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Round up of financial news and opinions

Longevity, Reserves, and Annuities—A Difficult Circle to Square

With life expectancy increasing at the rate of 12 minutes per hour, the cost of funding pensions is going up all the time. Sponsors and scheme trustees need to react with care.
Understanding and Calculating Probable Maximum Loss (PML)

This article describes what probable maximum loss is and how it is calculated.
The Insurance Sector: Plenty Of Silver Lining To Be Found

Despite the high-profile disaster of AIG, the insurance sector came out of the crash in much better shape than the banks. However, it still has to face the challenges posed by the downturn.
Stress Testing to Evaluate Insurance Cover

This article outlines ways to ensure that insurance policies provide the kind of robust protection businesses need to protect them against risks, both physical and financial.
Islamic Insurance Markets and the Structure of Takaful

Insurance for Islamic customers has to conform to shariah practices and be "approved" as avoiding interest and abiding by strictures against gambling and "gharar" or uncertainty.

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