Taiwan News
Date: 2018/10/24
By:  Central News Agency

A wind farm (Photo by CNA)

Insurers in Taiwan seem eager to invest in the “5 plus 2” industries being promoted by the government, having poured about NT$100 billion (US$3.23 billion) into those sectors in a recent four-month period, the Financial Supervisory Commission (FSC) said.

Taiwanese insurance companies, which are looking for viable investment targets for their idle funds, invested NT$127.24 billion in those sectors between September 2017 and August 2018, according to data from the FSC, Taiwan’s top financial regulator.

Of that amount, more than NT$100 billion was invested from May to August 2018, the data showed.

The FSC did not provide more detailed figures on the types of investments made or what drove the surge during those four months other than to say that it showed insurers’ interest in investing in those sectors.    [FULL  STORY]