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Three Taiwanese life insurers receive warning from FSC over financial health


The Financial Supervisory Commission (FSC) has expressed concerns over the financial health of three Taiwanese life insurance companies after analyzing their six-month financial statements. The FSC plans to send warning letters to Shin Kong Life Insurance Co, Mercuries Life Insurance Co, and Hontai Life Insurance Co for not maintaining their risk-based capital above the mandated 200%. The insurance regulations also mandate life insurers to sustain a net worth of over 3% in at least one of the past two evaluations. Insurers failing to meet these conditions are required to implement corrective actions. Shin Kong Life narrowly missed the first requirement, while Mercuries Life and Hontai Life did not meet either requirement.

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