Insurers across China, Taiwan and South Korea are bolstering capital buffers and refining investment strategies as low rates and volatility strain traditional earnings models.
The move extends the Insurance Authority's remuneration framework to the bancassurance channel, requiring banks to spread the bulk of their commissions over at least five years.
With alternative investment yields fading and bond returns under pressure, insurers are reshaping portfolios and leaning on capital markets, increasing vulnerability to earnings shocks.
The proposed code would introduce contractually enforceable obligations, automatic acceptance of certain claims after 12 months, and expanded protections for vulnerable customers.
