‘Walker’ policies trending in Taiwan
In Taiwan, new ‘Walker’ insurance policies are experiencing a surge in customer purchases this year
Insurers in Taiwan are reaping the benefits of ‘spillover’ insurance policies – which first launched in Taiwan in 2016, giving policyholders rewards when they exercise – this year, with the Financial Supervisory Commission citing NT$368.62 million in revenue from sales between January and September 2019 – totalling 28,383 policies, which is 8.4 times higher year-on-year.
Specifically, ‘Walker’ Insurance policies reported the most rapid growth, with 11,650 sold this year compared to 488 last year. Insurance Bureau Director-General Chang Yu-Hui said that first-year premiums rose from NT$9.88 million to NT$288 million this year.