Motor claims account for 50% of compensation paid by Taiwan insurers

Taipei in Taiwan

Taiwanese general insurers paid out compensation of over NT$29.5bn ($983.3m) in the first half of 2012, up 10% year on year according to the Taiwan Insurance Institute.

Voluntary motor insurance accounted for 42% of the figure at NT$12.5bn with NT$4.46b from compulsory motor liability insurance, and car insurance overall accounting for over 50% of total non-life

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