The CBIRC has released the long-awaited "Interim Measures for the Management of Insurance Asset Management Products" that will take effect on 1 May.
Life insurers and regulators have to think creatively of ways long-term money can ride out a crisis that by its nature will be relatively short-term, says Mr Brad W Setser, a senior fellow for international economics at the think tank Council on Foreign Relations.
Worsening operating conditions and still-high asset risk increase the headwinds for Taiwan life insurers aiming to shore up capital buffers. But the adoption of more rigid capital policies and slower asset growth should partly offset downward pressure on capitalisation over the coming year, says Taiwan Ratings Corp.
The exposure of Taiwan's banking, insurance, securities and futures sectors to the EU totalled NT$4.9tn ($162bn) at the end of January, and the situation must be monitored amid the COVID-19 pandemic, the Financial Supervisory Commission (FSC) has said.
Lloyd's of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus. This would help the insurance market understand its possible overall losses from the impact of the pandemic.
Japanese life giant, Nippon Life, has suspended sales of some foreign currency-denominated insurance plans.
Many insurers are currently selling off their real estate properties to raise funds to meet new capital requirements which have to be complied with by 31 December 2020.
Several insurers and pension funds have been hit by the financial problems at Yes Bank.
Anbang Insurance Group's sale of a $5.8bn portfolio of US luxury hotels to South Korea's Mirae Asset Global Investments is at risk of collapsing, reported Bloomberg citing people with knowledge of the matter.
A new regulation for Taiwanese life insurers' investment-linked policies became effective on 1 March, barring target maturity bond funds linked to these policies from investing in bonds rated below Baa1 from Moody's or equivalent ratings from other rating agencies.