Taiwan

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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.