Finance Products/Services
Sustainable/Green Loans
Top among Taiwan banks in wind power lending from
Taipei Fubon Bank
- Leads all Taiwan-invested banks in outstanding loans for offshore wind projects, has market share of 21% in 2021.
- Continue to finance green energy or alternative energy industries
The first green finance certified by a third-party
agency in Taiwan
- Taipei Fubon Bank and Yuen Foong Yu, a leading paper industry group, launched the first third-party-certified green finance program in Taiwan in July, 2021. This was certified by a third-party organization. The proceeds will be used for renewable energy generation, zero coal-fired steam and electricity co-generation, and energy saving in recycled paper production. It is Taiwan’s first green finance project certified by a third-party accounting firm in accordance with the international standard of Green Loan Principles 2021
The first local bank in Taiwan to introduce
sustainability-linked loans
- Taipei Fubon Bank collaborated with AUO Corporation for the first sustainable supply chain finance in Taiwan.
- Taipei Fubon Bank signed with CPC the first sustainability linked loan to stateowned enterprise.
- In 2022, Taipei Fubon Bank was the ESG management bank for Chailease International Leasing Co., Ltd. (Vietnam) under Chailease Holding Company and launched a three-year US$90mn “social loan” syndication project, which opened up the financial industry in Taiwan and Vietnam to support companies to engage in socially responsible and beneficial businesses with syndications.
ESG Products for Asset Managers
When Fubon Asset Management issued the “Fubon
TWSE
Corporate Governance 100 ETF,” which tracks the performance of the TWSE
Corporate Governance 100 Index, it was Taiwan’s first domestic equity ETF to
focus on corporate governance. The company’s newest product issued in 2020,
the “Fubon Taiwan Sustainable Development High Dividend Fund,” consists of
constituents from sustainability-oriented indexes and companies in the top
50% of the Taiwan Stock Exchange’s Corporate Governance Evaluation or
included in other sustainability-related evaluations or reports. Investment
targets comprise large, medium-sized and small stocks, which is different
from other high-dividend funds on the market. After this fund was issued,
Fubon Asset Management became Taiwan’s first asset manager to have both
sustainability-oriented Taiwan equity active and passive funds, a reflection
of parent company Fubon Financial Holdings’support for sustainability.
- ESG Fund Size (NT$100 million)
-
Fubon TWSE Corporate
Governance 100 ETF - 31
- 49
- 77
- 139
-
Taiwan Sustainable
Development High Dividend Fund - -
- -
- 40
- 29
-
Share of total AUM of two
above funds combined (%) - 1.9%
- 1.6%
- 3.7%
- 4.1%
ESG-related Insurance Products and Services
Natural Disaster Services and Agriculture
Insurance
Fubon Insurance provides business continuity
planning and
post-disaster loss control services that help customers quickly rebuild
their
operations and reduce capital expenditures when a disaster occurs, limiting
the
potential risks from accidents. With the backing of the global reinsurance
market,
the company offers complete protection against natural disasters to
companies
and
the public through earthquake, typhoon and flood insurance and business
interruption
insurance. Fubon Insurance has actively participated in the Council of
Agriculture’s
pilot program for crop insurance, developing insurance products best suited
to
Taiwan. Since its launch of Taiwan’s first agriculture insurance policy (for
top
grafted pear crops) in 2015, Fubon Insurance has introduced policies
covering
pears,
rice, bananas, grouper, milkfish, striped bass and tilapia as well as
typhoon
and
flood insurance for agricultural facilities. These products give Taiwan’s
farmers
and aquaculture operators insurance options that help them divert risks from
natural
disasters. Fubon Insurance has also worked closely with experts in other
fields
to
develop innovative products tailored to the special characteristics of
different
crops.
