Group 1 - The report from BNP Paribas indicates that Taiwan's life insurance industry is expected to face approximately NT$180 billion in foreign exchange-related impacts due to the appreciation of the New Taiwan Dollar in May, foreign exchange gains and losses, and the effectiveness of various hedging tools [1] - Traditional hedging tools such as non-deliverable forwards (NDF) are becoming too costly, which may lead life insurers to seek alternative hedging strategies [1]