Taiwan: Regulator to help insurers in Asian expansions

The Financial Supervisory Commission of Taiwan has said it will help the country's insurers in their efforts to expand into other Asian countries by relaxing some regulatory obstacles, reported Asia Insurance Review.

It said the current risk-based capital requirement of 59-67% for insurers in overseas mergers and acquisitions would be reduced to 20-25%. The step would make available more than $100 billion Taiwanese ($3.3 billion) in capital for mergers and acquisitions.

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