Shin Kong Life Insurance and Taishin Life Insurance, both under TS Financial Holdings, have officially merged effective January 1, 2026. The legal surviving entity is Taishin Life Insurance, but the company will continue to use the Shin Kong Life Insurance brand, which has been present in Taiwan for over six decades.
The board has appointed Paul Wei as chairman, Hung Shih-chi as vice-chairman, and Huang Min-yi as president. A revaluation of assets at fair value has provided additional flexibility for asset allocation decisions, the company reported.
Total contractual service margin for the combined entity is projected to exceed T$250 billion ($7.9 billion). With assets now surpassing T$4 trillion, Shin Kong Life plans to unify and rationalize product offerings and leverage both companies' distribution channels. The insurer intends to pursue more cross-selling opportunities within TS Holdings.
The merger combines 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 is expected to allow the new company to provide a broader range of insurance and retirement planning solutions.
The company stated it is preparing to comply with international standards such as IFRS 17 and the Insurance Capital Standard. Moving 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."