Reported 12 months ago
In the battle for cash, three major life insurance companies in Taiwan have raised the US dollar policy rate in July, with Taiwan Life pushing it up to 4.1%, surpassing the market's previous high of 4.05%. The Federal Reserve's delay in rate cuts and relatively high yields on 10-year US Treasury bonds have contributed to the trend. By increasing the policy rate, insurers aim to boost premium income and mitigate cash flow pressures. Competitive adjustments have resulted in most insurers offering US dollar policy rates above 4% after a fierce battle from May to July.
Source: YAHOO