Friday, January 17, 2020

How insurers cheat their way out of bad products

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

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