MSIG Mingtai Corporate Sustainability Sector

MSIG Mingtai Corporate Sustainability Sector

Creating Shared Value (CSV) and Driving Digital Transformation (DX)

Environment Social Corporate Governance Awards & Honors

Environment

  • 2023
  • 2022
    • In 2023, the total written premiums for sustainability-related insurance products reached over $400 million.
    • In 2023, green engineering insurance (offshore wind and solar panels) underwriting premiums grew by 96%.
    • In 2023, the market share of Agricultural Insurance was 28.72%.
    • In 2023, renewable energy was introduced to our business sites.
    • In 2023, electricity expenditure was reduced by 9% compared to the same period.
    • In 2023, the GHG Inventory Organization boundary was expanded to include the entire company.
    • Became a Green Partner in response to the activities of the Green Office of the Ministry of the Environment.
    • Created the first intelligent claims service, “Agricultural Insurance Claims Express”.

Social

  • 2023
  • 2022
    • The first “MSIG Mingtai Delivery Personnel Third Party Liability Insurance” insurance product in Taiwan.
    • Participated in the Ministry of Transportation and Communications (MOTC) Shared Rural Transportation Program for two consecutive years and was recognized by the MOTC.
    • For three consecutive years, we organized “School Disaster Prevention and Safety Education Promotion Courses” in elementary and junior high schools, with a cumulative total of 45 courses.
    • For five consecutive years, the service of “Public Accident Liability Insurance for Schools and Educational Insurance Service Organizations below the National Higher Secondary School Level” has been undertaken by MSIG Mingtai.
    • We went to elementary schools in various countries and conducted “School Disaster Prevention and Safety Education Program” for elementary school students.
    • The first property insurer in the industry to launch an athlete-specific insurance product.
    • The “Counter Sign Language Interpretation” service to customers by appointment has been provided.

Corporate Governance

  • 2023
  • 2022
    • In 2024, MSIG Mingtai was rated "twAAA" by Taiwan Rating, which is the highest level in Taiwan's property and casualty insurance industry.
    • In 2024, MSIG Mingtai was rated "A" by S&P Rating, which meets the international standard.
    • In 2024, we passed the information security management system ISO 27001 : 2022 conversion validation operation.
    • In 2024, the Personal Information Management System standard BS10012 : 2017 PIMS Revalidation Validation Operation was passed.
    • The “MSIG Mingtai Sustainable Financial Development Indicators" were developed in accordance with the Climate-related Financial Disclosure Framework (TCFD).
    • First property insurer to have its PIMS Personal Information Management System certified to BS 10012:2017 Personal Information Management System.

Awards and Honors

Winner of the 4th TSAA Taiwan Sustainable Action Award 2024 “SDG 10 Eliminating Inequality” - Silver Award.
Winner of the 4th TSAA Taiwan Sustainable Action Award 2024 “SDG 4 Quality Education " - Bronze Award.
In 2023, the company was awarded the “Taiwan Insurance Excellence Award” with two gold awards: the “Gold Quality Award for Excellence in Policyholder Service” and the “Gold Quality Award for Excellence in Talent Training Program Planning”.
Awarded 4 times in 5 years by the FSC for the highest honor of “Excellent Performance in Fairness to Customers Principle Assessment”.
Won the “Insurance Quality Award”, “Best Image Award” and “Most Recommended Award” for five consecutive years.
Won the “Insurance Prestige Love Award - Best Product Innovation Award” (Beekeeping Industry Insurance (Temperature and Precipitation Parameter Type)) in 2023.
In 2023, we have been awarded the highest rating of “twAAA” of Taiwan Ratings consecutively.
Winner of the 112th Annual Microinsurance Competition “Caring for the Physically and Mentally Handicapped Award”.
Won the Taiwan Corporate Sustainability Award (TCSA) for three consecutive years in the Sustainability Reporting category.
2022 The industry's only winner of the “Best Corporate Employer in Asia” award by HR Asia.