Growth prospects for Taiwan's life insurance sector remain good - Fitch |
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Published
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Tue, 20 Nov 2007 06:36
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BANGALORE (Thomson Financial) - Fitch Ratings said the long-term growth prospects for Taiwan's life insurance sector remain good adding that its short-term business outlook will be driven by cyclical factors, like interest rates and equity prices.The ratings agency said it believes that Taiwan's ageing population, increased need for wealth management and tax incentives will continue to stimulate the demand for life insurance.Fitch said the popularity of the mid-margin variable universal life product is expected to be beneficial to the sector's intrinsic profitability, while lowering the pressure to pursue yield enhancement.It said the sector's foreign currency exposure creates a long-term asset-liability mismatch, which requires a more sophisticated risk management framework to properly manage. The sector's overseas assets account for more than 30 pct of its total investments.TFN.newsdesk@thomson.comash/manCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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