Taiwan Residential Earthquake Insurance Fund (TREIF)
Taiwan Residential Earthquake Insurance Fund (TREIF) is a not-for-profit organization, established officially on January 17, 2002, following the 921 earthquake in 1999. The quake prompted the government to set up an earthquake insurance program and build consensus to strengthen the earthquake insurance mechanism.
Residential earthquake basic insurance is a statutory insurance in Taiwan and TREIF serves as the pivotal organization of the residential earthquake insurance scheme.
Taiwan News and Events
News and Events
As of 31 July 2023 the cumulative liability amount for the residential earthquake insurance system was NT$5,793,767,221,966. There were 3,463,839 policies in force, representing a take-up rate of 37.53% (based on a total of 9,228,691 households in Taiwan).