Shin Kong Life and Taishin Life, subsidiaries of TS Financial Holdings Co (TS Holdings), have officially completed their merger. The company was renamed Shin Kong Life Insurance, preserving the Shin Kong Life brand that has served the Taiwanese market for over six decades.
Following the merger, the board of directors elected Paul Wei as Chairman and Hung Shih-chi as Vice Chairman, and appointed Huang Min-yi as President. A merger celebration reception themed “Stronger Together, Creating a New Chapter” was held recently.
Thomas Wu, Chairman of TS Holdings, stated that the merger represents more than corporate integration. “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.”
Chairman Paul Wei emphasised the merger’s significance for Taiwan’s insurance industry, noting that the combined company’s enhanced net worth strengthens its resilience against market volatility. The re-recognition of assets at fair value also increases flexibility in asset allocation, while total Contractual Service Margin (CSM) is expected to exceed NT$250 billion, providing a strong foundation for stable, long-term profitability.
With total assets surpassing NT$4 trillion, Shin Kong Life will integrate product portfolios and leverage complementary distribution strengths.
The company aims to enhance cross-selling synergies across the financial holding group, while focusing on channel diversification, smart operations, customer engagement, and sustainable management to safeguard policyholders’ health and assets.
The combined entity brings together Shin Kong Life’s strengths in traditional life, health, accident, and investment-linked insurance, and Taishin Life’s expertise in investment-linked, interest-sensitive, and participating products.
This integration enables comprehensive solutions covering risk protection, asset growth, and retirement planning, while positioning the company to fully align with IFRS 17 and the Insurance Capital Standard (ICS) framework, reported BusinessWire.