Taiwan's insurance industry has the world's highest proportion of investments placed overseas, according to the Financial Securities Commission (FSC).
The scale of overseas investments of the Taiwanese life insurance industry stands at NT$16.7trn ($542bn), accounting for 68% of the total funds, which makes the life insurance industry face strong foreign exchange pressures.
Mr Wellington Koo, FSC chairman said that the regulator will study the overseas investment rules of the insurance industries of other countries, reported United Daily News.
Mr Koo said that the ceiling on overseas investments by the insurance sectors of the US and South Korea is 20%, and China and Malaysia, 10%.
Mr Kuo Jeng-Liang, a lawmaker, pointed out that the proportion of overseas investments of Japan’s life insurance industry is 21.6%. The ratio in South Korea is 8.3%; mainland China, 2%; and the US, 12%.
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