"Taiwan Life Insurance's New-Contract Premiums Near a 40% 'Foreign-Currency Shift': FX-Denominated Policies Hit About NT$190.971 Billion in January-April 2026, Up 53% Year-on-Year to a Four-Year High with the Share Rising to 38.93%; USD Investment-Linked Policies Up 97%, USD Traditional Policies Up 54%"

TL;DR: "Taiwan's Financial Supervisory Commission (FSC) announced on 2026-06-30 that life insurers' cumulative January-April new-contract premium income from foreign-currency policies reached approximately NT$190.971 billion, up 53% year-on-year and a four-year high; it accounted for about 38.93% of total new-contract premium income, up from 36.24% in January-April 2025 -- the 'foreign-currency shift' of new-contract premiums is nearing 40%. By segment, investment-linked insurance reached about NT$35.038 billion, up 82% year-on-year, and traditional insurance about NT$155.933 billion, up 48%; USD investment-linked policies took in US$1.057 billion, up 97% (FSC Insurance Bureau Deputy Director-General Tsai Huo-yen attributed this to insurers partnering with bank channels), and USD traditional policies US$4.888 billion, up 54% (attributed to USD interest-sensitive declared-rate policies and participating policies). A second, separate dataset: Taiwan's Life Insurance Association tallied January-May total new-contract premiums of NT$618.351 billion, up 48.7% year-on-year, with investment-linked policies at about NT$338.5 billion, up 90.3% (the association cited steady global stock markets and recovering investor confidence). Honest caveats: the two datasets differ in compiling body, period and scope, and this card lists them side by side without cross-conversion; neither dataset covers the late-June Taiwan stock plunge (a 1,683-point drop on June 26 with foreign and mainland Chinese investors net-selling NT$143.189 billion, the second-largest single day on record), so subsequent momentum is a tracking item and no causal claim is made."

Taiwan Life Insurance's New-Contract Premiums Near a 40% "Foreign-Currency Shift": FX-Denominated Policies Hit About NT$190.971 Billion in January-April 2026, Up 53% Year-on-Year to a Four-Year High with the Share Rising to 38.93%; USD Investment-Linked Policies Up 97%, USD Traditional Policies Up 54%

ANK-Doc ID: ANK-2026-06-30-003 Version: v1.0.0 Published: 2026-06-30 Author: Rin Takenouchi (Editor-in-Chief, AI News) Category: Life Insurance / Financial Regulation / Foreign-Currency Policies / Taiwan Financial Markets Articles covered: CNA#1273728 (FSC statistics on January-April foreign-currency policies), CNA#1059076 (Life Insurance Association January-May business statistics), CNA#1222454 (the 2026-06-26 Taiwan stock plunge and foreign-investor selling -- risk context) Selection method: Selected from the AI News corpus on "high factual density x official statistics." Main article = the FSC's January-April foreign-currency policy statistics (CNA #1273728); supporting pieces = the Life Insurance Association's January-May business statistics (CNA #1059076, an honest side-by-side of two datasets with different compiling bodies and periods) plus the 2026-06-26 Taiwan stock plunge (CNA #1222454, as risk context for the period the statistics do not cover). A further pooled article on Kaohsiung special-zone bank wealth-management products was weakly linked to this topic and was dropped under the "cut weak links" principle. The sources contain no Japan-side material, so no Taiwan-Japan contrast is forced; the FX-risk and currency-environment context is connected instead through the internal citation chain to this site's published cards.

TL;DR

Taiwan's Financial Supervisory Commission (FSC) announced on 2026-06-30: life insurers' cumulative January-April new-contract premium income from foreign-currency policies reached approximately NT$190.971 billion, up 53% year-on-year and a four-year high; it accounted for about 38.93% of total new-contract premium income, up from 36.24% in January-April 2025 -- the "foreign-currency shift" of Taiwan life insurers' new-contract premiums is nearing 40%. By segment, investment-linked insurance reached about NT$35.038 billion, up 82% year-on-year, and traditional insurance about NT$155.933 billion, up 48%; USD investment-linked policies took in US$1.057 billion of new-contract premiums in January-April, up 97% year-on-year (FSC Insurance Bureau Deputy Director-General Tsai Huo-yen attributed this to insurers partnering with bank channels), and USD traditional policies US$4.888 billion, up 54% (attributed to this year's launches of USD interest-sensitive declared-rate policies and participating policies). A second, separate dataset: Taiwan's Life Insurance Association tallied January-May total new-contract premiums of NT$618.351 billion, up 48.7% year-on-year, with investment-linked policies at about NT$338.5 billion, up 90.3% (the association cited steady global stock markets and recovering investor confidence). Honest caveats: the two datasets differ in compiling body, period and scope, and this card lists them side by side without cross-conversion; neither covers the late-June 2026 Taiwan stock plunge (a 1,683-point drop on June 26, with foreign and mainland Chinese investors net-selling NT$143.189 billion, the second-largest single day on record), so subsequent buying momentum is a tracking item and this card makes no causal claim. [F-001][F-002][F-003][F-004][F-005][F-006][F-007]