Fubon Insurance Loss Control
Services
-
Fire / Explosion Risk
Assessment System -
Civil Engineering
Projects Risk
Assessment -
Earthquake Risk
Assessment Services
-
Infrared Thermographly
Testing Services -
Instrumentation and
Control Security /
Layers of Protection
Analysis -
Business Continulty
Planning
-
Business Continulty
Planning -
Loss Control Education
and Training -
Typhoon and Flood Risk
Potential Analysis
-
- Natural Disasters
-
- Natural Disaster Insurance
-
- Crops
-
- Pear Crop Insurance
- Rice Crop Insurance
- Banana Crop Insurance
-
- Aquaculture
-
- Temperature-indexed Parametric Aquaculture Insurance
- Parametric Rain Aquaculture Insurance
-
- Agricultural Facilities
-
- Typhoon and Flood Agricultural Facility Insurance
Fubon Insurance has made harnessing its core
competencies to create environmentally friendly products and services a
top priority. Beyond using its influence to push green concepts, it also
hopes to achieve its vision of a low-carbon lifestyle and environmental
sustainability by giving customers incentives to get involved.
Fubon Insurance rolled out “Environmental Pollution
Liability Insurance” to raise environmental awareness among
ESG-sensitive gas station owners and storage tank operators and help
them manage pollution risks to the soil and groundwater. This coverage
offers protection against liability for losses, compensation, or cleanup
or remediation costs generated by accidental or gradual pollution. But
if a potential client for this insurance has been put on a government
watch list, indicating that the location where the client operates could
have soil or groundwater pollution issues, the applicant will only be
able to get insurance once it completes a remediation plan and is
removed from the watch list.
To address global emerging risk, Fubon Insurance relies on liability
insurance and new types of
insurance products to help companies operate sustainably and strengthen
their corporate governance, make it easy for enterprises and individuals
to divert risk, and beef up social resilience.
Services and Products for the Elderly
Echoing UN’s Sustainable Development Goal 3, Good Health and Well-Being,
Fubon
Financial Holdings aspires to facilitate the well-being of each age group.
The
aging population calls for long-term care services, medical insurance
covering
self-paid special materials, and lifetime pay-as-you-go insurance. In
response
to the demand, as well as common cases of decline among applicants with
impaired
risks, the Company has developed a variety of insurance products to fill the
gap
between supply and demand. In impaired-risk insurance, we include spillover
benefits to encourage policyholders to control blood sugar levels with
premium
deduction as incentives. While strengthening policyholders’health
consciousness,
we also reduce the risk of claim settlements.
As Taiwan moves toward an aging society with a low birth rate, Taipei Fubon
Bank
actively promotes elder care trusts. The trust department was expanded to
include a larger trust operations team. Agile big data analytics was
introduced
to develop the right services and build a potential clientele so that we can
effectively assist clients with asset trusts in advance. Meanwhile,
leveraging
the influence of local branches across Taiwan, Taipei Fubon held multiple
trust
orientations to reach out to a broader clientele. Through casual
interactions
and easy-to-comprehend case studies, potential clients learned about the
purpose
and advantages of trusts.
Provide Services for the Elderly
-
1Promote elder care trusts＋ －Results
- In 2021, Taipei Fubon Bank handled 105 new asset trusts to care for the elderly and people with disabilities, benefiting 345 people.
- Elder care trusts had assets of NT$2.409 billion at the end of the year, up more than 17% from a year earlier.
- The only private bank recognized by the Financial Supervisory Commission as an outstanding elder care trust provider in three consecutive years
-
2Fraud Prevention – Elderly Clients＋ －Results
- For customers aged 70 years and above who are subject to the highest level of control based on a risk profile assessment, a “risk warning” is issued for every transaction.
- The first time they apply for professional investor/professional client status, a two-week “cooling-off period” is imposed from the time their application is approved
-
3Use Technology to Track People＋ －Results
- Worked with New Taipei City to use smart GPS watches and the websites of local social groups to better prevent people with dementia from getting lost and make it easier to find them. Nearly 100 people with dementia or senior citizens in rural areas have been helped by this service.
