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Bafin Calls for Improvements in Hybrid Products - Insurance Industry-Today
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Bafin's financial supervisory authorities are admonishing the need to catch up with life insurers who sell dynamic hybrid products. The popular policies rely on a mix of security and return, but they also contain risks for other policyholders, as Bafin noted on the basis of an investigation. The industry is aware of this open flank, but supervision now demands a more decisive approach from the providers. Bafin's contribution calls for improvemen…
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