The US-based life insurer has said it might leave the Taiwan market. If it does so, it will follow in the wake of other foreign players such as ING and AIG.
Under the partnership with New York Life Investments, the Korean insurer is targeting domestic institutions with a new asset-allocation fund and mulling offshore business.
A shift towards riskier assets, increased competition and weak profitability spells danger for the industry's near-term outlook, fears Moody's Investors Service
The mutual insurer will expand its agency sales force as well.