News Life and Health18 Jun 2024

Taiwan:Life insurers navigate major industry developments

| 18 Jun 2024

The life insurance market in Taiwan is navigating several developments including the adoption of localised Insurance Capital Standards (TW-ICS) and International Financial Reporting Standard 17 (IFRS17) in 2016, and the pressure to raise additional capital of around NT$100bn ($3.1bn) to meet solvency rules.

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