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Pandemics: external resources

Pandemics: external resources

Virus

Commentary on Bulletin Risk Uncertainty Psychology and Judgement.

Tan SueeTan Suee Chieh, IFoA President, spoke to 600 actuaries in South East Asia (Malaysia, Singapore, Thailand, Indonesia, Vietnam, Khmer, Laos, Myanmar and the Philippines) in four separate Zoom meetings in the last two weeks (27 March to 10 April) on Risk, Uncertainty, Psychology and Judgement.

Using his background and interest in actuarial science, psychology, culture, change dynamics and other disciplines, he has woven a personal narrative on the unfolding COVID-19 crisis. This is Mr. Tan’s narrative and does not represent IFoA policy.

He spoke on risk, uncertainty, the psychology of risk preferences in different contexts in the COVID-19 crisis, and how good judgment can, and need to be brought to bear.  He also said that in an increasingly uncertain world, where risks cannot be modelled on a probabilistic basis, actuaries will increasingly need to develop, use and rely on judgement.

A summary of his presentation has been written up for the IFoA Pandemics Hub and a complete set of slides attached.

Other actuarial associations

International Actuarial Association (IAA)

Many of the actuarial associations around the world are producing and updating reports and data to help inform decisions in this very chaotic time. The IAA has created a webpage that consolidates links to much of this information.
 

Australian Institute

Pandemics Resource Centre:

Estelle Pearson, Principal at Finity Consulting, writes about what this pandemic situation means for General Insurance actuaries. View the article
 

Society of Actuaries

This Society of Actuaries Research Brief has been constructed to highlight some of the key features of the COVID-19 epidemic and contemplate the risks for the actuarial profession to consider in their work.
 

American Academy of Actuaries

View the AAA resources related to COVID-19.
 

Canadian Institute of Actuaries

View the CIA the CIA’s hub for COVID-19 content
 

Casualty Actuarial Society

View the latest announcements and resources related to the impact of the COVID-19 (coronavirus) outbreak on various CAS operations.
 

Actuarial Society of South Africa

Read the cover note for ASSA’s Covid-19 model update and the corresponding full report.


Actuarial Consultancies

Hymans Robertson

Aon

The Infectious Disease Response Site is designed as an online resource for clients and industry peers to access information and insight on risk exposures and human capital (duty of care) concerns emanating from an infectious disease event or outbreak.
 

Willis Towers Watson

View Willis Towers Watson COVID-19 resources hub.
 

SCOR

View SCOR’s press release on COVID-19.
 

Partner Re

The COVID-19 – CMO Update and Overview, created by Achim Regenauer, Chief Medical Officer PartnerRe, is intended only as a general overview of COVID-19.
 

Lloyds of London

McKinsey & Company

View the article from senior partners at McKinseys ‘Safeguarding our lives and our livelihoods: The imperative of our time.
 

LCP

View the LCP COVID-19 hub
 

Reinsurance Group of America (RGA)

Read the RGA's paper on COVID-19 Mortality Rates by Age and Gender: Why is the Disease Killing More Men than Women?

The RGA Knowledge Center provides resources on actuarial, risk, underwriting and medical insights related to COVID-19.


Academic publications

Imperial College London

Imperial College London presents the results of epidemiological modelling which has informed policymaking in the UK and other countries in recent weeks.
 

Lancet

The Lancet has produced a hub to assist health workers and researchers working under challenging conditions to bring this outbreak to a close and created a Coronavirus Resource Centre.
 

Oxford University Press

Access OUP's resources on coronavirus and related topics.
 

University of Oxford

Presentation by Dr Robin Thompson - How do mathematicians model infectious disease outbreaks?
 

Henley Business School 

Insights into the impact of COVID-19 on different areas of business and finance have been shared by academics from Henley Business School in a new book.


Other External resources

British Medical Association

The BMA answer questions about the impact of COVID-19 on work, training, education, and wellbeing of medical professionals.
 

Royal Society for Public Health

View RSPH's Statement on Coronavirus (COVID-19).
 

Association of British Insurers

The ABI have produced a guide to some of the most commonly asked questions surrounding the impact of COVID-19.
 

Organisation for Economic Co-operation and Development

OECD have developed an AI powered tool to enable individuals to allow the latest COVID-19 developments in any country.
 

Institute for Fiscal Studies

View IFS commentary on the Chancellors fiscal response to COVID-19.
 

Pensions and Lifetime Savings Association

The PLSA’s COVID-19 resources is designed to help its members deal with short-term issues and prepare for the longer-term effects of the COVID-19 pandemic.
 

Isaac Newton Institute 

The INI programme on Infectious Disease Dynamics has a series of reports and seminar listings with recordings and pdf slides available to those with strong mathematical backgrounds wishing to learn more about pandemic modelling.
 

What Happens Next? 

COVID-19 Futures, Explained With Playable Simulations, by Marcel Salathé & Nicky Case. 
 

Royal Statistical Society 

See the latest news from the RSS' Covid-19 Task Force.


Select Committees

Treasury Committee 

Committee hearing on Wednesday 15 April 2020. Oral evidence session with Sam Woods, Deputy Governor Bank of England and CEO of the Prudential Regulation Authority, that feeds into the committee's inquiry into the economic impact of COVID-19. 
 

Health and Social Care Committee

Committee hearing on Tuesday 5 May 2020. The Committee questions the Chief Scientific Adviser and Deputy Chief Medical Officer on the progress the UK is making in relation to COVID-19, and the modelling and data that is being considered. This forms the fifth session in the inquiry into the management of the COVID-19 outbreak.

Committee hearing on Tuesday 17 March 2020. The focus on this session includes  preparations for hospital and community services to deal with a potential COVID-19 epidemic, likely impact on routine NHS services, risks to patients and staff, and information sharing and co-ordination with other agencies and the public.

Committee hearing on Thursday 5 March 2020. The CMO for England, the UK Government's Chief Medical Adviser, is asked to detail current planning to deal with an upsurge in cases of COVID-19, preventative measures to safeguard public health, options for containing the virus and how prepared the NHS is to deal with a major outbreak. 
 


Official sources

UK Government

This includes guidance on social-distancing, staying at home, travel advice, NHS information and links to the latest government announcements.

Read the Government Actuary's Department news article on how they are supporting the government’s fight against coronavirus.

World Health Organisation

The World Health Organisation has developed a hub with information on how to keep yourself safe, situation reports, updates on research and development, and myth-busters.
 

Bank of England

Bank of England measures to respond to the economic shock from Covid-19
 

The Pensions Regulator

COVID19: What pension schemes need to consider
 

Financial Conduct Authority

The FCA has significant resources focused on responding for the firms it regulates.
 

Financial Reporting Council

View the guidance for companies and auditors during the COVID-19 crisis.
 

Office for Budget Responsibility

Coronavirus reference scenario
 

Office of National Statistics

Latest data and analysis on coronavirus (COVID-19) in the UK and its effect on the economy and society.

 


*This page contains links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, the IFoA cannot take responsibility for pages maintained by external providers. 

The IFoA takes no responsibility for information contained on external links from this website. Views expressed by individuals and organisations on external sites are not necessarily those of the IFoA itself.

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Events calendar

  • GIRO 2020 Virtual Conference

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

     

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area

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    Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.

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    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

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    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

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    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report. 

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    Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.

    We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.