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Taiwan life insurers in line for shake-up
August 12, 2009
The move by island regulators to take a mid-sized life insurer into temporary receivership is expected to put smaller firms in the industry under increased pressure, weakening customer confidence and highlighting reputational risk. The chances are that more could falter and seek government help or go bust.
The move by Taiwan’s Financial Supervisory Commission (FSC) to take a mid-sized life insurer into temporary receivership is likely to accelerate a shake-up of the industry.
In the next few months, the strongest players are likely to plough on...
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