COVID-19 Monday Roundup 3 August 2020

Another week with record new case numbers and fatalities in Australia, continuing to be dominated by Victoria. Six vaccine candidates have now reached Phase Three trials globally, whilst locally a Phase Two trial managed by Flinders University has been approved.  CPI records the largest drop on record, dominated by free childcare and low petrol prices. And in terms of understanding the disease, there’s increasing evidence of long-term health implications as a result of COVID-19 with an Italian study showing that after 60 days from onset only 13% of patients reported being symptom free.

The future of travel insurance

In response to COVID-19, the Australian Government introduced an indefinite ban on all overseas travel in late March 2020. With major Australian airlines speculating international flights won’t resume until at least July 2021, the travel industry is likely to endure long-term ramifications. Danielle Casamento considers the impact that changing customer expectations and travel behaviours might have, and what the ‘new normal’ might be for the industry in a post-COVID-19 world.

Videos & Podcasts


Spending in retirement and the taper rate

In line with the successful launch of the 'Dialogue paper Spending in retirement and the taper rate', author Andrew Boal recently joined John McLenaghan on the Actuaries Institute podcast to discuss the key points and recommendations of the paper.


Developing the retirement income framework

Earlier this month, the Actuaries Institute released another publication in its Dialogue series - Developing the retirement income framework. Written by Anthony Asher, Convenor of the Retirement Incomes Working Group (RIWG), the Dialogue explores the case to be made for a compulsory longevity risk management element to be added to superannuation products.

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"As the market slowly recovers to a new ‘normal’, customer demands will change fundamentally. Cautious travellers will likely lead to lower sales volumes (less trips taken) but higher value products (demand for more coverage). Eventually as focus on the pandemic subsides, customer demand for the more ‘basic’ products can be expected to resume."
Danielle Casamento
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