Taiwan Life Insurance to Use New Solvency Calculation 壽險2026年接軌ICS 外界憂恐衝擊台股

Taiwan's life insurance industry is expected to sell trillions of NT dollars of shares after new standards to measure insurance providers' capital adequacy are adopted in 2026. Many investors worry the new standard may seriously impact the Taiwan stock market. 

The Taiwanese life insurance industry will adopt the new ICS solvency calculation method in 2026. The outside world is worried that life insurance companies will sell shares for trillions of NT dollars, which will seriously impact the Taiwan stock market. Huang Tien-mu, Chairperson of the Financial Supervisory Commission, frankly said that the Taiwanese insurance industry's investment in stocks is the highest in the world. The FSC will give the life insurance industry a longer grace period to gradually reduce their stock positions without negatively affecting the stock market.

Chung Chia-pin, Legislator (DPP): “According to the international practice of portfolio theory, investments in developed countries are 35 percent of the portfolio, while developing countries are 48 percent. Taiwan is not considered a developing country. So it sounds like you're internally setting Taiwan stock's risk factor at 40 percent in the future. Is there such a plan?”
Huang Tien-mu, FSC Chairperson: “No, this has not been determined and confirmed yet. We will give the industry a very long time to adjust. ”
Chung Chia-pin, Legislator (DPP):“And it will not affect the stock market? ”

Huang Tien-mu, FSC Chairperson:“No, no, no. ”

The U.S. Federal Reserve issued a dovish attitude and may suspend interest rate hikes this summer, which pushed the U.S. stock index to close higher on March 2. Taiwan stocks rose by more than 100 points in early trading. The TAIEX Index once again touched the 15,700-point mark.

Wang Jung-hsu, CEO, Marbo Investment Advisors: “Overall, large-cap stocks lack a driving force to push them up. Foreign investors have oversold their Taiwanese stock positions in recent days. Fortunately, their overselling amount is not very large. So the TAIEX is currently on an upward trend.”

Analysts said that the latest economic data released by the United States will affect the Fed's interest rate decision on March 21. March is also the month when last year's financial report will be released. Thus, stocks will also be affected by the release of their financial reports. 

壽險業將在2026年接軌新的清償能力指標ICS，外界擔心恐得賣股上兆元，嚴重衝擊台股市場。對此金管會主委黃天牧坦言，台灣保險業投資股票是全球最高，但將給壽險業較長的寬限期，去逐步降低股票部位，不會影響股市資金。

民進黨立委鍾佳濱指出：「按照國際的慣例，已開發國（投資係數理論）是35%，開發中是48%，台灣不算是開發中（國家），所以聽起來你們內訂，未來台股風險係數是要訂在40％，是不是有這樣的規劃？」

金管會主委黃天牧回應：「都沒有規定都沒有確定，我們會給業者一個非常長的時間去調整。」

鍾佳濱說道：「但又不希望影響到股市的一個資金。」

黃天牧說明：「不會。」

而在聯準會釋出鴿派態度，今夏可能暫停升息後，激勵週四美股指數全面收高，也讓台股早盤一度大漲逾百點，在權值股轉強下，帶動指數一度攻上15700點大關，但盤中獲利了結賣壓湧現，大盤指數也呈現開高走低的格局。

萬寶投顧執行長王榮旭表示：「整體來看的話，大型股比較欠缺上漲的一個動力，因為外資的操作，最近這幾天都是呈現賣超，所幸賣超金額不是很多，所以指數現階段來講，大概就是整理的一個走勢居多。」

分析師表示，今（3）日晚間美國將公布最新經濟數據，這攸關接下來3月21日、22日 FED的利率決策，且3月份也是去年財報最後公布的月份，因此接下來大盤除了受FED利率決策影響外，個股也會因財報數據呈現分歧狀況。