Reported 9 months ago
Legislator proposed an amendment to the Insurance Act on June 28, 2024, to reduce the current 45% limit on life insurance industry's overseas investments to 25%. FSC strongly opposes the change, marking the first challenge for FSC Chairman Peng Chin-lung to make a statement on overseas investments. The amendment is to redirect insurance funds back to Taiwan to boost industries, create job opportunities, and raise salaries. While legislators believe that outward flow of life insurance funds can lead to economic decline and stagnant real wages, FSC emphasizes the need to maintain the current regulations and encourages investments in domestic projects and strategic industries.
Source: YAHOO