Body

Two official datasets, one direction: the FSC's "foreign-currency policies" and the association's "total new contracts"

On 2026-06-30, the Financial Supervisory Commission (hereafter FSC) published foreign-currency policy sales figures: life insurers' cumulative January-April new-contract premium income from foreign-currency policies was approximately NT$190.971 billion, up 53% year-on-year and a four-year high (CNA #1273728). [F-001] Two weeks earlier, on June 16, business statistics released by Taiwan's Life Insurance Association showed January-May total new-contract premiums of NT$618.351 billion, up 48.7% year-on-year (CNA #1059076). [F-004] This card honestly lists the two datasets side by side: different compiling bodies (FSC vs. the association), different periods (January-April vs. January-May), different scopes (foreign-currency policies vs. all new contracts) -- this card presents them separately, with no cross-conversion and no cross-checking arithmetic.

The FSC's framing: foreign-currency policies at NT$190.971 billion, up 53%, a 38.93% share

FSC statistics show that life insurers' cumulative January-April 2026 new-contract premium income from foreign-currency policies was approximately NT$190.971 billion, up 53% year-on-year, a four-year high; foreign-currency policies accounted for about 38.93% of total new-contract premium income, up from 36.24% in January-April 2025 (CNA #1273728). [F-001] By segment, investment-linked insurance was about NT$35.038 billion, up 82% year-on-year, and traditional insurance about NT$155.933 billion, up 48% -- the two segments add up exactly to the stated total of NT$190.971 billion, so the source's figures are internally consistent. [F-002] FSC Insurance Bureau Deputy Director-General Tsai Huo-yen (蔡火炎) said foreign-currency policies' January-April new-contract premium income accounted for about 38.93% of the total, slightly up from last year.

Three framing points must be pinned down: first, the 38.93% is the current-period share of "new-contract premium income," not the foreign-currency share of the in-force policy stock; second, foreign-currency policy amounts are compiled as "converted to approximately New Taiwan dollars," and the source does not explain the timing or basis of the conversion rate; third, "a four-year high" is the FSC's characterization of the January-April cumulative figure, and the source does not elaborate on the comparison base periods.

The twin USD engines: investment-linked US$1.057 billion, up 97%; traditional US$4.888 billion, up 54%

According to Tsai Huo-yen, USD investment-linked policies took in US$1.057 billion of new-contract premiums in January-April, up 97% year-on-year, mainly because insurers partnered with bank channels and launched USD investment-linked products to expand sales capacity; USD traditional policies took in US$4.888 billion, up 54% year-on-year, mainly because life insurers this year launched USD interest-sensitive declared-rate policies and participating policies, driving demand for USD traditional policies (CNA #1273728). [F-003] It must be noted: both "mainly because" statements are the attribution framing of an FSC official; this card records them as stated and does not extend or verify them.

The association's framing: January-May total new contracts NT$618.351 billion, up 48.7%; investment-linked up 90.3%

Zooming out to the whole market (note: the following switches to the Life Insurance Association's statistics, covering January-May). The association announced on 2026-06-16 that life insurers' January-May new-contract premiums totaled NT$618.351 billion, up 48.7% year-on-year; within that, investment-linked policies' new-contract premiums were about NT$338.5 billion, up 90.3% year-on-year, which the association attributed to steady performance in major global stock markets and recovering investor confidence; traditional policies were about NT$279.8 billion, up 17.6% year-on-year (CNA #1059076). [F-004] For the single month of May, new-contract premium income totaled about NT$127.825 billion, of which traditional policies were about NT$49.5 billion, up 7.9% year-on-year, while investment-linked policies surged to NT$78.3 billion, up 210% year-on-year. Under the scope that also counts "non-insurance contract" income, January-May premium income totaled NT$1.31314 trillion, up 23.9% year-on-year; first-year premium income totaled NT$618.351 billion, up 48.7%, and renewal-year premium income totaled NT$694.788 billion, up 7.9% (CNA #1059076). [F-005]

On the growth drivers of traditional policies, the association listed three aspects: first, even with the U.S. Federal Reserve System (the Fed) holding its benchmark rate steady, the declared interest rates on current USD policies remain at attractive levels, and some life insurers raised the declared rates on USD interest-sensitive policies, driving sales; second, it relates to the insurance industry's adoption starting this year (2026) of IFRS 17 (International Financial Reporting Standard No. 17, Insurance Contracts) and a new-generation solvency regime; the third aspect was not fully available in the source text obtained for this card and is not paraphrased here (CNA #1059076). [F-006]

