Events Library

The after effect following the Pandemic is not pretty – both economically and on human lives.   This webinar will focus on the observations following the Covid 19 Pandemic towards human mortality experience and modern actuarial techniques to project and manage future similar (un)expected crisis to mortality experiences. When it comes to the impact of COVID-19 on mortality, it is necessary to consider not only the direct impacts but secondary impacts, such as suicide. We will present an analysis of Covid 19 on excess mortality using the Lee Cater model and Japanese data set. Following from there, we will present more modern Mortality models to incorporate jump effects to capture the adverse mortality shocks which might be caused by population events such as pandemics. Finally, the research will demonstrate three discrete time mortality jump models, which differ in terms of the duration of the jumps - transitory or permanent, frequency of the jumps - comparing models by using Spain, Sweden and Japan mortality data and analyse their ability to capture the mortality deterioration caused by several population events over the years including COVID-19 pandemic.  

The objectives of the guidelines are to provide guidance to these different stakeholders in their work as it relates to the planning, management, financing and provision of social security benefits. The guidelines are structured to provide a list of issues to consider and recommendations in the carrying out of these duties.

Join us for an insightful discussion with Helen Rowell, Deputy Chair for the Australian Prudential Regulation Authority, and Michael Zhu, Risk Advisory Group at Ernst & Young. Helen Rowell will provide an overview of what good ESG governance looks like and share results from recent research on climate risk and the implications for governance and how we measure risks. Helen will provide the Australian regulators’ perspectives and approaches to ESG-Governance and also, as the Australian representative on the International Association of Insurance Supervisors, she brings an important and relevant global view. Michael Zhu will provide a case study illustrating how China’s regulators are capitalizing governance risk, and looking at how this approach might be used more broadly. Michael will introduce the requirements set by the Chinese regulators, which emphasize how insurance institutions should bring corporate governance into their management processes and risk management frameworks.  Collectively, Helen and Michael will help us explore how insurance institutions globally can strengthen their governance practices to accelerate their ESG goals.

Similar to any social security system, insurance and pension funds have a function in stable societies to promote social economic development. They are shock absorbers and a safety net of national socio-economic development. In particular, insurance and pensions provide several solutions on societal risk in health, poverty and longevity. Green insurance has become popular. On the one hand, the insurance industry provides solutions to mitigate societal risks, on the other hand, it also vigorously promotes the implementation of the concept of sustainable development in the insurance operation. In this webinar, two experts from the UK and China will share perception and practices on how insurance and pension help manage societal risk and how they promote social sustainable development from western and eastern perspective respectively.

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