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Jul 2020

Asian News - Taiwan: Rules loosened for insurers' investments in public construction projects

Source: Asia Insurance Review | Jan 2016

Investment limits in public construction projects are set to be raised from NT$500 million (US$15.2 million) to NT$5 billion for insurers, under changes to be effected this year by the Financial Supervisory Commission (FSC).
   In amending the Regulations Governing Use of Insurers’ Funds in Special Projects, Public Utilities and Social Welfare Enterprises, the FSC will allow eligible insurers to submit their investment applications after they are made, instead of before, reported the Taipei Times.
   Up to 17 life insurance firms and eight non-life insurance firms will benefit from the new measures. Up to 30 September 2015, insurers had invested NT$150.5 billion in public construction projects.
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