- Peng Jin-lung, who runs Taiwan’s financial regulator, is challenging a decades-old investment model used by the island’s life insurers.
- Taiwan’s life insurers hold about $1.2 trillion in industry assets, making any shift in currency exposure material for local insurance capital flows.
- The regulator’s initiative follows losses of billions of dollars across the sector within days when Taiwan’s currency strengthened last year.
Quotes
“Peng wants to wean Taiwan’s insurers off their dependence on US dollar assets”