Taiwan’s Shin Kong Life and Taishin Life finalise merger

Shin Kong Life Insurance and Taishin Life Insurance, some portion of TS Financial Holdings, person formally completed their merger arsenic of 1 January 2026.

Taishin Life Insurance has go the surviving institution successful ineligible terms.

However, the merged institution volition run nether the Shin Kong Life Insurance name, retaining a marque that has been established successful Taiwan for much than 60 years.

The committee has named Paul Wei arsenic chairman, Hung Shih-chi arsenic vice-chairman and Huang Min-yi arsenic president.

The institution reported that a revaluation of assets astatine just worth has provided further flexibility for plus allocation decisions.

The full contractual work borderline for the combined entity is projected to beryllium supra T$250bn ($7.9bn).

With assets present exceeding T$4tn, Shin Kong Life plans to unify and rationalise its merchandise offerings and instrumentality vantage of some companies’ organisation channels.

The insurer intends to prosecute much cross-selling opportunities wrong TS Holdings.

The merger brings unneurotic Shin Kong Life’s absorption connected accepted life, health, mishap and immoderate investment-linked security products with Taishin Life’s acquisition successful investment-linked, interest-sensitive and participating policies.

This combined attack is expected to let the caller institution to supply a broader suite of security and status readying solutions.

The institution besides stated that it is preparing to comply with planetary standards specified arsenic IFRS 17 and the Insurance Capital Standard.

Going forward, Shin Kong Life aims to fortify its web of organisation partners and follow integer exertion including AI and information analytics.

It volition besides proceed efforts related to environmental, societal and governance matters.

TS Holdings president Thomas Wu said: “Shin Kong Life and Taishin Life each bring chiseled strengths and stock a communal spirit. This merger upholds our committedness to customers and reinforces our values. Shin Kong Life volition stay dedicated to professionalism, innovation and sustainability, becoming a trusted spouse successful beingness security extortion and wealthiness management.”

"Taiwan’s Shin Kong Life and Taishin Life finalise merger " was primitively created and published by Life Insurance International, a GlobalData owned brand.

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