IAA Releases Paper on Actuarial Considerations Around Pandemic-Related Risks

IAA Releases Paper on Actuarial Considerations Around Pandemic-Related Risks

The International Actuarial Association (IAA) is pleased to announce the publication of the paper Actuarial Considerations Around Pandemic-Related Risks developed by the IAA’s Pandemics Task Force.

This is an educational paper intended for an audience of actuaries, especially those who may not have been closely involved with pandemics research or analysis, as well as non-actuarial stakeholders who wish to consider the actuarial response to future pandemics.

The COVID 19 Pandemic as well other pandemics such as HIV/AIDS and the 1918 influenza pandemic have brought several critical factors into play that have reshaped global perspectives and responses. This paper provides a high-level retrospective of the lessons we have learned to date, offering valuable insights for future preparedness.

Several key themes have emerged from a review of the impact of pandemics on the actuarial profession, and these are generally true across all practice areas. The paper examines the lessons across the key practice areas for actuaries and the broader economic and societal impact and the resilience of the financial sector.

This paper is the first in a series of three papers, aimed at creating awareness and increasing the recognition for the potential contribution of actuaries as risk experts can make in planning for and managing pandemic-related risks. This paper is available on the IAA website PUBLICATIONS / PAPERS / HEALTH.

The Pandemics Risk Task Force will host a webinar later in the year to present this paper. Information about the webinar will follow when the details are finalised.

This activity advances the IAA’s mission and strategic objectives to provide key supranational institutions with actuarial expertise on issues of relevance in global forums and to promote the advancement of scientific knowledge and skills of the actuarial profession.

To learn more about the work of the IAA on this topic, contact the Director of Technical Activities at the IAA Secretariat.

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