Life Insurance Industry: Investments, Data Challenges, and Policy Updates
Cathay Life Insurance Makes Landmark Offshore Wind Investment
17 Dec 2025
Cathay Life Insurance, Taiwan’s largest insurer, will acquire a 50% stake in Ørsted’s 583 MW Greater Changhua 4 Offshore Wind Farm, with Ørsted retaining the other 50%. The deal, valued at approximately TWD 53.3 billion, is the largest direct offshore wind investment by a life insurer in Taiwan and received backing from multiple international, local, and state-owned banks. Ørsted will handle construction under a full EPC contract and provide long-term operations and maintenance from Taichung. This partnership strengthens Taiwan’s energy transition, attracts local capital, and demonstrates strong investor confidence in offshore wind projects.
Nippon Life Bids for Medical Data Vision Health Platform
17 Dec 2025
Nippon Life Insurance has launched a tender offer to acquire Medical Data Vision (MDV) and make it a wholly owned subsidiary, aiming to integrate health data and analytics into its life insurance and healthcare operations. MDV manages over 50 million health records and provides data analysis services to hospitals and life science stakeholders, aligning with Nippon Life’s strategy to expand beyond traditional insurance into healthcare, preventive medicine, and corporate health services. The tender offer price for minority shareholders is ¥1,693 per share, while MDV will repurchase shares from major shareholder SBI Holdings at ¥1,189 per share. Nippon Life plans to leverage AI and digital technologies on the combined platform to enhance services and support its medium-term management goals. The acquisition also addresses MDV’s rising operational costs while strengthening Nippon Life’s data-driven offerings.
Flawed Social Security Death Data Threatens Life Insurance Benefits
15 Dec 2025
Problems in the Social Security Administration’s Death Master File (DMF) mean that only 16% of U.S. deaths are captured, putting life insurance payouts at risk. Missing or incomplete data, combined with beneficiaries being unaware of existing policies, can result in delayed or lost claims. The NAIC’s Life Insurance Policy Locator helps locate policies, but participation is voluntary, and insurers often lack up-to-date contact information for heirs. Experts suggest solutions such as standardized searches of state vital records, stricter validation protocols, and faster payout timelines to ensure beneficiaries receive their entitled benefits.
$75 Million Commitment to Accel Fund
15 Dec 2025
Fubon Life Insurance, based in Taipei, Taiwan, has committed $75 million to Accel Leaders V, a growth equity fund focused on North America. Over the past two months, Fubon has also made other growth equity investments, including secondaries and venture capital funds in North America and Europe. The company’s investments target sectors such as technology, media, and telecommunications (TMT). Its current portfolio allocation includes 4.43% in private equity, 7.2% in private real estate, 16.5% in public equities, 7.2% in cash, and 64.67% in other assets.
Japan Considers Extending Life Insurance Premium Tax Breaks by One Year
12 Dec 2025
Japan’s government and ruling coalition are considering extending life insurance premium tax deductions for child-rearing households through 2027. Under the current system, taxpayers can reduce their income tax based on premiums paid, with a deductible cap of ¥60,000 for dependents under 23, initially set to expire in 2026. The extension is expected to be included in the fiscal 2026 tax reform package. This measure aims to ease financial burdens for families raising children.
