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Taiwan’s spillover insurance premiums hit record USD389m

Spillover insurance policies in Taiwan posted a record total premium of about USD389m, 3.7 times higher than in 2020, according to data released by the Financial Supervisory Commission (FSC). According to the data, there were 668,166 spillover insurance policies sold last year, 2.2 times higher than in 2020. A spillover insurance policy is named after the spillover effect that occurs when events in one sector affect events in another, such as when policyholders are granted a premium reduction or bonus after improving their health. Walker policies, which give policyholders a bonus for undertaking a regular walking regimen, continued to dominate the market, with premiums of TWD6.2bn (USD220.8m) , the data further showed.


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