# Shin Fu Life Insurance

Shin Fu Life Insurance is an Insurance based in Taipei, Taiwan.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Taipei, Taiwan
- **Region:** Asia
- **Address:** Taipei, Taiwan
- **Founded:** 1993
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Shin Fu Life Insurance is a Taiwan-based insurance company with a focus on Asia. It manages one fund.

## Sectors

- Real Estate

## People

- Teng Wen-chung (Eric Teng) — Founder and former Chairman

## Questions

### Who ran investment decisions at Shin Fu Life Insurance?

Founder Teng Wen-chung (Eric Teng) controlled the firm as its Chairman and majority shareholder. His direction led the firm to accumulate a concentrated portfolio of prime Taiwanese real estate. Business partner Huang Cheng-yi served as Vice Chairman prior to the firm's collapse.

### What happened to Shin Fu Life Insurance's assets?

In 2015, following Teng Wen-chung's conviction for embezzlement and money laundering, the Taiwan Insurance Guaranty Fund (TIGF) was appointed receiver. TIGF managed an auction process that resulted in Cathay Life Insurance acquiring the assets and liabilities of Shin Fu Life Insurance. The prized Xinyi District D3 plot was among the transferred assets.

### What were the major real estate assets Shin Fu Life Insurance held?

The portfolio centered on the Xinyi District D3 plot and an adjacent parcel in Taipei, along with development land near the Greater Taichung high-speed rail station and a site in Hsinchu. The firm also maintained an offshore unit trust, SFIP-1, registered in Singapore and the Bahamas.

### Does Shin Fu Life Insurance still operate?

No. Shin Fu Life Insurance ceased to exist as an independent entity in 2015. Its operating license, assets, and policyholder liabilities were transferred to Cathay Life Insurance after a government-managed insolvency process administered by the Taiwan Insurance Guaranty Fund.

### How is the Taiwan Insurance Guaranty Fund relevant to Shin Fu's story?

TIGF acted as the statutory receiver and auction manager for Shin Fu Life Insurance when the firm became insolvent. It is a government-backed entity designed to protect policyholders and stabilize the insurance market by managing failed insurers and facilitating the transfer of their books to solvent acquirers like Cathay Life Insurance.

## Related profiles

- [Shikoku Motor Corporate Pension Fund](https://altss.com/profile/shikoku-motor-corporate-pension-fund)
- [Shinhan Financial Group](https://altss.com/profile/shinhan-financial-group)

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Last updated: 2026-06-03T20:00:00.000Z

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