Taiwan earthquake claims unlikely to exceed levels from similar 2016 event ...Middle East

HONG KONG: Earthquake-related claims for Taiwan’s commercial insurers related to this month’s seismic event are unlikely to exceed those stemming from the 2016 Meinkong earthquake, given the more recent event’s greater distance from the economic centers and science parks, according to AM Best.The Best’s Commentary, “Taiwan Earthquake Claims Unlikely to Exceed 2016 Levels,” notes that the Magnitude 7.2 earthquake on 3 April is not expected to add significant net claims and lead to a capital event for Taiwan’s non-life insurance industry.In Taiwan, residential earthquake losses are ceded to the Taiwan Residential Earthquake Insurance Fund (TREIF), so commercial insurers mainly bear commercial

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