Reported 8 months ago
In an effort to turn around performance this year, the life insurance industry in Taiwan aims to surpass last year's new contract premiums of 671.4 billion NTD by selling a total exceeding 7,000 billion NTD. With the delay in the Fed's interest rate cut, insurers are pushing for cash-value premiums and transitioning actively by promoting protection, investment-oriented, and relatively conservative variable life insurance policies. The industry is adapting to market demands and potential interest rate adjustments while recording double-digit growth with new premiums reaching 306.3 billion NTD in the first five months of the year, up by 12% from the same period last year.
Source: YAHOO