Actuaries’ call to arms: Experience from across the pond

This article originally appeared on the CIA COVID-19 Hub.

Content submitted by Didier Serre, FSA, member of the CIA Health Committee.  

In the midst of the COVID-19 crisis, how can actuaries help? Recently in the UK, a group of actuaries, the COVID-19 Actuaries Response Group, united to support the UK government improve its policy response to the COVID-19 pandemic using what we know best – data. Our ability to interpret, critically assess, and feed data into dynamic models is expected to benefit various UK government agencies currently under increased pressure to act.  

A call to arms, as formulated by the COVID-19 Actuaries Response Group, is a great example of what the actuarial community, in partnership with leading epidemiologists and longevity specialists, can do in times of crisis. In the past century alone, actuaries have played a crucial role in healthcare, contributing to the design of national healthcare systems and insurance coverage in Canada, the UK, and abroad.  

High-impact public health interventions are a global priority, and we encourage actuaries willing to offer some of their time to contact the response group, or follow their LinkedIn page and participate in the forum discussions. 

Our risk management expertise and actuarial best practices can assist our local, provincial, and federal governments, and ultimately our community at large, fight this new global risk. Our modelling skills can help, so, will you?  

Reach out to the CIA at covid-19@cia-ica.ca with your ideas or to offer your volunteer support on Canada’s actuarial response to COVID-19. 

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