taiwan

The government of Taiwan is being urged to purchase insurance protection against natural disasters and catastrophe events, such as earthquakes and typhoons which affect Taiwan every year, as a way to lower the burden of reconstruction on public money.

Certain Taiwanese news sources are reporting that the possibility of using catastrophe bonds as a way to spread the risk of earthquakes in Taiwan has been discussed within government circles. The topic was raised by legislators in a question to an executive of the Taiwan Financial Supervisory Commission (FSC) on the 16th March.