Taiwan's accounting reforms have triggered a sharp retreat from currency forwards, with six major life insurers halving their combined positions in just two months.
The French insurer's decision to wind down its Taiwan branch comes following five years of losses, a failure to scale its business, despite capital support from its parent.
Most regional holdings are investment-grade, with roughly 98% rated ‘A’ or higher, helping limit potential credit risks despite market volatility linked to the ongoing conflict.
Korea led the region’s softening with a 17% composite rate drop, while Taiwan and Hong Kong SAR also posted double-digit declines, according to Marsh data.
