Session VII: 13 July 2011
Presentation: Challenges of Developing Pension Schemes for Takaful Providers
Presented By: Zainal Abidin Mohd. Kassim
Designation: Senior Partner, Actuarial Partners Consulting Sdn Bhd
Challenges of Developing Pension Schemes for Takaful Providers
Agenda:
- Where we were last year
- Takaful Annuity Experience in Malaysia
- Can the SATK annuity product be replicated 10 years on?
- Recent Developments in Takaful in Malaysia
- Takaful Annuity
- What actually do we need the post retirement income for?
- New Approach to Takaful Annuity
- Go straight to the needs?
- Opportunity for Takaful Annuity
Session VII: 13 July 2011
Presentation: Takaful Provision for Long Term Care Needs
Presented By: Omer Morshed
Designation: Chief Executive, Sidat Hyder Morshed Associates (Pvt) Ltd
Takaful Provision for Long Term Care Needs
Agenda:
- Background
- The Phenomenon of Ageing
- Percentage of World Population at Higher Ages
- Distribution of Aged Population By Region
- Solutions
- Aspects of Old Age Care
- Responsibility for Long Term Care
- Is the Role of Takaful Companies any Different than of Conventional Insurers?
- Conventional Long Term Care Insurance
- Long Term Care Insurance Market
- Takaful and Long Term Care
- Generic Issues
- Takaful Specific Issues
- Issues Arising Related to Reserving
- Solutions to Issues
Session VII: 13 July 2011
Presentation: The Need for Longevity Sukuk for Takaful-Based Pension Provision
Presented By: Faizal Manjoo
Designation: Lecturer, MIHE
The Need for Longevity Sukuk for Takaful-Based Pension Provision
Agenda:
- The case for risk transfer
- Why risk sharing
- Basis of the Global Financial System
- Lessons from the 2008 Financial crisis
- How risk sharing works
- What is required for risk sharing to work
- Does Homo Islamicus exist?
- The choice between retakaful and reinsurance
- The Should Nots
- Actuarial Partners Should retakaful be done by pooling across all cedants in a year or separately for each cedant across several years
- Can retakaful deal with highly volatile risks
- So why is retakaful different from reinsurance?
- So (really) retakaful or reinsurance?