Insurance pricing to rise amid tightening of reserve requirements
Posted On: Nov. 16, 2016 5:00 AM CSTTightening of reserve requirements in Taiwan is expected to result in a rise in the cost of insurance policies by as much as 20% from Jan. 1, 2017, Asia Insurance Review reports citing Taipei Times. Shih Chiung-hwa, insurance bureau deputy directory-general of the Financial Supervisory Commission of Taiwan, said that due to the lower interest rates, insurers would have to allocate more funds to their reserves to meet the FSC requirements, leading to higher costs in underwriting insurance products.