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.
This note is intended to support Appointed Actuaries in their preparation of Financial Condition Reports, as they consider the impacts that the COVID-19 pandemic and shutdowns have had on Non-Financial Risks.
As many actuaries engage in financial year end reporting, the latest Pandemic Briefing provides a summary of what insurers should consider in their reports, such as claim size and risk margins. It also provides a high level overview of premium setting considerations.
Posted 24 June 2020
Posted 28 May 2020
Posted 16 April 2020