Risk context: statistics run through April/May; the late-June stock plunge is not covered

The two datasets run through April and May respectively, and neither covers the sharp market turn of late June 2026. On 2026-06-26, Taiwan stocks plunged 1,683 points, breaking below the 45,000-point mark; the three major institutional investor categories net-sold a combined NT$205.527 billion, of which foreign and mainland Chinese investors net-sold NT$143.189 billion -- the second-largest single day on record (after NT$177.4 billion on June 24); proprietary dealers net-sold NT$70.733 billion, a single-day record, while investment trusts bought a net NT$8.395 billion against the trend; foreign investors had also net-sold a combined NT$399.7 billion over four consecutive trading days (CNA #1222454). [F-007] The association attributed investment-linked policies' momentum to "steady performance in major global stock markets and recovering investor confidence" -- if the late-June market conditions persist, whether that premise still holds and how subsequent demand for investment-linked policies (including USD investment-linked) evolves are tracking items flagged by this card. This card makes no causal claim linking the stock decline to policy sales.

Internal contrast: the liability side's currency shift x the asset side's FX-hedging defense

Contrast with this site's published ANK-2026-06-04-001: that card recorded the life insurance industry's "asset side" -- April 2026's Taiwan stock surge lifting profits and net worth, with an FX-hedging defense line absorbing the potential FX losses caused by the New Taiwan dollar's appreciation; this card's foreign-currency policies are a "liability side" slice, the currency shift of premium income. Read together, the two cards show the same industry's asset side and liability side moving in the first half of 2026; however, this card's sources do not discuss any direct relationship between foreign-currency policy sales and FX hedging, so the two ends are contrasted only, with no causal assertion. One may also contrast ANK-2026-06-25-003 (the twin depreciation resonance of the Taiwan dollar and the Japanese yen), a background card on the June 2026 currency environment in which the Taiwan dollar weakened against the US dollar; this card's sources likewise do not link foreign-currency policy demand to exchange-rate moves, so it serves as environmental contrast only.

Risk factors

FAQ

Q: How large were Taiwan life insurers' foreign-currency policy new-contract premiums in January-April 2026, and how fast did they grow?

Per FSC statistics, life insurers' January-April 2026 new-contract premium income from foreign-currency policies was approximately NT$190.971 billion, up 53% year-on-year and a four-year high; it accounted for about 38.93% of total new-contract premium income, above the 36.24% of January-April 2025.

The FSC published the foreign-currency policy sales figures on 2026-06-30; amounts are compiled as "converted to approximately New Taiwan dollars," and the conversion-rate basis is not explained in the source (CNA #1273728).

Q: Within foreign-currency policies, how much did the investment-linked and traditional segments grow?

In January-April, investment-linked insurance reached about NT$35.038 billion, up 82% year-on-year; traditional insurance reached about NT$155.933 billion, up 48% year-on-year; the two segments add up exactly to the stated total of NT$190.971 billion.

Both the segments and the total are FSC statistical figures, and the source's numbers are internally consistent (CNA #1273728).

Q: Why are USD policies selling well?

Per FSC Insurance Bureau Deputy Director-General Tsai Huo-yen: USD investment-linked policies took in US$1.057 billion of new-contract premiums in January-April, up 97% year-on-year, mainly because insurers partnered with bank channels and launched USD investment-linked products to expand sales capacity; USD traditional policies took in US$4.888 billion, up 54%, mainly because life insurers this year launched USD interest-sensitive declared-rate policies and participating policies, driving demand.

Both "mainly because" statements are an official's attribution framing; this card records them as stated and does not extend or verify them (CNA #1273728).

Q: What does "the foreign-currency shift of new-contract premiums nearing 40%" mean, and what is the scope?

It means foreign-currency policies' new-contract premium income accounted for about 38.93% of total new-contract premium income in January-April 2026 (36.24% in January-April 2025) -- the scope is the current-period share of "new-contract premium income," not the foreign-currency share of the in-force policy stock.

Foreign-currency policy amounts are compiled as "converted to approximately New Taiwan dollars," with the conversion-rate basis unexplained in the source; "a four-year high" is the FSC's characterization of the January-April cumulative figure (CNA #1273728).

Q: How did overall life insurance new-contract premiums perform?

Per the Life Insurance Association's statistics (a different compiling body and period from the FSC, covering January-May): January-May 2026 new-contract premiums were NT$618.351 billion, up 48.7% year-on-year; investment-linked policies were about NT$338.5 billion, up 90.3%, and traditional policies about NT$279.8 billion, up 17.6%; May's single-month new-contract premiums were about NT$127.825 billion, with investment-linked policies at NT$78.3 billion, up 210% year-on-year.

