Top 10 Life insurance companies for 2020

Joanna England
|Mar 1|magazine1 min read

10. Cathay Financial

Headquarters: Taiwan

Originally founded in 1962, Cathay Financial Holding Company was the result of a merger between UWCCB and Cathay Commercial Bank in 2003. As part of an Asian expansion plan, it acquired a 22% share in Rizal Commercial Banking Corp and currently has a market capital worth of over $17bn. In 2017, Cathay United Bank and Cathay Life acquired the Bank of Nova Scotia Berhad Malaysia from Scotiabank. The first Taiwanese life insurance company to enter the Chinese market, starting in Shanghai in 2005, Cathay Financial holdings now services 13 million customers.