- Joined with the Federation for the Welfare of the Elderly to get hospitals to provide dementia bracelets to patients diagnosed with memory issues. More than 13,000 dementia bracelets were distributed accumulatively since 2016.
-
4Dementia Education Seed Project＋ －Results
- Partnered with the Taiwan Alzheimer’s Disease Association on a “Dementia Education Seed Project” and produced the animated videos “Signs of Dementia” and “Prevent People from Getting Lost” for distribution to elementary schools around Taiwan
- The project also held activities with the help of the Fubon Volunteers Association at Taipei Datong Elementary School and Heping Elementary School in Taichung to educate 210 teachers and students about Alzheimer’s.
-
5Medical Service Accessibility Project for Elders in Remote AreasMedical Service Accessibility Project for Elders in Remote
Areas＋ －Results- Partnered with Formosa Cancer Foundation to offer transportation subsidy to elderly cancer patients in remote areas in Southern and Eastern townships in Taiwan. Unprecedented in the industry, the project has helped 1,434 elderly cancer patients increase their willingness to seek medical treatment by offering a maximum of NT＄8,000 transportation subsidy per patient since 2017. The total subsidized distance traveled to medical facilities reached 750 thousand km.
- The “Survey on the Predicament of Cancer Patients in Taiwan to Travel for Medical Treatment” and the "Documentary of Elderly Cancer Patient's Journey to Treatment” successfully raised public awareness on medical accessibility in remote areas (with over 230 thousand views) and facilitated the donation of over NT$ 4.03 million made to Formosa Cancer Foundation.
-
6Senior Care Active Ageing Program＋ －Results
- Held 564 events for senior citizens
- 7,143 people benefited from the program
Products for the Elderly
Fubon Life makes it its business to care about people’s health and meet the
growing needs of Taiwan’s rapidly aging society and continues to offer elder
care trusts and health-oriented insurance products.
-
1Hospitalization Insurance for Seniors＋ －Most pay-as-you-go medical insurance policies only protect people to the age of 75. Given that life expectancy is rising in Taiwan and out-of-pocket medical costs continue to increase, Fubon introduced pay-as-you-go hospitalization insurance that extends to the end of the policyholder’s life.Product Name
- Fubon Life Hospitalization Whole-life Insurance Rider
2021 Policies- Number of valid policies：698
- PremiumIncome：20 million
-
2Products for Seniors – Long-term Care Insurance＋ －Offer policyholders a variety of options by diversifying long-term care products including long-term care insurance that covers physiological disabilities, cognitive disabilities, specific diseases that require long-term care, etc.Product Name
- Fubon Life Long-term Care Whole-life Insurance
- Fubon Life Full-Care Whole-life Health Insurance
- Fubon Life Long-term Care Term Health Insurance
2021 Policies- Number of valid policies ：12,682
- PremiumIncome：413.66 million
-
3Coverage for Special Medical Devices and Whole-life Medical InsuranceCoverage for Special Medical Devices and Whole-life Medical
Insurance＋ －Provides coverage for devices such as coronary stents, artificial hips, artificial knees, and artificial intraocular lenses often needed by older people; introduced medical savings account insurance plan that includes coverage of outpatient expenses not covered by national health insurance system.Product Name- Fubon Life Senior Wellness Whole-life Health Insurance
- Fubon Life Whole-life Medical Insurance
- Fubon Life LOHAS Wholelife Health Insurance
2020 Policies- Number of valid policies ：3,432
- PremiumIncome：82.37 million
-
4Deductible Pay-As-You-Go Hospitalization Insurance＋ －Given the rise in self-paid medical expenses, Fubon introduced a deductible pay-as-you-go medical insurance addendum. Policyholders can choose to top up the amount of coverage to include costs of hospital ward daily rate, hospitalization, hospital and outpatient surgery. Fubon also offers policyholders a variety of plans to choose.Product Name
- Fubon Life Hospitalization Term Insurance Rider
- Fubon Life Hospitalization One-year Term Insurance Rider
- Fubon Life Practical Hospitalization Term Insurance Rider
2021 Policies- Number of valid policies ：14,362
- PremiumIncome：79.05 million
-
5Retirement Return-of- Premium Whole Life Insurance＋ －To maintain the national income replacement ratio among retirees, Fubon introduced lifetime insurances with a variety of premium plans. Policyholders can start claiming money back at the age of 55, 60, or 65. It helps policyholders meet retirement needs by offering whole-life insurance and a stable cash flow.Product Name
- Fubon Life Enjoy Wealth Return of Premium Whole-life Insurance
2021 Policies- Number of valid policies ：345
- PremiumIncome：70.56 million
Health management product
In terms of general health issues, Fubon introduced impaired-risk insurance
for
diabetes sufferers that offered them comprehensive coverage. The concept
behind
traditional insurance policies is to provide a benefit after something
happens.
