Cymetrics platform, which assesses cybersecurity risks and adjusts premiums based on domain vulnerabilities. The collaboration seeks to digitise traditionally complex insurance processes and significantly enhance service delivery for SMEs.