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Taiwan accounting standards driving foreign life insurers out

Taiwan accounting standards driving foreign life insurers out

In recent months, Taiwan has seen an exodus of foreign insurers. These included Asian-market orientated UK insurer Prudential which, in June 2009, sold its agency distribution business to Taiwanese insurer China Life Insurance Company of Taiwan for a nominal amount of T$1 ($0.03).Free

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Vietnam is the fastest-growing economy in Asia after China and Cambodia, which inevitably generates enthusiasm in the country's banking and payments market But, even though bank loans and deposits have grown at an annual rate of 20% to 25% since 2000, cash remains king.