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Taiwan Faces $189 Billion in Earthquake Insurance Liabilities

by Celia

As of December 31, 2024, Taiwan’s earthquake insurance system held a total liability of NT$6.1 trillion ($189.1 billion), according to data from the Taiwan Residential Earthquake Insurance Fund.

The system, which covers residential properties, had 3.6 million active policies by the end of last year, representing 38.89% of Taiwan’s 9.4 million households. Specifically, the capital city, Taipei, accounted for 401,604 of these policies, which made up 11.02% of the total.

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The earthquake insurance program is designed to help homeowners recover from the financial impact of natural disasters. The current liability reflects the government’s ongoing efforts to provide coverage in a region vulnerable to seismic activity.

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(Note: The exchange rate used is $1.00 = NT$32.73.)

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