Taiwanese insurers: towards an enhanced solvency regime

fsc taiwanThe Financial Supervisory Commission (FSC) intends to improve the solvency regime for Taiwanese insurers over the next five years. It recommends that insurance companies adapt their insurance policies and investment strategies to the new international solvency standards.

The FSC stated that the new regime will be stricter than the old one. Insurers would be required to measure their assets and liabilities at fair value every six months. The Taiwanese regulator also urges the operators to reduce dividends and raise funds to comply with the new funding requirements of the new regime.

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