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The Life Insurance Industry Has Struggled to Resolve Its 2 Trillion Yuan in Foreign Exchange Losses over the Past 10 Years. the Financial Supervisory Commission Will Propose a Solution by the End of the Year.
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The life insurance industry has long been impacted by exchange rate fluctuations, with hedging costs remaining high. Financial Supervisory Commission Chairman Peng Jinlong noted on the 13th that while the industry has invested approximately NT$2 trillion in hedging over the past decade, this has proven ineffective in addressing exchange rate fluctuations, highlighting a mismatch between the current system and the nature of the risks involved. Th…
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