In contrast, "spillover" policies are proactive, providing discounts on
premiums
to policyholders who effectively manage their own health. We also uses an
app
from Health2Sync to encourage policyholders to manage their health; the
policy
was the first to offer discounts on premiums based on blood sugar data. The
lower a user’s glycated hemoglobin (HbA1c), the steeper the discount, up to
a
maximum of 40% off, an incentive that stresses prevention to keep people
healthy. In 2021, Fubon Life had 5,391 customers with "spillover" policies
,which generated NT $ 1.35 million in premiums.
-
1Impaired-risk Insurance for People with Diabetes + a “Spillover” EffectImpaired-risk Insurance for People with Diabetes + a
“Spillover” Effect＋ －Offers medical coverage to people with diabetes while giving them an incentive to manage their health; through this approach, health promotion concepts spill over into the policy.Product Name- Fubon Life Smart Term Health Insurance
2021 Policies- Number of valid policies：534
- PremiumIncome：11.09 million
-
2Walking Spillover Policies＋ －Aside from providing basic insurance coverage, the policy also incorporates health management concepts through the use of a wearable fitness device. Customers who walk a certain number of steps can get a discount on their premiums or health management rebates.Product Name
- Fubon Life Walker Term Health Insurance
- Fubon Life e-Term Life Insurance
- Fubon Life GO Term Health Insurance for Critical Illness
2021 Policies- Number of valid policies ：1,659
- PremiumIncome：12.19 million
-
3Cancer Checkup Spillover Policies＋ －Aside from providing basic insurance coverage, the policy also provides policyholders with next-generation circulating tumor cell testing and tumor marker testing. Policyholders can use this insurance product to better manage their health and get a discount on their premiums.Product Name
- Fuyi Heritage Variable Interest Rate Whole Life Insurance
- Increased Value Health and Critical Illness Life Insurance
- Foreign Currency Variable Interest Rate Type Whole Life Insurance
- Fuyi Foreign Currency Variable Interest Rate Type Whole Life Insurance
- Hsinmei Foreign Currency Variable Interest Rate Type Whole Life Insurance
- Yihsin Hsiangfu Variable Interest Rate Whole Life Insurance
2021 Policies- Number of valid policies ：3,096
- PremiumIncome：1,320 million
-
4Standard & Designated Vaccination Physical Checkup Spillover PolicyStandard & Designated Vaccination Physical Checkup Spillover Policy＋ －Aside from providing basic insurance coverage, the policy also provides physical checkup services. The physicals provided include: standard health checks, long-term care disease checks, cardiovascular disease checks, and cancer checks. The product’s main goal is to encourage policyholders to manage their own health and detect diseases at early stages.Product Name
- Fubon Life Health (In-kind benefits type) Insurance
- Medical Treasure Major Injury/Illness Term Health Insurance
2021 Policies- Number of valid policies ：102
- PremiumIncome：1.01 million