The FSC plans to ease restrictions on overseas subsidiary investments and capital support, to stimulate global expansion from domestic financial companies.
ASIC made the stop order to protect consumers from acquiring life insurance that may not be suitable for their objectives, financial situation, or needs.
A McKinsey reports suggests the region is in the midst of a digital revolution and that embedded insurance could experience significant growth and venture capital investment.
Fitch's peer review ranked Taiwan's largest life insurer based on its large operating scales, diversified product lineup, and wide distribution network.
