BestWeek Asia-Pacific: Niche Retirement, Wealth Markets Beckon for Taiwan’s Life Insurers

  BestWeek Asia-Pacific: Niche Retirement, Wealth Markets Beckon for Taiwan’s
  Life Insurers

Business Wire

HONG KONG -- February 11, 2013

Niche markets in retirement and wealth management will be the next domestic
growth engines for Taiwan’s life insurers, who will also need to learn from
their European counterparts how to balance risk and capital management,
according to an article in the latest BestWeek Asia-Pacific.

Taiwan’s life insurance market has been sluggish since 2008 as the global
financial crisis triggering capital adequacy and solvency concerns among
foreign players, which eventually pulled out. This also created an aftermath
“negative spread” problem among western insurers who gave up their local
businesses, such as U.K.’s Prudential plc, Netherlands-based Aegon and ING
Group, and U.S.-based MassMutual, said Paul Melody, head of life insurance
consulting at Towers Watson in Greater China, in an interview.

But like China, there are opportunities in the savings and retirement sectors
along with an expanding aging population, Melody said.

BestWeek Asia-Pacific also features the final in a series on takaful
regulation in the Gulf Cooperation Council and how policyholder protection is
a key aspect in considering takaful companies.

The Feb. 12 edition is available at and

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