This year marks the 40^th anniversary of Taiwan Insurance Institute (TII), which was founded in 1985. For four decades, TII has been committed to driving the improvement and development of Taiwan’s insurance industry and becoming an insurance think tank dedicated to research, professional training, and policy support. Amid rapid changes in the global economic, financial, and social environment, TII will continue to uphold our mission as a think tank and work toward the dual goals of “professionalization of insurance” and “democratization of insurance knowledge”. In addition to strengthening risk management and insurance and financial literacy, we shall continue to improve consumer protection through research, education, and information exchange.

By conducting professional research, actuarial analysis, and statistics compilation, TII supports the insurance industry in adopting international standards, such as International Financial Reporting Standard 17 (IFRS 17), and the Taiwan Insurance Solvency (TIS) regime. TII has formed a strong public-private partnership as we continue to collaborate with the regulator to promote the development of relevant systems. Furthermore, we monitor the latest trends in the global insurance market and seek to cultivate insurance professionals with a global perspective, who shall enhance the competitiveness of the local insurance industry and enable its stable and sustainable growth.

In 2025, the global insurance industry was still under the impact of factors such as geopolitical dynamics, monetary policy changes by central banks, the development of artificial intelligence technologies, and the transition toward sustainable finance. In Taiwan, the insurance industry is confronted with issues such as extreme weather and catastrophe risks caused by climate change, as well as the longevity risks and long-term care needs arising from an aging population, all of which require actions from the insurance industry. In response to this trend, TII will continue to promote the implementation of the Principles for Sustainable Insurance (PSI) and support the government’s policies on net-zero transformation and green finance. In addition, we shall direct insurance funds to support sustainable infrastructure and green energy industries, promote innovation in sustainable insurance products and the cultivation of sustainability-minded talent, and build a robust ecosystem for sustainable finance.

In the 3^rd Sustainable Finance Rating 2025, TII received applications from 8 life insurers, 8 property and casualty insurers, and 1 reinsurer, which reflects the industry’s strong emphasis on and progress in sustainability. TII will continue to support the Financial Supervisory Commission’s “Green Finance and Transition Finance Action Plan” by promoting ESG-related education and training, establishing a professional certification system for sustainable finance, and actively participating in government policy mechanisms such as the “Net Zero Transition Task Force”. Through such public-private partnerships, TII aims to assist the insurance industry in developing sustainable products and services and expand its influence in net zero transition and sustainability initiatives.

Regarding regulatory alignment, TII supports the regulator by developing transitional measures that address the uniqueness of the local industry, so that local insurers succeed in adopting IFRS 17 and TIS by 2026. This is a crucial and landmark task. By balancing capital stability with market fairness and regulatory feasibility, TII will ensure market stability and strengthen policyholder trust during the implementation of the new standards. This marks a significant step forward for the development of Taiwan’s insurance industry. Looking ahead, we will continue to leverage our regulatory adaptation platform for exchange and advice, assisting the regulator in refining relevant regulations and serving as a vital force driving the sound development of the insurance industry.

In terms of international cooperation, TII continues to deepen exchange and collaboration with international insurance institutions and research organizations. By attending and organizing international conferences and forums, we stay abreast of the latest developments in the global insurance market. At the East Asia Pacific Insurance Forum 2025, which focused on the application and development of artificial intelligence in the insurance industry, representatives from insurance regulators and research institutions from various countries engaged in in-depth discussions on related issues, providing an important platform for knowledge sharing and cooperation that could drive the digital transformation and innovative development of the insurance industry.

As Taiwan becomes a super-aged society and faces the challenges of longevity risks, the insurance industry will play an even more critical role in areas such as retirement security, health promotion, and long-term care. TII will continue to drive the development of innovative insurance products related to health promotion, long-term care, and retirement security, and strengthen cooperation between insurance and health management service providers to create an age-friendly insurance service system.

Meanwhile, with the rapid development of artificial intelligence and digital technology, InsurTech is transforming insurance service models. Through research and policy recommendations, TII will assist the insurance industry in leveraging AI, big data, and cross-domain data integration to improve the efficiency of product innovation, underwriting, claims processing, and risk management. We will continue to promote insurance service innovation to enhance the overall competitiveness of the industry.

TII will continue to implement the sustainable development goals of the insurance industry and collaborate with government and industry partners to guide the industry toward digitalization, sustainability, inclusiveness, and resilience. We strive to provide professional support and impetus for the lasting and robust operation of Taiwan’s financial and insurance systems and the practice of social responsibility.

                                                                                                                                                                                           Jerry Huang

                                                                                                                                                                                           Chairman

                                                                                                                                                                                           (2026.5.13)