Insurance in Taiwan

The insurance practice at Baker McKenzie has extensive experience in advising on insurance regulations, working with regulatory authorities and representing and advising insurance companies in domestic and multi-jurisdictional legal issues and insurance disputes affecting both life and non-life insurance products. The team handles insurance company establishment, documentation and compliance, drafting mandates on behalf of government authorities, regulatory compliance, insurance claims and disputes. Tiffany Huang and Shelley Fan jointly lead the practice.

Practice head(s):

Tiffany Huang; Shelley Fan

Lin & Partners Attorneys-At-Law provides comprehensive service to domestic insurance companies and foreign insurers operating in Taiwan. The team also provides regulatory advice and handles matters relating to insurers’ major corporate transactions and disputes, particularly involving complex insurance-linked financial products. In addition, working in conjunction with its shipping practice, the firm has strong offerings in aviation and shipping insurance. The practice is jointly led by George Lin and Joey Kao, and also includes Kaiju Lee.

Practice head(s):

George Lin; Joey Kao

Other key lawyers:

Kaiju Lee

Key clients

Mercedes-Benz Insurance Services Taiwan Ltd.

Swiss Reinsurance Company

Zurich Insurance Group

Work highlights

  • Legal counsel to Swiss Reinsurance Company.
  • Legal counsel to Zurich Insurance Group.
  • Legal counsel to Mercedes-Benz Insurance Services Taiwan.

Tsar & Tsai Law Firm's insurance practice advises domestic and international insurance and reinsurance companies on insurance mechanisms to cover transactional risks in M&A deal closing, and also represents clients in insurance-related disputes. Key lawyers include James Cheng, who is experienced in regulatory compliance matters and claim disputes, and Randy Tsai, who is advising the American Chamber of Commerce in Taipei's Insurance Committee.

Other key lawyers:

James Cheng; Randy Tsai

Key clients

Catlin Re Switzerland

Apple

Allen & Overy LLP Singapore

Cathay Century Insurance

Work highlights

  • Advised Catlin Re Switzerland on reinsurance law arrangements.
  • Advised Apple on issues related to product insurance and on setting up its own product insurance mechanism.
  • Advised Allen and Overy LLP Singapore on overseas investment regulation for insurance companies.
  • Advised Cathay Century Insurance on various insurance disputes.

Lexcel Partners handles litigation on behalf of insurance companies and advises on policy review and drafting, matters relating to Taiwan's Insurance Act and Company Act, and consultations on indemnity cover. The team has ongoing client relationships with a number of insurance providers with local offices in Taiwan. Key figures in the practice group include Echo Yeh and Sue Su, both of whom have a strong track record in corporate matters, and David Tsai, a  litigator with experience in insurance regulatory compliance.

Practice head(s):

Echo Yeh; Sue Su; David Tsai

Key clients

Aia International Limited Taiwan Branch

China Life Insurance Company, Ltd.

MSIG Mingtai Insurance Co., Ltd.

Hotai Insurance Co., Ltd.

Work highlights

  • Provided legal counsel to MSIG Mingtai Insurance.
  • Provided legal consultation to Hotai Insurance.
  • Provided legal consultation to Asurion Greater China Company Limited Taiwan Branch.
  • Negotiation with Insurance Bureau for amendment to Insurance Act in collaboration with non-Taiwanese insurance companies.
  • Consulted by The Medical Protection Society Limited on the regulatory status/implications for providing professional indemnity cover in Taiwan.