Taiwan’s insurance companies are exploring the possibility of easing accounting rules to reduce their surging foreign-exchange hedging costs.
Taiwan’s life insurance association has requested its member companies to establish a task force and work with their accounting firms to come up with a mechanism to minimize the impact of Taiwan dollar appreciation on the industry, according to a letter seen by Bloomberg News. The letter didn’t mention what the potential changes to accounting rules might be.
The move comes as hedging costs for Taiwan’s insurers have
