Cathay Century Insurance adheres to PSI and governmental goals for sustainable finance, and incorporate ESG issues into our product life cycles. To create sustainable insurance products and cultures, we use diverse channels to enhance the sustainability awareness of our colleagues and incorporate sustainability into our product designs. Currently, all Cathay Century Insurance’s insurance products are launched only after they have passed inspections based on the ESG Checklist, and we also regularly monitor our insurance products. In terms of underwriting for corporate clients, we take sensitive industries into consideration and help our high-risk corporate clients with sustainable transformation.
Cathay Century Insurance continues its long-standing development strategy. With respect to environmental issues, we have been designing financial products to create opportunities for low-carbon transformation or mitigate/adapt to climate change, so as to make the industry transformation more competitive and increase industrial competitiveness to achieve net zero targets.
Adhering to the spirit of providing effective and comprehensive services for every group of people, Cathay Century Insurance has incorporated the concept of “financial inclusion” proposed by the United Nations in 2005 into its operations, and has set the direction of financial inclusion for the economically disadvantaged and the elderly to ensure that these disadvantaged groups can enjoy fair financial services.
With population aging becoming the most important global crises of the 21st century. Cathay Century Insurance supports the national development policy by carrying out in depth analysis of the risks of long-term care accidents in an aging society and providing insurance.
Cathay Century Insurance tailored the most suitable insurance plan for seniors (“Century Evergreen”) based on the common medical needs of elderly people. Amendments made in 2023 included reimbursements for “auxiliary devices” such as wheelchairs and crutches that seniors may purchase due to accidental injuries, and our product was renamed the “New Century Evergreen” plan to provide necessary protections for seniors with limited budgets.
Insurance’s Micro Insurance Insured groups with low income, vulnerable groups with special identities, and their family members. Insurances with low coverage, low premium and simple content protect the economically disadvantaged groups from accidents and cover their medical cost or monetary losses, so the disadvantaged groups can separate risks through insurances.
