Taiwan’s financial regulator hopes to attract as much as NT$300 billion (US$9.5 billion) of domestic insurance investments into five key “trusted industry sectors”, including artificial intelligence and green energy, by 2028 as the island looks to bolster its position in global supply chains.
The move comes 18 months after President Lai Ching-te announced the sectors as key to the government’s supply chain goal. The other three sectors are defence, next-generation communications, and semiconductors.
The Financial Supervisory Commission (FSC) plans to encourage Taiwanese insurers to actively participate in infrastructure projects, sustainable bond issuance, and public investments related to these sectors.
“The implementation will be carried out in three phases,” the FSC says in a statement on April 14.
The goal is for the insurers to commit at least NT$80 billion by the end of this year, another NT$100 billion next year, and NT$120 billion in 2028.
The FSC will announce the names of participating insurers on its website as an incentive to get them to commit money into the sectors.
“We aim to motivate the insurance industry to actively evaluate and participate in investments within the domestic real economy sectors,” the regulator says.
