By InsuranceAsia News Staff, InsuranceAsia News | October 5, 2018<\/p>\n
Taiwan\u2019s Financial Supervisory Commission chairman Wellington Koo has said the regulator is investigating the advantages and disadvantages of online insurance companies.<\/p>\n
<\/p>\n
In the age of insurtech, such companies are becoming more popular in Asia with the likes of Aviva-backed Blue launching in Hong Kong last month.<\/p>\n
Among the top concerns that are being examined is how these firms will manage their risks. Koo commented that P&C insurers would have a better chance than life firms, however the P&C market is extremely competitive.<\/p>\n
The agency also raised the issue of whether people really need new web-only insurers when they can already purchase insurance products online. Koo said that companies showing creativity and innovation have a greater chance of gaining permission.<\/p>\n
To replace traditional identification methods, the Insurance Bureau has started researching biometric identification using finger and voiceprints, as well as facial and retinal scans.<\/p>\n","protected":false},"excerpt":{"rendered":"
By InsuranceAsia News Staff, InsuranceAsia News | October 5, 2018 Taiwan\u2019s Financial Supervisory Commission chairman Wellington Koo has said the regulator is investigating the advantages and disadvantages of online insurance companies.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,6],"tags":[],"class_list":["post-151","post","type-post","status-publish","format-standard","hentry","category-news","category-taiwan"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/comments?post=151"}],"version-history":[{"count":1,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/151\/revisions"}],"predecessor-version":[{"id":152,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/151\/revisions\/152"}],"wp:attachment":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/media?parent=151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/categories?post=151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/tags?post=151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}