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Taiwanese insurers gain from higher limit on foreign currency policies
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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