COVID-19 webinar #3 The new normal: implications for actuarial - - PowerPoint PPT Presentation

▶

Apr 17, 2023 20 likes •141 views

Thank you for joining us the webinar will start shortly COVID-19 webinar #3 The new normal: implications for actuarial modelling @ClubVita May 19 th , 2020 linkedin.com/company/club-vita 10am ET / 3pm GMT Special webinar #3

SLIDE 1

May 19th, 2020 10am ET / 3pm GMT

Thank you for joining us – the webinar will start shortly @ClubVita linkedin.com/company/club-vita

COVID-19 webinar #3 The “new normal”: implications for actuarial modelling

SLIDE 2

Douglas Anderson Webinar chair Founder

f Club Vita

Special webinar #3

COVID-19: the "new normal" and its implications for actuarial modeling

Dan Ryan Panelist Founder and Chief Science Officer, COIOS Research Rebecca Hann Panelist Longevity Risk Management Actuary, Legal & General Eli Greenblum Panelist Senior VP and Chief Actuary, Segal Steven Baxter Panelist Head of Innovation and Development, Club Vita

SLIDE 3

Today’s running order

1. Emerging science – Dan Ryan
2. The pension actuary’s perspective – Eli Greenblum
3. The life actuary’s perspective – Rebecca Hann
4. How data science can help – Steven Baxter
5. Discussion

SLIDE 4

The emerging science

SLIDE 5

Pension actuary perspective

SLIDE 6

Life insurance actuary perspective

SLIDE 7

How data science can help

SLIDE 8

The scale of the impact

Official “Missing”

Died, having tested positive COVID-19 mentioned on death certificate

“Missed”

Un-seasonally high mortality rates

An international problem with data. In UK double official tally

SLIDE 9

The impact on pension plans and insurers

Survivors Assumptions

Base Improvements

SLIDE 10

Is this a one-off?

How might assumptions be impacted?

Time Deaths 2020 COVID-19

1

Will survivors be “fittest”? Or impaired?

2

What are the long term impacts?

3

SLIDE 11

What might be the impacts of COVID-19?

Shorter term Longer term

Improved hygiene / reduced infectious disease deaths Impaired health

f survivors

Immunity of survivors Delayed treatments Changes to social care system Second / multiple waves New virus strain Reduced air pollution Long term financial impact Weaker economy

Longer lives Shorter lives

SLIDE 12

Thank you

@ClubVita linkedin.com/company/club-vita

Coming soon