Having worked both in Finance on Wall Street - for an ethical shop with quality employees in a modest market (Munis) - and in Insurance/Risk Management, I can o

Having worked both in Finance on Wall Street - for an ethical shop with quality employees in a modest market (Munis) - and in Insurance/Risk Management, I can off-hand say that I think the actuaries and quants in Insurance are easily comparable in talents and abilities with Finance peers. Thus, I think some 'structured products' from the Insurance industry - rather than Finance as most people might think of it - are worth consideration. Sure, both avenues are regulated, but scams will show up in any industry. What I'm getting at is Insruance isn't supposed to be "flashy" - the numbers are supposed to work. As an aside, I do see the two trying out new, potentially risky synthetics called Insurance Linked Securities. Not sure it has been much of a market in the past - existed, sure, but there's a lot of sloshing Central Bank injected money looking for returns...and pension funds...and, well, everybody. Eek!