Imagine a room full of people running the odds on how long a stranger will live or die and then making bets on those odds. It could sound like an interesting scene in a movie, where questionable characters indulge in some casual underground gambling, but what Iโm actually describing is a room full of underwriters in the life insurance industry.
When you look at it that way, doesnโt the insurance industry sound fascinating? Itโs one of the biggest industries in the world and itโs all based on risks and making bets.
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