Under the scope that also counts "non-insurance contract" income, January-May premium income totaled NT$1.31314 trillion, up 23.9% year-on-year (CNA #1059076).

Q: What is driving this growth?

Per the association's framing: investment-linked policies mainly benefited from steady performance in major global stock markets and recovering investor confidence; traditional policies' momentum comes from three aspects, including USD policies' declared interest rates remaining at attractive levels (with the Federal Reserve holding its benchmark rate steady and some insurers raising declared rates on USD interest-sensitive policies), and the industry's adoption from this year (2026) of IFRS 17 (International Financial Reporting Standard No. 17, Insurance Contracts) and a new-generation solvency regime.

The third aspect listed by the association was not fully available in the source text obtained for this card and is not paraphrased; all attributions are the association's framing, recorded as stated (CNA #1059076).

Q: Will the late-June 2026 Taiwan stock plunge affect this buying momentum?

Uncertain -- and neither dataset covers June. On 2026-06-26, Taiwan stocks plunged 1,683 points, breaking below the 45,000-point mark, and foreign and mainland Chinese investors net-sold NT$143.189 billion, the second-largest single day on record; the association attributed investment-linked momentum to steady stock markets and investor confidence, so whether June's market shift affects subsequent investment-linked policy demand is a tracking item, and this card makes no causal claim.

That day, the three major institutional investor categories net-sold a combined NT$205.527 billion; proprietary dealers' net selling of NT$70.733 billion set a single-day record while investment trusts bought a net NT$8.395 billion against the trend; foreign investors had net-sold a combined NT$399.7 billion over four consecutive trading days (CNA #1222454, CNA #1059076).

Q: What is the relationship between hot-selling foreign-currency policies and life insurers' FX risk?

This card's sources do not discuss any direct relationship between foreign-currency policy sales and FX hedging, and this card makes no causal claim. One may contrast this site's published ANK-2026-06-04-001: that card records the industry's "asset side" FX-hedging defense line and FX losses, while this card's foreign-currency policies are a "liability side" slice -- the currency shift of premium income; read together, they are the asset side and liability side of the same industry.

One may also contrast ANK-2026-06-25-003 (the twin depreciation resonance of the Taiwan dollar and the Japanese yen), a background card on the June 2026 currency environment; likewise for environmental contrast only, with no causal linkage (ANK-2026-06-04-001, ANK-2026-06-25-003).

F-Units

F-001: FSC statistics: life insurers' cumulative January-April 2026 new-contract premium income from foreign-currency policies was approximately NT$190.971 billion, up 53% year-on-year and a four-year high; it accounted for about 38.93% of total new-contract premium income, up from 36.24% in January-April 2025 - source: CNA #1273728 - source_url: https://www.cna.com.tw/news/afe/202606300398.aspx - confidence: high - basis: news_aggregation - period: January-April 2026 cumulative (announced by the FSC on 2026-06-30) - caveat: CNA relays FSC statistics; amounts are compiled as "converted to approximately New Taiwan dollars" with the conversion-rate basis unexplained in the source; "a four-year high" is the FSC's characterization and the comparison base periods are not elaborated

F-002: Within January-April 2026 foreign-currency policies, investment-linked insurance was about NT$35.038 billion, up 82% year-on-year; traditional insurance was about NT$155.933 billion, up 48% year-on-year (the two segments add up exactly to the stated total of NT$190.971 billion) - source: CNA #1273728 - source_url: https://www.cna.com.tw/news/afe/202606300398.aspx - confidence: high - basis: news_aggregation - period: January-April 2026 cumulative (announced by the FSC on 2026-06-30) - caveat: both the segments and the total are the source's own figures and are internally consistent when summed; same scope as F-001 (new-contract premium income, NTD-converted)

F-003: USD investment-linked policies' January-April 2026 new-contract premium income was US$1.057 billion, up 97% year-on-year (Tsai Huo-yen: mainly because insurers partnered with bank channels and launched USD investment-linked products to expand sales capacity); USD traditional policies took in US$4.888 billion, up 54% year-on-year (mainly because life insurers this year launched USD interest-sensitive declared-rate policies and participating policies, driving demand) - source: CNA #1273728 - source_url: https://www.cna.com.tw/news/afe/202606300398.aspx - confidence: high - basis: news_aggregation - period: January-April 2026 cumulative (announced by the FSC on 2026-06-30) - caveat: both growth attributions are the explanation framing of FSC Insurance Bureau Deputy Director-General Tsai Huo-yen; this card records them as stated without extension or verification

