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Shin Kong Life Insurance coverage and Taishin Life Insurance coverage, each a part of TS Monetary Holdings, have formally accomplished their merger as of 1 January 2026.
Taishin Life Insurance coverage has develop into the surviving firm in authorized phrases.
Nonetheless, the merged firm will function underneath the Shin Kong Life Insurance coverage title, retaining a model that has been established in Taiwan for greater than 60 years.
The board has named Paul Wei as chairman, Hung Shih-chi as vice-chairman and Huang Min-yi as president.
The corporate reported {that a} revaluation of belongings at honest worth has offered further flexibility for asset allocation selections.
The full contractual service margin for the mixed entity is projected to be above T$250bn ($7.9bn).
With belongings now exceeding T$4tn, Shin Kong Life plans to unify and rationalise its product choices and make the most of each firms’ distribution channels.
The insurer intends to pursue extra cross-selling alternatives inside TS Holdings.
The merger brings collectively Shin Kong Life’s concentrate on conventional life, well being, accident and a few investment-linked insurance coverage merchandise with Taishin Life’s expertise in investment-linked, interest-sensitive and taking part insurance policies.
This mixed strategy is anticipated to permit the brand new firm to offer a broader suite of insurance coverage and retirement planning options.
The corporate additionally acknowledged that it’s getting ready to adjust to worldwide requirements comparable to IFRS 17 and the Insurance coverage Capital Commonplace.
Going ahead, Shin Kong Life goals to strengthen its community of distribution companions and undertake digital know-how together with AI and information analytics.
It can additionally proceed efforts associated to environmental, social and governance issues.
TS Holdings chairman Thomas Wu mentioned: “Shin Kong Life and Taishin Life every carry distinct strengths and share a typical spirit. This merger upholds our dedication to prospects and reinforces our values. Shin Kong Life will stay devoted to professionalism, innovation and sustainability, turning into a trusted accomplice in life insurance coverage safety and wealth administration.”
“Taiwan’s Shin Kong Life and Taishin Life finalise merger ” was initially created and printed by Life Insurance coverage Worldwide, a GlobalData owned model.
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