It will incentivise sale and back overseas investments, an analyst said.
The proposed higher ceiling on Taiwanese life insurers’ foreign currency-denominated policies will incentivise the sale of such products, according to a Moody’s Investors Service comment.
The country’s Financial Supervisory Commission has proposed to hike the ceiling from 35% to 40%.
Moody’s analyst Kelvin Kwok said the move will back insurers’ overseas investments and will help reduce insurers’ asset-liability currency mismatch.
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