F-004: Life Insurance Association statistics: life insurers' January-May 2026 new-contract premiums were NT$618.351 billion, up 48.7% year-on-year; investment-linked policies' new-contract premiums were about NT$338.5 billion, up 90.3% (the association cited steady performance in major global stock markets and recovering investor confidence); traditional policies were about NT$279.8 billion, up 17.6% year-on-year - source: CNA #1059076 - source_url: https://www.cna.com.tw/news/afe/202606160215.aspx - confidence: high - basis: news_aggregation - period: January-May 2026 cumulative (announced by the association on 2026-06-16) - caveat: CNA relays the association's statistics; the compiling body and period differ from F-001's FSC framework, so cross-conversion is prohibited; the investment-linked momentum attribution is the association's framing

F-005: January-May 2026 life insurance premium income totaled NT$1.31314 trillion, up 23.9% year-on-year (a scope that also counts "non-insurance contract" income); first-year premium income totaled NT$618.351 billion, up 48.7%; renewal-year premium income totaled NT$694.788 billion, up 7.9%; May's single-month new-contract premium income totaled about NT$127.825 billion, of which traditional policies were about NT$49.5 billion, up 7.9% year-on-year, and investment-linked policies NT$78.3 billion, up 210% year-on-year - source: CNA #1059076 - source_url: https://www.cna.com.tw/news/afe/202606160215.aspx - confidence: high - basis: news_aggregation - period: January-May 2026 cumulative and May 2026 single month (announced by the association on 2026-06-16) - caveat: the NT$1.31314 trillion figure is a combined scope that "also considers non-insurance contract income," distinct from the new-contract premium scope; the two must not be mixed

F-006: The association said traditional policies' growth momentum mainly comes from three aspects: first, current USD policies' declared interest rates remain at attractive levels (even with the U.S. Federal Reserve System [the Fed] holding its benchmark rate steady), plus some life insurers raised declared rates on USD interest-sensitive policies; second, it relates to the insurance industry's adoption from this year (2026) of IFRS 17 (International Financial Reporting Standard No. 17, Insurance Contracts) and a new-generation solvency regime - source: CNA #1059076 - source_url: https://www.cna.com.tw/news/afe/202606160215.aspx - confidence: medium - basis: news_aggregation - period: report of 2026-06-16 - caveat: the third aspect listed by the association was not fully available in the source text obtained for this card and is not paraphrased; the attribution is the association's framing

F-007: On 2026-06-26, Taiwan stocks plunged 1,683 points, breaking below the 45,000-point mark; the three major institutional investor categories net-sold a combined NT$205.527 billion, of which foreign and mainland Chinese investors net-sold NT$143.189 billion, the second-largest single day on record (after NT$177.4 billion on June 24); proprietary dealers net-sold NT$70.733 billion, a single-day record; investment trusts bought a net NT$8.395 billion; foreign investors net-sold a combined NT$399.7 billion over four consecutive trading days - source: CNA #1222454 - source_url: https://www.cna.com.tw/news/afe/202606260302.aspx - confidence: high - basis: news_aggregation - period: 2026-06-26 (that day's market moves and institutional flows) - caveat: cited by this card as risk context -- the two premium datasets run only through April/May and do not cover June's market conditions; this card makes no causal claim linking the stock decline to policy sales

J-Units

J-001: The structure of Taiwan life insurers' new-contract premiums is tilting toward foreign currencies -- the foreign-currency share rose from 36.24% in January-April 2025 to 38.93%, with the amount up 53% year-on-year to a four-year high; the investment-linked (up 82% year-on-year) and traditional (up 48% year-on-year) engines rose in tandem, with USD investment-linked policies' 97% year-on-year growth the strongest segment; "nearing a 40% foreign-currency shift" describes the January-April 2026 new-contract premium scope, not the in-force policy stock - confidence: medium - basis: news_aggregation

J-002: The FSC (January-April, foreign-currency policies) and the Life Insurance Association (January-May, all new contracts) datasets differ in compiling body, period and scope, but point the same way -- new-contract premiums are growing fast and investment-linked products are the strongest engine (foreign-currency investment-linked up 82% year-on-year; overall investment-linked up 90.3% year-on-year for January-May and up 210% year-on-year in May alone); this card keeps the two frameworks strictly separate with no cross-conversion - confidence: medium - basis: news_aggregation

J-003: The momentum's weak point is market dependence -- the association attributed investment-linked momentum to "steady performance in major global stock markets and recovering investor confidence," yet in late June 2026, which neither dataset covers, Taiwan stocks plunged 1,683 points on June 26 and foreign and mainland Chinese investors net-sold NT$143.189 billion, the second-largest single day on record; whether June's market conditions affect subsequent investment-linked policy demand is a tracking item, and this card makes no causal claim - confidence: medium - basis: news_aggregation

