Taiwan insurers set to lift offshore investments after rule change

Taiwan insurers are set to add to their offshore investments following a potential change in rules to lift their overseas investment cap by allowing them to sell more foreign-currency denominated policies. An increase in such policies would allow them to hedge foreign exchange risks, obtain higher yields and enhance their asset-liability management, experts said. Shih Chiung-hwa, FSC Taiwan insurers are only allowed to invest 65.25% of their investable assets overseas, but…