Taiwan Insurers Seek $2.9 Billion Relief With Accounting Change
Taiwan’s life insurers proposed changes to accounting rules that will cut annual hedging costs by NT$90 billion ($2.9 billion) and provide relief for excessive currency swings, according to a statement...
By Betty Hou, Chien-Hua Wan · Bloomberg Markets
Taiwan’s life insurers proposed changes to accounting rules that will cut annual hedging costs by NT$90 billion ($2.9 billion) and provide relief for excessive currency swings, according to a statement from an industry group.