Taiwan insurers urged to invest more in infrastructure projectsDecember 21 2017 by InsuranceAsia News Staff
The Taiwanese government has advised insurance operators in the country to invest more in public works.
It is planning to urge more insurance players to pour more money into public infrastructure projects and the long-term care sector as part of efforts to increase private investment in government-led projects.
As it unveiled such plans, the government likewise said that new measures will be instituted to streamline the review process for land development projects in order to fast-tract construction and expropriation.
According to Financial Supervisory Commission vice-chairman Cheng Cheng-mount during a news conference in Taipei yesterday, the nation’s insurance industry could invest as much as 10% of its disposable funds, or about NT$22 trillion (US$733.58 billion), in public infrastructure projects.
However, only 1% of that has been invested so far, reflecting a big dent in investment capacity.
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