Country Profile: Taiwan - FSC: Dealing with the hot issues
Source: Asia Insurance Review | Nov 2010
2010 has been an eventful year for Taiwan’s Financial Supervisory Commission (FSC) so far. It has been kept busy seeking suitors for insolvent Kuo Hua Life, while rejecting bidders for AIG’s Nan Shan Life and MetLife. It has revised investment rules following the inking of a trade pact with China, allowing Taiwan’s insurers to now invest in mainland stocks. FSC is also continuing to ensure proper market conduct by revising regulations on insurance intermediaries, and pushing for insurers to improve their operations of the Compulsory Automobile Liability Insurance (CALI) system. In an interview with them, we check on the latest on the island and the upcoming regulations.
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