OREANDA-NEWS. July 18, 2012. Eurasia Insurance Company is participating in the reinsurance programme of the leading TFT LCD manufacturer – AU Optronics (AUO), - the press service of the company reported.

Under a reinsurance contract, property damage, including machinery breakdown and business interruption are covered.

Insurance amount is limited to TWD 5bn for each insured event, - stated in the message.

TFT is a variant of liquid crystal display which uses thin-film transistor (TFT) technology to improve image quality. TFT LCDs are used in television sets, computer monitors, mobile phones, handheld video game systems, personal digital assistants, navigation systems and projectors.

AU Optronics was formed in December 2001 by the merger of Acer Display Technology and Unipac Optoelectronics Corporation by BenQ Electronics. AUO has continuously developed new products with advanced technologies such as 3D, touch pane, solar technology to bring consumers more convenient usages and more vivid experiences.