Future challenges of the actuary in the takaful industry

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Reference no: EM132903183

Elaborate on How the points mentioned below can become the Future Challenges of the Actuary in the Takaful industry (one paragraph for each point, no words limit):

-The regulatory challenges within the Takaful industry due to the varying degrees of Shariah interpretations.

-The advancement of technologies tends to empower the actuary's routine works and sphere.

-The shortage of experienced talents

- Public opinion constantly changes on their need and wants. So, they have to be more careful in designing products.

-Pricing Takaful protection plan.

-Complex product features expected by customers and management.

Reference no: EM132903183

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