BNP Paribas Cardif’s exit not reflective of investment environment: FSCStaff writer, with CNAThe decision by French property insurer BNP Paribas Cardif SA to withdraw from the Taiwanese market does not indicate that the local investment environment is worsening, Financial Supervisory Commission (FSC) Chairman Peng Jin-lung (彭金隆) said yesterday. The FSC confirmed on Sunday that it has received an application from BNP Paribas Cardif’s Taiwan branch to terminate its business in Taiwan after it inaugurated operations in 2000. The French insurer has a staff of 32 in Taiwan and 48,000 valid policies, mostly involving home and fire insurance and personal injury insurance, Tsai said. Even though its headquarters in France had injected NT$483 million (US$15.17 million) into the Taiwan branch in recent three years, BNP Paribas Cardif in Taiwan still incurred losses for at least five years in a row, he said. He added that if the company is involved in any legal action in Taiwan, it will have to complete the process before leaving.

Source: Taipei Times March 18, 2026 17:31 UTC