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Nov 2019

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Taiwan: Regulator monitors insurance sector's exposure to China and the US

Source: Asia Insurance Review | Jun 2019

The exposure of the Taiwanese insurance sector to China and the US has exceeded NT$268trn ($8.6bn), prompting the Financial Supervisory Commission (FSC) to watch more carefully the rising trade tension between the two countries. 
 
On 10 May, the US administration increased tariffs on $200bn of Chinese imports to 25% from 10%. In response, China has said it will take retaliatory action with effect from 1 June.
 
Data compiled by the FSC shows that exposure of the local insurance industry to the US already hit NT$6.43trn at the end of the first quarter of this year, reported Central News Agency. Meanwhile, exposure of the insurance sector to China stood at NT$262.2bn. This means a combined exposure of NT$268.63trn ($8.6bn). A 
 
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