The Financial Supervisory Commission (FSC) today approved the mountaineering comprehensive insurance products submitted by Fubon Insurance and Shin Kong Toyota Marine Insurance, providing mountaineering enthusiasts in the country with more comprehensive insurance coverage in the future.
This approved mountaineering comprehensive insurance product is a type of personal insurance, but it is underwritten with a minimum of five people per policy. Its main coverage includes insurance for mountaineering accidents as well as emergency medical evacuation expenses, such as accidental injuries during mountaineering activities or specific incidents stipulated in the contract, such as heatstroke and altitude sickness.
The FSC emphasized that this type of product is a new offering developed by insurers for mountaineering enthusiasts, and the industry currently has no relevant underwriting experience. Initially, it will only cover domestic mountaineering areas and will be underwritten through a co-insurance arrangement.