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Life insurers report losses from forex losses By Kao Shih-ching / Staff reporter Nan Shan Life Insurance Co (南山人壽), Shin Kong Life Insurance Co (新光人壽) and Taiwan Life Insurance Co (台灣人壽) reported losses last month due to foreign exchange losses, the companies’ data showed. Nan Shan Life on Thursday reported a net loss of NT$2.36 billion (US$82.98 million) for last month, as the company set aside additional reserves of NT$3 billion to write off part of its foreign exchange losses amid the New Taiwan dollar’s appreciation against the US dollar. The company’s first-year premiums (FYP) fell 2 percent annually to NT$7.38 billion last month, and its cumulative FYP totaled NT$97.8 billion for the first 11 months, down 38 percent year-on-year. ....