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Pandemics: IFoA actuarial resources

Pandemics Actuarial Resources

Continuous Mortality Investigation

During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing weekly mortality updates. All mortality monitor weekly updates are publicly available on the mortality monitor page.

* The CMI operates as a not-for-profit private company that is wholly owned by the Institute and Faculty of Actuaries (IFoA).
 

Addressing the Covid-19 pandemic

Articles

Blogs

Regulation

Webinars

Reports and papers 

  • COVID-19 report: Impact on distribution of protection products -This report considers the impact that COVID-19 has had, and continues to have, on the distribution of protection products in the U.K. We begin by considering the impact of the pandemic during the initial phase (when a strict lockdown was in place), the period following the strict lockdown and the potential long-term impact of the pandemic. Authored by Adele Groyer, Chris Reynolds and Vicky Gardner.
     
  • Countercyclical measures in Solvency II - This paper has been authored by a group of Life actuaries led by Paul Fulcher. The group has a focus on Capital Management and is working as part of the IFoA Covid-19 Action Taskforce.
     
  • Covid-19 Action Taskforce (ICAT) for General Insurance Pricing Actuaries: Case Study: Impact on Directors and Officers - How COVID-19 is impacting the work of Directors and Officers in General Insurance.
     
  • Economic hardship, health and COVID-19, (Health and Care) This bulletin is authored by Nicola Oliver and Scott Reid and is focused on the economic consequences of COVID-19 on employment and subsequent mental health outcomes.
     
  • COVID-19 and Future Pandemic Scenario Modelling for Property and Casualty (P&C) Insurers and Reinsurers - In this report Maryam Abdullah, Haedeh Nazari and Darshan Purmessur explore the various lines exposures to COVID-19 and look at the potential P&C market changes caused by it. They also attempt to define processes for P&C pandemic scenario modelling and exposure management.
     
  • COVID-19 and pandemic response unemployment - COVID-19 is causing a severe economic recession in the United Kingdom (UK) due to unprecedented government interventions to control the virus that was declared a pandemic on 11 March 2020 . In this bulletin Scott Reid, John Ng, Dr Chris Martin and Josephine Robertson focus on UK unemployment forecasts where the working group have provided an application using R-Shiny to enable actuaries to consider a range of expert opinions and functionality to create custom scenarios. The code for this is open access.
     
  • COVID-19 Report: Impact on social care (Health and Care) - In this paper James Cripps, Adele Groyer, Ian Collier and Fiona Fan look to provide some insight into the impact of COVID-19 on social care and the health and wellbeing of those receiving care. We focus on the UK, but we consider the relative outcomes in other countries and any insight that provides.
     
  • COVID-19 Report: Impact on New Business (Health and Care) - In this paper, Adele Groyer, Christopher Reynolds and Vicky Gardner consider the challenges posed by COVID-19 on the distribution and risk management of new business in the UK individual and group protection space.

  • COVID-19 Report: Supporting protection insurance and savings customers (Health and Care) - In this paper Richard Purcell and Nick Reilly consider the potential direct and indirect impacts of COVID-19 on customers and what can be done by government and UK providers of protection insurance and long-term savings products to support them.

  • COVID-19 Report: Identifying insured customers more at risk (Health and Care) - In this Paper Scott Reid, David Beddows, Raunak Jha, Nicola Oliver, and John Ng review some of the key studies available to date to understand insights into the impact on mortality and morbidity at a high level from the perspective of an insurer, as well considering how COVID-19 may impact insured populations and which customers are likely to be most at risk.

Digests

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Events calendar

  • Autumn Pensions Webinar: To the end game and beyond

    Webinar
    2 December 2020

    Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Data Science in Banking - Opportunities and Risks

    Webinar
    3 December 2020

    Spaces available

    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.

  • UK Town Hall 08:30-09:30

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • UK Town Hall 10:00-11:00

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • Autumn Pensions Webinar: Cash is King - What next for CDI?

    Webinar
    4 December 2020

    Spaces available

    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.

  • Autumn Pensions Webinar: Legal update - The letter of the law

    Webinar
    7 December 2020

    Spaces available

    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

  • Autumn Pensions Webinar: Impact of Dividends

    Webinar
    8 December 2020

    Spaces available

    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. 

  • Sessional Webinar: To the end game and beyond

    Webinar
    11 January 2021

    Spaces available

    Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. Trustees and sponsors overseeing those schemes need to be clear on their target end-state and the associated journey plan – but too few have well articulated and robust plans.

  • Inside the Banking Boardroom – Opportunities for Actuaries

    Webinar
    14 January 2021

    Spaces available

    The actuarial skill set has much to offer the banking industry. So many of the skills that actuaries acquire during their working life translate across to the world of banking and yet banking is perceived as an alien environment to many actuaries. But is it?

  • An update from the IFoA’s Covid-19 Action Taskforce [ICAT] Risk Management workstreams

    Webinar
    25 January 2021

    Spaces available

    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.