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C-Suite Europe: Insurers and banks - an important distinction

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You will be familiar with the expression: "If it looks like a duck, swims like duck, and quacks like duck, it probably IS a duck."

Now let's try it again from the top, applying the same formula: "If it looks like an insurer, acts like an insurer, and has a balance sheet like an insurer, then it most definitely IS an insurer."

Why

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