These figures show the large demand for people to purchase insurance through the Internet. It is foreseeable that online insurance has already become a trend. Policy can't keep up with demand? Pandemic accelerates the urgency of digitizing insurance However, Taiwan's insurance industry is still limited by laws and regulations. Whether it is property insurance or life insurance, the sales methods are still "face-to-face sales" through traditional channels such as salespersons, banks, and insurance agents.
Although the FSC has gradually relaxed restrictions, the principles of the types of insurance that can be insured, the qualifications of the insured, the photo restoration service choice of beneficiaries, and the maximum insured amount are still open with the approval of the FSC and listed as positive. At present, there are only auto insurance, motorcycle insurance, comprehensive vaccination insurance, travel insurance, injury insurance, term life insurance, out-of-pocket health insurance, interest rate variable annuity insurance, etc., or specific term life insurance, small amount end-of-life insurance, etc.
Insurance and critical illness health insurance can be purchased through online insurance1 . Especially during the alert period of the epidemic, many insurance needs are still limited by legal regulations, and face-to-face services must be performed on-site, which also causes unnecessary contact risks for operators and consumers. Even if the video interview is open, the whole process still needs to be videotaped and handed over to the Financial Supervisory Commission, which makes the review process more lengthy.