On April 25-28, 2016, the CISFC mission visited Taiwan Insurance Institute (TII), the Insurance Safety Fund (ISF), Fubon Property and Fubon Life, and held an exchange about the practices of risk resolution involving problem insurance companies in Taiwan in the context of low interest rate.
 
During the survey, CISFC mainly surveyed the experience Taiwan Region has gained from the risk resolution involving two problem (Kuo HuaGuohua Life Insurance and Walsun InsuranceHuashan Property), and surveyed the local life insurance industry in respect of current status, major product & feature, potential risk point and investment situation in the context of low interest rate. On this basis, the CISFC mission held an exchange in depth with the hosts about Walsun InsuranceHuashan Property, including bankruptcy background, risk source, takeover practice and sales experience, and Kuo HuaGuohua Life Insurance, including risk cause, exit mechanism, other resolution background and practical experience.
 
The survey is of great significance to instruct the future upgrade and perfection of CISFC’s risk resolution in future. Next step, CISFC will sort up out relevant data systematically and in earnest and pave the way to further cement the takeover foundation for the insurance industry, improve the takeover efficiency and strengthen the takeover professional reserve.

CISFC Delegation Visiting Taiwan Insurance Institute