Published Date: August 11, 2008 TAIPEI, Taiwan—Global insurance players are increasingly seeking to tap what they see as rich opportunities in emerging markets, but doing so successfully means clearing a variety of hurdles including product design and distribution and securing the talent necessary to staff local efforts. Speaking as part of an Executive Panel of World Leaders at the 44th Annual Seminar of the International Insurance Society Inc. in Taipei, Taiwan, Steve Chen, president of Taipei-based Fuban Insurance Co. Ltd., noted that "Over the past 20 years, the insurance industry has become increasingly global." He cited three "driving factors" behind that trend: deregulation, insurers' leveraging core skills and assets and insurers' search for growth. Among the common characteristics of companies that succeed...
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