Taiwan's property and casualty insurers are booming alongside the wider economy, and they are now pushing to cut losses rather than just chase growth — a positive sign for the industry's stability.

• Property insurance premiums are on track to top NT$300 billion this year, after a record NT$285.6 billion last year.
• Insurers set up an industry-wide task force to help customers prevent damage before it happens, not just pay claims afterward.
• The idea is to hold down loss ratios and costs, since insurance demand is tied to the economy and can't easily be manufactured.
• Regulators want coverage extended to older and vulnerable customers as Taiwan's population shrinks and ages.
• Insurers are leaning on AI and blockchain, including a shared platform to speed up car insurance claims.

Outlook: Premium growth should stay solid this year, with the industry's focus shifting toward controlling claims costs and building products for an aging population.