Shin Kong's life plan
Shin Kong Life Insurance has developed a sophisticated derivatives hedging and investment overlay capability that has helped bolster its financial results. Kathleen Kearney speaks to the company's chief investment officer, Ian Lui
Shin Kong Life Insurance posted record earnings for 2006, aided in part by its investments in sophisticated financial instruments and its new dynamic currency-hedging strategy. This has helped the Taipei-based company cut costs and seems to have improved its overall risk/return profile. For example, the company says its proxy-hedging policy saved it NT$6.5 billion ($197 million) in financial asset value-at-risk (VAR) in the eight months since it started.
Taiwan's second largest life insurer -
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