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4.4 of 5 Points

WEB SESSION

15 Jun 2020

Web Session: Novel Coronavirus – The Impact on Life Insurance Mortality and Underwriting,...

The current pandemic due to COVID-19 raises many questions regarding the modelling of the propagation of a new virus, with specific characteristics, and with incomplete historical data. In this context of epidemics in an early stage, estimating the key parameters of the dynamics (infection rate, fatality rate) remains challenging, along with the resulting impact on life insurance.

The web session "Novel Coronavirus – The Impact on Life Insurance Mortality and Underwriting, and Related Modelling Challenges" will first provide a high-level presentation of the many issues related to COVID-19 that impact life insurer mortality. This will be followed with some early mortality experience and a discussion about the difficulties in using this data.  The web session will also provide with some ideas for changes to life insurance underwriting to help cope with COVID-19. Finally, the last part of the web session will be dedicated to present and discuss the modelling challenges related to this pandemic.

Organised by the EAA - European Actuarial Academy GmbH.

Participants

The web session is open to all interested persons working within the insurance industry.

Technical requirements and test session
Please check with your IT department if your firewall and computer settings support web session participation (the programme GoToTraining is used for the web session). Please also make sure that you are joining the web session with a stable internet connection. 

On 9 June 10:00 – 10:30 CEST, there will be a test session offered to all registered participants to test the software.

Purpose and Nature

The aim of this web session is to provide an overview of the modelling challenges related to the Corona pandemic and to discuss its impact on the insurance industry.

Language

The language of the web session will be English.

Lecturers

Alexandre Boumezoued
Alexandre is leading the Research & Development team in Milliman Paris office, covering modelling topics in life and non-life insurance as well as financial risks. Alexandre's current research interests deal with stochastic population dynamics and its use for longevity and mortality risks purposes, stochastic micro/macro non-life reserving models, as well as calibration methods for interest rate and credit risk models.

Al Klein
Al a principal and consulting actuary with Milliman’s Buffalo Grove / Chicago office. He joined the firm in 2009. Al’s primary responsibilities include industry experience studies and helping clients with mortality, longevity, and underwriting related issues. This may involve product development, assumption setting, and mergers and acquisitions. Al’s expertise on mortality and underwriting includes traditional products, simplified issue, final expense, older age, and preferred.

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4.4 of 5 Points


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