Pandemic Briefing – Risk Management implications of Coronavirus – for Management
The Institute’s COVID-19 Working Group has released a Pandemic Briefing aimed at assisting members advising their employers and clients on the risk management implications of the pandemic.
The most recent Pandemic Briefing covers a wide range of implications for actuaries as they advise businesses on responding to the current pandemic.
As an actuary employed by a life insurer, general insurer, bank, health fund or superannuation fund, the health and economic implications of the pandemic will impact the organisation as a business as well as the customers of the business.
As a consulting actuary the implications will impact the consulting business itself as well as the clients of the business and their customers.
The implications for pricing, reserving, valuations, underwriting, and product design are not considered in this note as these are addressed in separate briefing notes for each practice area.
The briefing also details practical steps that businesses can take, and questions that they should consider, in order to assess and manage their risks as part of their overall COVID-19 response
The Working Group is keen to hear your thoughts relating to this briefing. Please share them on the discussion forum here.
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