19 03, 2015

Longer lives pose growing opportunity, bigger risks for insurers

2015-03-19T16:52:31-07:00March 19th, 2015|Categories: Pension Funding|Tags: , |

A confluence of demographic and economic trends make longevity risks perhaps the biggest growth opportunity for insurers, but writing such long-tail coverage profitably also might present the industry with its biggest challenge in the decades ahead. Retirement financing and securing lifetime income are the main objectives for most annuities holders today, according to the latest “Voice of the Insurance Consumer” survey by Deloitte’s Center for Financial Services. That means the stage is already set for potentially dramatic market expansion, given [...]

23 02, 2015

Do our pension plans carry risk?

2015-02-23T22:25:16-08:00February 23rd, 2015|Categories: Pension Funding|Tags: , , , |

In 2013, the Saradha Group financial scam threatened to bring down the ruling government in West Bengal. The group ran fraudulent investment sch emes, collecting thousands of crores from lakhs of investors, promising astronomical 50% returns. However, it did not use investors’ money to build assets, but took it from new investors to pay the older ones. It was a classic example of a Ponzi scheme. It is ironical that while governments try to stem such fraudulent investment structures, [...]

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