Nanshan Life Insurance Co., Taiwan’s third-largest life insurer, expects an industry rebound as the US Federal Reserve ends interest rate hikes and as a four-year ban on the sale of investment-related products is lifted.
Yin Zhong Yao, president of Nanshan Life, now has a “very positive” outlook on the industry. “The Fed will have to cut interest rates this year, and that would definitely help insurance sales,” Yin said in an interview with Bloomberg TV.