Taiwan Reinsured Its Technological Industries
OREANDA-NEWS. June 08, 2012. Eurasia Insurance Company JSC participates in the reinsurance programme for Taiwanese major high-tech producers– Unimicron Technology Corp., Advance Materials Corp., Onstatic Technology Co., Uniflex Technology Inc.,-the press service of the company informed, Total.kz reported.
Unimicron is a Taiwanese producer of circuit boards. The company’s products include rigid printed circuit boards, flexible printed circuit boards, and IC carriers. Product applications include cell phones, portable music devices, GPS systems, memory cards, camcorders, optical storage LCD displays, game consoles, power management and graphic processors.
Under the reinsurance contract property damage including machinery breakdown and business interruption are covered. The limit of liability is limited to TWD2.7bn for each insured event.