Taiwan's Non-Life Insurance Premiums Continue to Rise Amid Underwriting Improvements.

Taiwan's domestic non-life insurance premiums rose 10.5% to TWD 278.5 billion ($9.2 billion) in 2024, driven by motor insurance growth. The combined gross written premiums of eight rated non-life insurers increased 10.6% to TWD 192.8 billion. Insurers have implemented stricter underwriting guidelines and risk advisory services to improve profitability.

MoneyHero Limited, a leading personal finance aggregation and comparison platform, and digital insurance brokerage provider in Greater Southeast Asia, has announced its financial results for the first quarter ended March 31, 2025. The company reported an improved financial performance, with an adjusted EBITDA loss of $3.3 million, a 49% reduction year-over-year [1].

The company's revenue from high-margin segments, such as insurance and wealth management, now represents 25% of total revenue, up 11 percentage points from the previous year. Additionally, the cost of revenue fell by 55% to 44% of total revenue, down 20 points year-over-year. The net loss significantly decreased from $13.1 million to $2.4 million, indicating effective cost management and strategic focus on enhancing revenue quality [1].

With a cash position of $36.6 million and no debt, MoneyHero aims to grow its banking partnerships and scale its operations, anticipating a shift towards positive adjusted EBITDA later in 2025. The company also noted a 38% increase in its member base, reaching over 8 million [1].

However, revenue declined by 35% year-over-year to $14.3 million, indicating a significant decrease in business activity during the quarter. Despite the improvements in Adjusted EBITDA loss, the company is still reporting losses, which may raise concerns about its path to profitability. The adoption of Google Analytics 4 has led to a lack of comparable historical data for key metrics, complicating performance analysis and potentially impacting investor confidence [1].

MoneyHero's strategic pivot towards higher-margin segments and operational efficiency gains are evident in the quarter's results. The company's focus on enhancing revenue quality and disciplined execution is positioning it for long-term growth and profitability.

References:
[1] https://www.nasdaq.com/articles/moneyhero-limited-reports-significant-improvement-q1-2025-financial-performance-and