How actuarial perspectives can help in a pandemic

Abstract

The analysis of risk (in particular, mortality, morbidity, or equivalent non-life claims incidence), and associated risk management;The mathematics of finance;Developing models of future relating to contingent events (typically, cash flow models), and related aspects such as an appreciation of model risk, and a mature approach to model validation. [...]in my field of work in the context of demographic risk, assumption setting, and the development of capital models in the UK and across EMEA, I have been surprised by the lack of interest and activity to date in considering how the pandemic might reasonably change our views of the future – whether best estimate or extreme scenarios. Overall, there are many ways that actuaries involved in life insurance and pension fund work in particular can help within their “formal” areas of expertise.