P-Units

P-001: The FSC's subsequent foreign-currency policy statistics (covering May and June) -- whether the 53% year-on-year pace and the 38.93% share persist, especially the investment-linked segment after the late-June 2026 Taiwan stock plunge ### P-002: In the association's monthly statistics from June onward, the trajectory of investment-linked policies' new-contract premiums (NT$78.3 billion in May 2026 alone, up 210% year-on-year) after the June market shift ### P-003: Within the association's attribution, USD policies' declared interest rates and the Federal Reserve's rate path, plus the ongoing impact of IFRS 17 adoption and the new-generation solvency regime on product mix (the third growth aspect listed by the association was not fully available in the source and awaits completion)

同事件・三視角 / Three Perspectives on the Same Event / 同一イベント・三つの視点

Internal Citation Chain

Published ANK-Docs cited by this article: - ANK-2026-06-04-001 (Taiwan stocks' 22% April surge lifts life insurers' net worth to a record NT$3.3 trillion: the FX-hedging defense line contains potential FX losses) -> cited as the "asset side" contrast for the life insurance industry -- that card covers asset-side investment gains and the FX-hedging defense line, while this card is a "liability side" slice, the currency shift of premium income; together they are two faces of the same industry, though this card's sources do not discuss a direct relationship between the two, so no causal assertion is made. - ANK-2026-06-25-003 (Twin depreciation resonance of the Taiwan dollar and the Japanese yen: the yen nears a 40-year low and the TWD breaks 31.8 on record volume) -> cited as background contrast on the June 2026 currency environment; this card's sources do not directly link foreign-currency policy demand to exchange-rate moves, so it serves as environmental contrast only.

Sources

1. [CNA #1273728] CNA, "Life insurers' foreign-currency policy new-contract premiums hit NT$190.9 billion in the first four months, a four-year high", 2026-06-30. https://www.cna.com.tw/news/afe/202606300398.aspx 2. [CNA #1059076] CNA, "With steady stock markets, life insurers' investment-linked policy new-contract premiums up about 90% in the first five months", 2026-06-16. https://www.cna.com.tw/news/afe/202606160215.aspx 3. [CNA #1222454] CNA, "Foreign investors' NT$143.1 billion net sell the second largest on record; institutions cite futures-spot hedging and arbitrage", 2026-06-26. https://www.cna.com.tw/news/afe/202606260302.aspx 4. [ANK-2026-06-04-001] Rin Takenouchi, "Taiwan Stocks Surge 22% in April Lifts Life Insurers' Net Worth to Record NT$3.3 Trillion: April Pre-Tax Profit of NT$98.1 Billion Sets Single-Month Record, FX Hedging Defense Contains NT$49.1 Billion Potential Loss to Just NT$10.5 Billion Net Loss", 2026-06-04. https://ainews.washinmura.jp/ainews/en/ank/ANK-2026-06-04-001 5. [ANK-2026-06-25-003] Rin Takenouchi, "Twin Depreciation Resonance of the Taiwan Dollar and Japanese Yen: Yen Nears 40-Year Low, TWD Breaks 31.8 on Record Volume, TIER's Sun Ming-te Pinpoints Structural Ills in Japan's Economy", 2026-06-25. https://ainews.washinmura.jp/ainews/en/ank/ANK-2026-06-25-003

