Fitch said policy surrender rates for KGI Life, Fubon Life, Nan Shan Life, Taiwan Life, and Cathay Life have remained stable, and that the insurers have taken steps to address currency risk.
Taiwan’s leading life insurers suffered their biggest loss in 18 months in April, ahead of a further Taiwan dollar rise in May, which has heightened focus on their currency risk management.
Fitch's peer review ranked Taiwan's largest life insurer based on its large operating scales, diversified product lineup, and wide distribution network.
