Fubon Life Insurance's TIS capital adequacy ratio is at 177%. Tsai Ming-hsing: Consider canceling transitional measures next year

The "Tsai Man Tsai Taiwan Contribution Award" organized by Fubon Group was held at the award ceremony today. When attending the ceremony, Fubon Financial Holdings Chairman Tsai Ming-hsing was asked about the capital adequacy ratio announced after the life insurance industry adopted the new generation solvency system (TIS). He boldly said that after Fubon Life adopted transitional measures in the first half of the year, the TIS capital adequacy ratio (TIS ratio) was as high as 177%, and he is considering canceling the transitional measures next year.

After my country's insurance industry has adopted the new generation solvency system (TIS), all capital adequacy ratios that must be disclosed according to regulations have been announced. Among the 14 life insurance companies, 9 applied for selective transitional measures. The Insurance Bureau of the Financial Supervisory Commission requires that the capital adequacy ratio value disclosed by the industry must be capped at the TIS target.

Tsai Ming-hsing said today that Fubon Life has actually performed very well. The actual TIS number after adopting transitional measures in the first half of this year was as high as 177%. However, according to the current regulations of the Financial Supervisory Commission, operators that have used transitional measures can only disclose the upper limit to 140% of the target value, resulting in only 140% being visible to the outside world.

The Financial Supervisory Commission's current regulations stipulate that as long as the transitional measures are cancelled, the true figures can be announced in full. He further pointed out. Fubon's own capital structure is very strong and does not require transitional measures. Therefore, we are currently considering directly canceling the transitional measures next year so that everyone can see our true and excellent capital adequacy rate of 177%.