Taiwan insurers’ earnings doubled to $10b in July

Both its life and non-life segments witnessed triple-digit growth.

Taiwan’s insurers saw their pre-tax profits jump over two-fold (146.0%) year-on-year (YoY) in July, accumulating $9.89b (NT$318.6b), data from the Insurance Bureau showed.

July’s surge was smaller than the previous month’s 313.1% but only accumulated $7.18b (NT$229.7b).

Its life insurance sector achieved a…