, Taiwan
Photo by Oleg Laptev from Unsplash

Taiwan’s Insurance Bureau calls for China investment risk report

The regulator urged life insurers to report back risks related to the growing instability of China’s financial market.

Taiwan’s Insurance Bureau, a division of the Financial Supervisory Commission (FSC), has called on life insurance companies to swiftly provide reports on their present statuses and evaluate risks linked to the escalating instability in China's financial markets, reported by Bloomberg.

READ MORE: Taiwan Regulator Seeks Urgent Feedback on China Investment Risk

According to sources familiar with the situation cited by Bloomberg, the Insurance Bureau set a deadline for life insurers to respond, urging them to furnish analyses and possible strategies in response to potential consequences for their investments in mainland China. 

ALSO READ: Lloyd’s of London trump insurers in rate hikes, Taiwan concerns linger

The sources, who wished to remain anonymous due to the confidentiality of the information, also revealed that the companies were instructed to gauge the market repercussions of the recent credit rating downgrade of the United States.

 

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.