- ABI responds to open letter from small business owners and representatives
- FERMA calls on EC to create an EU resilience framework for catastrophic risks to address the severe shortage of BI insurance without physical damage
- Verisk projects that the number of cases globally from the COVID-19 outbreak over the next four weeks may reach 50 million total cases, with 644,000 estimated deaths
- CII Public Trust Index indicates consumer and business trust in the insurance profession was improving before pandemic
- Better links between Insurance and Academia are critical to further understanding systemic risk says The Lighthill Risk Network
- High Court of England and Wales approves Lloyd’s EEA policyholder strategy
- Insurance Europe publishes comments on GDPR ahead of the European Commission’s upcoming review expired
- Cyber insurance becomes the new norm with spike in online sales in the UK, says GlobalData expired
- Take up of Warranty & Indemnity insurance in M&A deals is up from 6% to over 40% in the past five years says Lockton expired
- PRA publishes PS14/20-Solvency II: Prudent Person Principle feedback expired
- Hemphill appointed Catalina Non-Executive Chairman expired
- SCOR Board to propose that no dividend be distributed for the 2019 fiscal year-Chairman/CEO Kessler to accept remuneration cut expired
25th March 2020
COVID-19 Actuaries’ Response Group formed
A group of industry professionals have created a COVID-19 Actuaries’ Response Group to provide a forum for actuaries and others to learn how to respond to the current pandemic.
The group currently has 11 members and was launched earlier this month, as Italy’s Lombardy region was being shut down in response to the virus.
The group launched its charter setting out six principles, such as seeking science and data and “bringing an innovative approach in framing both the problems and solutions”.
The group’s plan is to put out materials that will be of benefit to actuaries and their employers and clients. This might include a discussion on the virus itself, how it can be modelled, a forecast impact on mortality and health services and various strategies that different countries are employing to combat it.
Its current membership includes Matthew Edwards, Consulting Actuary at Willis Towers Watson, who has just published the group’s first paper on COVID-19 entitled: “Is the Imperial College pandemic modelling work ‘fit for purpose’?"
In particular, the paper highlights specific areas where the Imperial College modelling-one of the main models informing the UK Government's response to the Coronavirus-looks open to challenge.
Wills Towers Watson Trends(230 articles)