The technical and product
expertise of foreign partners, coupled with increased investment is likely to lead to better products and offerings for insurance customers over the long term.
Not only does United offer flights to a variety of major global cities, but it's also a member of the Star Alliance, which has a
number of foreign partners, such as Lufthansa and Singapore Airlines.
«Hong Kong has an opportunity to proactively use its autonomy to further strengthen its impressive economic competitiveness, as well as its inherent value proposition in the
eyes of foreign partners,» he said.
The Treasury is also plugging some loopholes in its longstanding anti-inversion rules that require
shareholders of the foreign partner to own more than 20 per cent of the new company.
On the one hand, while Indian management control has ensured that all decisions, appointments can be made only with majority nod of Indian shareholders, possible
exit of foreign partners in companies like Bajaj Allianz, as news reports suggest, will further add up to Indian partner control.
The UK and European partners are happy because they are being paid what they expected to be paid and because the number of U.S. partners is, for most firms, so much larger than the
number of foreign partners that the impact of the increased cost of buying the necessary pounds and euros has not become apparent on the firm's financial statements.
«With an increase in the limit, the insurance industry expects to get not only the capital but also technical and product
expertise of foreign partners.