Fubon Life’s FYPs dive 44.6 percent annuallyBy Kao Shih-ching / Staff reporterFubon Life Insurance Co (富邦人壽) yesterday reported that its first-year premiums (FYPs) for the first three quarters fell 44.6 percent year-on-year to NT$93.1 billion due to stricter regulations and the COVID-19 pandemic. The FYPs are received in the first year of a recurring policy and are the main resource for life insures’ new investments. Fubon Life in May forecast that its FYPs would fall 30 percent for the whole of this year. The logo of Fubon Life Insurance Co is pictured outside the company’s headquarters in Taipei on Nov. 22 last year. The bank would concentrate on providing personal loans, and loans to small and medium-sized companies as they have higher margins, Cheng said.

Source: Taipei Times November 25, 2020 15:56 UTC