Because Taiwan has yet to join the Common Reporting Standard for Automatic Exchange of Financial Account Information in Tax Matters (CRS) and mainland Chinese customers have been actively purchasing OIU policies, the Taiwan OIU market has sold 164 policies in the first four months of 2017. Premiums totaled USD46.35 million, nearly NTD1.4 billion, more than the USD44.41 million annual results of the previous year.  The latest statistics of OIU have been released, which include nine companies of Nan Shan Life, Cathay Life, TransGlobe Life, Taiwan Life, Fubon Life, Shin Kong Life, Mercuries Life, Chubb and China Life.

The cooperation between Nan Shan Life and Citibank has been fiercely seizing the OIU market. Nan Shan Life obtained eight OIU policies in a single month of April, the total premium of which reached USD9.54 million, setting a new record of the highest OIU premium income in a single month by a single company. Each of the eight policies of Nan Shan Life is a large policy, averaging USD1.19 million per policy, approximately NTD35.91 million. The aggregate OIU premium income of the first four months of 2017 of Nan Shan Life has reached USD18.14 million, accounting for nearly 40% of the entire market.

Mainland Chinese customers have made the greatest contribution to the explosive performance of OIU. According to the statistics of the life insurance industry, among the 164 offshore policies of the first four months of 2017, as high as 27% were purchased by mainland Chinese customers.