Taiwan

It includes a $88,000 basic coverage in carrier's liability from Cathay Century Insurance.

It will incentivise sale and back overseas investments, an analyst said.

The buoyant stock market drove the growth.

The regulator has also pushed for changes in product mix.

The country's financial regulator has yet to approve the deal.

The segment will likely prioritise foreign currency over the local dollar.

The sector is plagued by export and motor business downfalls.

The sector heavily depends on spread gains which are sensitive to volatility.

‘Allie’ can answer customer inquiries and allow cross platform operations.

Taiwan life insurers expect continued demand for their savings-type products over the next 12-18 months, thanks to a high a high national saving rate of 34% of GDP in 2016, according to Moody’s. However, whilst continuing savings-type product growth will sustain the industry’s topline and profit momentum, Moody’s noted that this growth is credit negative as it reflects the industry’s slow progress in expanding its protection-type products.