The digital COVID-19 certificate system is to be updated today to include the bearer’s national ID number, the Central Epidemic Command Center (CECC) announced yesterday amid concerns voiced by insurance companies that the system lacks a feature to prove identity.
The digital certificate, which became available in Taiwan on Jan. 1, serves as proof of vaccination and COVID-19 test results.
The Financial Supervisory Commission (FSC) over the weekend asked insurers to allow digital certificates to be used for claims in lieu of diagnosis certificates issued by hospitals, drawing backlash from insurers over the authenticity of information provided by those who file claims, among other concerns.
Photo: CNA
Centers for Disease Control Deputy Director-General Chuang Jen-hsiang (莊人祥), who is the CECC’s spokesman, said yesterday the update to the system is to take effect this morning at 8am to include national ID numbers.
FSC Chairman Thomas Huang (黃天牧) yesterday held another meeting with local insurers to address their criticism of the commission’s suggestion that policyholders use digital certificates for COVID-19 insurance claims. However, the meeting yielded no conclusion as of 8pm last night.
Insurers were most concerned that the digital certificates still do not show the doctors’ information, which they regard as necessary to curb fraud, despite the inclusion of national ID numbers.
The certificate only specifies which agency conducted the tests, but insurers said that the terms of their policies require the name of the doctor who gave the diagnosis, so that insurers could resolve disputes directly with the physician.
Honoring policies would be difficult without this information, they said.
Additional reporting by Kao Shih-ching
AI BOOST: Although Taiwan’s reliance on Chinese rare earth elements is limited, it could face indirect impacts from supply issues and price volatility, an economist said DBS Bank Ltd (星展銀行) has sharply raised its forecast for Taiwan’s economic growth this year to 5.6 percent, citing stronger-than-expected exports and investment linked to artificial intelligence (AI), as it said that the current momentum could peak soon. The acceleration of the global AI race has fueled a surge in Taiwan’s AI-related capital spending and exports of information and communications technology (ICT) products, which have been key drivers of growth this year. “We have revised our GDP forecast for Taiwan upward to 5.6 percent from 4 percent, an upgrade that mainly reflects stronger-than-expected AI-related exports and investment in the third
Mercuries Life Insurance Co (三商美邦人壽) shares surged to a seven-month high this week after local media reported that E.Sun Financial Holding Co (玉山金控) had outbid CTBC Financial Holding Co (中信金控) in the financially strained insurer’s ongoing sale process. Shares of the mid-sized life insurer climbed 5.8 percent this week to NT$6.72, extending a nearly 18 percent rally over the past month, as investors bet on the likelihood of an impending takeover. The final round of bidding closed on Thursday, marking a critical step in the 32-year-old insurer’s search for a buyer after years of struggling to meet capital adequacy requirements. Local media reports
TECHNOLOGICAL RIVALRY: The artificial intelligence chip competition among multiple players would likely intensify over the next two years, a Quanta official said Quanta Computer Inc (廣達), which makes servers and laptops on a contract basis, yesterday said its shipments of artificial intelligence (AI) servers powered by Nvidia Corp’s GB300 chips have increased steadily since last month, should surpass those of the GB200 models this quarter. The production of GB300 servers has gone much more smoothly than that of the GB200, with shipments projected to increase sharply next month, Quanta executive vice president Mike Yang (楊麒令) said on the sidelines of a technology forum in Taipei. While orders for GB200 servers gradually decrease, the production transition between the two server models has been
ASE Technology Holding Co (日月光投控), the world’s largest integrated circuit (IC) packaging and testing supplier, yesterday announced a strategic collaboration with Analog Devices Inc (ADI), coupled with the signing of a binding memorandum of understanding. Under the agreement, ASE intends to purchase 100 percent shares of Analog Devices Sdn Bhd and acquire its manufacturing facility in Penang, Malaysia, a press release showed. The ADI Penang facility is located in the prime industrial hub of Bayan Lepas, with an area of over 680,000 square feet, it said. In addition, the two sides intend to enter into a long-term supply agreement for ASE to