The Chinese insurer has poached a senior investment executive from its US rival and named a new chief financial officer after a government-ordered shakeup last year.
Outspoken and well-regarded Lou Jiwei has been replaced by another ex-ministry of finance official, Liu Wei. The reasons for the change remain unclear but policy continuity is expected.
The largest lifer in China will entrust more assets to external managers while strengthening its performance review processes after net profit plummeted last year.
The government needs to raise investor awareness about saving for retirement while rationalising the mandatory provident fund scheme, say industry experts.
Taiwan's largest insurance group defends the industry's high overseas investments as calls grow for insurers to shift their money home.
The mandatory provident fund scheme needs a wider universe of asset classes to invest in, more fund rationalisation and lower expenses, say industry experts.