Reported 8 months ago
In June 17, 2024, our country is aligning with IFRS 17, which has been a concern for large life insurance companies who are actively preparing for it. Nan Shan Life Chairman Wei Baosheng expressed during PwC Taiwan's '2024 Taiwan Financial Industry Enterprise Leaders In-Depth Interview Special Edition' that the alignment with IFRS 17 in 2026 is a rare opportunity for the domestic life insurance industry and that foreign investors have confident expectations for its future development. He also emphasized the need to prepare for exchange rate risks in light of the increase in funds allocated for overseas investments.
Source: YAHOO