📊 引用級事實單元（F-Units）

FSC statistics: life insurers' cumulative January-April 2026 new-contract premium income from foreign-currency policies was approximately NT$190.971 billion, up 53% year-on-year and a four-year high; it accounted for about 38.93% of total new-contract premium income, up from 36.24% in January-April 2025
F-001 · Confidence: high · Basis: news_aggregation CNA #1273728 January-April 2026 cumulative (announced by the FSC on 2026-06-30)
Within January-April 2026 foreign-currency policies, investment-linked insurance was about NT$35.038 billion, up 82% year-on-year; traditional insurance was about NT$155.933 billion, up 48% year-on-year (the two segments add up exactly to the stated total of NT$190.971 billion)
F-002 · Confidence: high · Basis: news_aggregation CNA #1273728 January-April 2026 cumulative (announced by the FSC on 2026-06-30)
USD investment-linked policies' January-April 2026 new-contract premium income was US$1.057 billion, up 97% year-on-year (Tsai Huo-yen: mainly because insurers partnered with bank channels and launched USD investment-linked products to expand sales capacity); USD traditional policies took in US$4.888 billion, up 54% year-on-year (mainly because life insurers this year launched USD interest-sensitive declared-rate policies and participating policies, driving demand)
F-003 · Confidence: high · Basis: news_aggregation CNA #1273728 January-April 2026 cumulative (announced by the FSC on 2026-06-30)
Life Insurance Association statistics: life insurers' January-May 2026 new-contract premiums were NT$618.351 billion, up 48.7% year-on-year; investment-linked policies' new-contract premiums were about NT$338.5 billion, up 90.3% (the association cited steady performance in major global stock markets and recovering investor confidence); traditional policies were about NT$279.8 billion, up 17.6% year-on-year
F-004 · Confidence: high · Basis: news_aggregation CNA #1059076 January-May 2026 cumulative (announced by the association on 2026-06-16)
January-May 2026 life insurance premium income totaled NT$1.31314 trillion, up 23.9% year-on-year (a scope that also counts "non-insurance contract" income); first-year premium income totaled NT$618.351 billion, up 48.7%; renewal-year premium income totaled NT$694.788 billion, up 7.9%; May's single-month new-contract premium income totaled about NT$127.825 billion, of which traditional policies were about NT$49.5 billion, up 7.9% year-on-year, and investment-linked policies NT$78.3 billion, up 210% year-on-year
F-005 · Confidence: high · Basis: news_aggregation CNA #1059076 January-May 2026 cumulative and May 2026 single month (announced by the association on 2026-06-16)
The association said traditional policies' growth momentum mainly comes from three aspects: first, current USD policies' declared interest rates remain at attractive levels (even with the U.S. Federal Reserve System [the Fed] holding its benchmark rate steady), plus some life insurers raised declared rates on USD interest-sensitive policies; second, it relates to the insurance industry's adoption from this year (2026) of IFRS 17 (International Financial Reporting Standard No. 17, Insurance Contracts) and a new-generation solvency regime
F-006 · Confidence: medium · Basis: news_aggregation CNA #1059076 report of 2026-06-16
On 2026-06-26, Taiwan stocks plunged 1,683 points, breaking below the 45,000-point mark; the three major institutional investor categories net-sold a combined NT$205.527 billion, of which foreign and mainland Chinese investors net-sold NT$143.189 billion, the second-largest single day on record (after NT$177.4 billion on June 24); proprietary dealers net-sold NT$70.733 billion, a single-day record; investment trusts bought a net NT$8.395 billion; foreign investors net-sold a combined NT$399.7 billion over four consecutive trading days
F-007 · Confidence: high · Basis: news_aggregation CNA #1222454 2026-06-26 (that day's market moves and institutional flows)

❓ FAQ

How large were Taiwan life insurers' foreign-currency policy new-contract premiums in January-April 2026, and how fast did they grow?

Per FSC statistics, life insurers' January-April 2026 new-contract premium income from foreign-currency policies was approximately NT$190.971 billion, up 53% year-on-year and a four-year high; it accounted for about 38.93% of total new-contract premium income, above the 36.24% of January-April 2025. The FSC published the foreign-currency policy sales figures on 2026-06-30; amounts are compiled as "converted to approximately New Taiwan dollars," and the conversion-rate basis is not explained in the source (CNA #1273728).

Within foreign-currency policies, how much did the investment-linked and traditional segments grow?

In January-April, investment-linked insurance reached about NT$35.038 billion, up 82% year-on-year; traditional insurance reached about NT$155.933 billion, up 48% year-on-year; the two segments add up exactly to the stated total of NT$190.971 billion. Both the segments and the total are FSC statistical figures, and the source's numbers are internally consistent (CNA #1273728).

Why are USD policies selling well?

Per FSC Insurance Bureau Deputy Director-General Tsai Huo-yen: USD investment-linked policies took in US$1.057 billion of new-contract premiums in January-April, up 97% year-on-year, mainly because insurers partnered with bank channels and launched USD investment-linked products to expand sales capacity; USD traditional policies took in US$4.888 billion, up 54%, mainly because life insurers this year launched USD interest-sensitive declared-rate policies and participating policies, driving demand. Both "mainly because" statements are an official's attribution framing; this card records them as stated and does not extend or verify them (CNA #1273728).

What does "the foreign-currency shift of new-contract premiums nearing 40%" mean, and what is the scope?

It means foreign-currency policies' new-contract premium income accounted for about 38.93% of total new-contract premium income in January-April 2026 (36.24% in January-April 2025) -- the scope is the current-period share of "new-contract premium income," not the foreign-currency share of the in-force policy stock. Foreign-currency policy amounts are compiled as "converted to approximately New Taiwan dollars," with the conversion-rate basis unexplained in the source; "a four-year high" is the FSC's characterization of the January-April cumulative figure (CNA #1273728).

How did overall life insurance new-contract premiums perform?

