Some insurance companies offer investment policies that guaranteed a high rate of return. When the investment return drops, due to economic situations, they suffer a large financial loss.
This has happened many times during the past decades. Some of the insurers found a way to "cheat" their customers and get out of the loss.
This is what they do.
http://www.fisca.sg/ArticleDisplay.aspx?ID=669
This has happened many times during the past decades. Some of the insurers found a way to "cheat" their customers and get out of the loss.
This is what they do.
http://www.fisca.sg/ArticleDisplay.aspx?ID=669
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