Cathay Life readies portfolio for looming solvency rules
Taiwan's biggest insurer braces for challenges as it increases its exposure to foreign bonds and dividend-yielding stocks ahead of the upcoming new capital regime.
Cathay Life, like other insurers in Taiwan and elsewhere in Asia, is moving to change its asset allocation and build stronger capital positions in light of forthcoming solvency rules aimed at aligning local practices with international standards.
The country's Insurance Capital Standard 2 aims to strengthen insurers’ solvency, or the ability to pay their debts, by better reflecting the risks of their investments and insurance businesses. It will come into effect in 2026.
ICS 2 i…
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