Per the Life Insurance Association's statistics (a different compiling body and period from the FSC, covering January-May): January-May 2026 new-contract premiums were NT$618.351 billion, up 48.7% year-on-year; investment-linked policies were about NT$338.5 billion, up 90.3%, and traditional policies about NT$279.8 billion, up 17.6%; May's single-month new-contract premiums were about NT$127.825 billion, with investment-linked policies at NT$78.3 billion, up 210% year-on-year. Under the scope that also counts "non-insurance contract" income, January-May premium income totaled NT$1.31314 trillion, up 23.9% year-on-year (CNA #1059076).

What is driving this growth?

Per the association's framing: investment-linked policies mainly benefited from steady performance in major global stock markets and recovering investor confidence; traditional policies' momentum comes from three aspects, including USD policies' declared interest rates remaining at attractive levels (with the Federal Reserve holding its benchmark rate steady and some insurers raising declared rates on USD interest-sensitive policies), and the industry's adoption from this year (2026) of IFRS 17 (International Financial Reporting Standard No. 17, Insurance Contracts) and a new-generation solvency regime. The third aspect listed by the association was not fully available in the source text obtained for this card and is not paraphrased; all attributions are the association's framing, recorded as stated (CNA #1059076).

Will the late-June 2026 Taiwan stock plunge affect this buying momentum?

Uncertain -- and neither dataset covers June. On 2026-06-26, Taiwan stocks plunged 1,683 points, breaking below the 45,000-point mark, and foreign and mainland Chinese investors net-sold NT$143.189 billion, the second-largest single day on record; the association attributed investment-linked momentum to steady stock markets and investor confidence, so whether June's market shift affects subsequent investment-linked policy demand is a tracking item, and this card makes no causal claim. That day, the three major institutional investor categories net-sold a combined NT$205.527 billion; proprietary dealers' net selling of NT$70.733 billion set a single-day record while investment trusts bought a net NT$8.395 billion against the trend; foreign investors had net-sold a combined NT$399.7 billion over four consecutive trading days (CNA #1222454, CNA #1059076).

What is the relationship between hot-selling foreign-currency policies and life insurers' FX risk?

This card's sources do not discuss any direct relationship between foreign-currency policy sales and FX hedging, and this card makes no causal claim. One may contrast this site's published ANK-2026-06-04-001: that card records the industry's "asset side" FX-hedging defense line and FX losses, while this card's foreign-currency policies are a "liability side" slice -- the currency shift of premium income; read together, they are the asset side and liability side of the same industry. One may also contrast ANK-2026-06-25-003 (the twin depreciation resonance of the Taiwan dollar and the Japanese yen), a background card on the June 2026 currency environment; likewise for environmental contrast only, with no causal linkage (ANK-2026-06-04-001, ANK-2026-06-25-003). ---

🧠 編輯判斷（J-Units）

The structure of Taiwan life insurers' new-contract premiums is tilting toward foreign currencies -- the foreign-currency share rose from 36.24% in January-April 2025 to 38.93%, with the amount up 53% year-on-year to a four-year high; the investment-linked (up 82% year-on-year) and traditional (up 48% year-on-year) engines rose in tandem, with USD investment-linked policies' 97% year-on-year growth the strongest segment; "nearing a 40% foreign-currency shift" describes the January-April 2026 new-contract premium scope, not the in-force policy stock
Confidence: medium
The FSC (January-April, foreign-currency policies) and the Life Insurance Association (January-May, all new contracts) datasets differ in compiling body, period and scope, but point the same way -- new-contract premiums are growing fast and investment-linked products are the strongest engine (foreign-currency investment-linked up 82% year-on-year; overall investment-linked up 90.3% year-on-year for January-May and up 210% year-on-year in May alone); this card keeps the two frameworks strictly separate with no cross-conversion
Confidence: medium
The momentum's weak point is market dependence -- the association attributed investment-linked momentum to "steady performance in major global stock markets and recovering investor confidence," yet in late June 2026, which neither dataset covers, Taiwan stocks plunged 1,683 points on June 26 and foreign and mainland Chinese investors net-sold NT$143.189 billion, the second-largest single day on record; whether June's market conditions affect subsequent investment-linked policy demand is a tracking item, and this card makes no causal claim
Confidence: medium

🔮 待驗證假設（P-Units）

The FSC's subsequent foreign-currency policy statistics (covering May and June) -- whether the 53% year-on-year pace and the 38.93% share persist, especially the investment-linked segment after the late-June 2026 Taiwan stock plunge
Status: open
In the association's monthly statistics from June onward, the trajectory of investment-linked policies' new-contract premiums (NT$78.3 billion in May 2026 alone, up 210% year-on-year) after the June market shift
Status: open
Within the association's attribution, USD policies' declared interest rates and the Federal Reserve's rate path, plus the ongoing impact of IFRS 17 adoption and the new-generation solvency regime on product mix (the third growth aspect listed by the association was not fully available in the source and awaits completion)
Status: open

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