Shin Kong Life Insurance and Taishin Life Insurance, both part of TS Financial Holdings, have formally completed their merger as of 1 January 2026.
Taishin Life Insurance has become the surviving company in legal terms.
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However, the merged company will operate under the Shin Kong Life Insurance name, retaining a brand that has been established in Taiwan for more than 60 years.
The board has named Paul Wei as chairman, Hung Shih-chi as vice-chairman and Huang Min-yi as president.
The company reported that a revaluation of assets at fair value has provided additional flexibility for asset allocation decisions.
The total contractual service margin for the combined entity is projected to be above T$250bn ($7.9bn).
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By GlobalDataWith assets now exceeding T$4tn, Shin Kong Life plans to unify and rationalise its product offerings and take advantage of both companies’ distribution channels.
The insurer intends to pursue more cross-selling opportunities within TS Holdings.
The merger brings together Shin Kong Life’s focus on traditional life, health, accident and some investment-linked insurance products with Taishin Life’s experience in investment-linked, interest-sensitive and participating policies.
This combined approach is expected to allow the new company to provide a broader suite of insurance and retirement planning solutions.
The company also stated that it is preparing to comply with international standards such as IFRS 17 and the Insurance Capital Standard.
Going forward, Shin Kong Life aims to strengthen its network of distribution partners and adopt digital technology including AI and data analytics.
It will also continue efforts related to environmental, social and governance matters.
TS Holdings chairman Thomas Wu said: “Shin Kong Life and Taishin Life each bring distinct strengths and share a common spirit. This merger upholds our commitment to customers and reinforces our values. Shin Kong Life will remain dedicated to professionalism, innovation and sustainability, becoming a trusted partner in life insurance protection and wealth management.”
