As competition hots up between financial centres with the globalisation of the world economy, the winners of new business will have to offer a variety of bespoke products for each market to stay top of their game
A profitable result of the increasing globalisation of the world economy is that investment and personal finance service providers have an ever-growing number of markets into which to sell. However, a correspondingly negative result of the global economy is that we face more competition than ever before. This is where Isle of Man-based companies have a big advantage for several reasons. One is the highly successful public/private partnership between the government and the island's life insurance industries. A second advantage is the balance the island has achieved between firm and credib...
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