ICAT workstreams overseen by other boards (non practice area)

Meta-research - review of other models

Code: Pan1

Lead: David Shaffer, Natasha Naidoo, Mei Chan

Detail: Evaluation of COVID-19 pandemic models for suitability for use by actuaries for actuarial purposes.

Outputs: 

• COVID-19: Using an Automated Chain Ladder technique to predict ultimate Daily Deaths in a live environment
• ICAT – PAN1: Pandemic Model Meta-research

National narratives

Code: Pan2

Lead: Kate Dron

Detail: To cover the 50 countries represented by IFoA members volunteering for ICAT. 2 people per country.  Wikipeadia format so other people can add material. UK split into additional sub-areas (with potential to link to the COVID-19 Actuaries Response Group).

Outputs:

• International Data Source Log - November 2020
   
• Global product innovation in the pandemic - part 1 (non-life) - December 2020
   
• National Narratives on COVID-19 - Introduction - January 2021
   
• National narratives - Brazil - January 2021
   
• National narratives - Ghana - January 2021
   
• National narratives - India - January 2021
   
• National narratives - Malawi - January 2021
   
• National narratives - New Zealand - January 2021
   
• National narratives - Poland - January 2021
   
• National narratives - Singapore - January 2021
   
• National narratives - United Arab Emirates - January 2021
   
• National Narratives on COVID-19 (Presentation from Actuarial Innovation in the Covid-19 era event series) - April 2021
   
• Updated National Narratives on COVID-19 as of 30 April 2021

Pandemic Funds

Code: Pan3

Lead: George Maher

Detail: Consideration of national, regional or international funds to support pandemic responses.

Outputs: This workstream has closed

Impact on incomes and inequality

Code: Pan4

Lead: Arran Nolan

Detail: Examine the short and long range effects of the COVID-19 pandemic on incomes and inequality.

Outputs:

• Blog: Income and Inequalities - thoughts as we emerge from lockdown
• Blog: Unforeseen challenges: An insight into volunteering on an IFoA pandemic working group
• Paper: Small businesses weathering the COVID-19 storm
• Paper: Has the fairness or the prosperity of a country led to better health and economic outcomes from the COVID-19 pandemic?

This work product explores the hypothesis “It is the level of equality (fairness) in a country rather than its level of GDP per capita (prosperity) that has led to better health and economic outcomes from the COVID-19 pandemic.”. The hypothesis is explored by correlating income inequality and GDP per capita with health and economic outcomes. Authors: Andrew Robinson, John Branford, Inviolata Naliaka Wafula, Sukrita Singh.

Impact Investing, a 3-Part Series by Rahul Kapur

1. Impact Investing – Can We Make Returns and Reduce Inequality? - January 2021
2. Impact Investing by Pension Funds – Towards a better future - May 2021
3. Impact Investing in Insurance - A Virtuous Cycle - November 2021

Use of technology in pandemic management

Code: Pan5

Lead: Danny Saksenberg; Edward Plowman

Detail: Evaluation of technology being used in pandemic crisis management, and consideration of future potential technology responses.

Outputs: pending