Taiwan compels life insurers to offer longer-dated products
September ban on variable life insurance products intended to lengthen asset portfolio as part of a wider reform attempt by island's regulators
On September 15, Taiwan regulators banned life insurers from selling short-dated variable life insurance products as part of an ongoing move to steer the sector to invest more capital in long-dated assets, according to market participants.
There has been strong demand for variable life insurance in Taiwan this year, with the product registering sales of 251.6 billion Taiwan dollars ($8.3 billion) for the first seven months of 2014. This represents a 126% increase on sales in the same period of
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