COVID-19 in the UK and US: Understanding the impact on insurance, retirement income and other financial services risks

Date: Thursday 15 July 2021
Time: 2.00pm – 4.00pm BST (9.00am – 11.00am EDT)

The UK and the US have been heavily impacted by the COVID-19 pandemic. But what is the impact on these critical financial services sectors, and what happens next?

Last Summer, we held a discussion webinar, co-hosted with the Institute and Faculty of Actuaries, that took a deep-dive into  what the pandemic means for these sectors as a result of any changes to expected mortality, life expectancy and health.

One year on, we reconvened our panel of expert actuaries to ask:

  • How has the pandemic affected the views of actuaries on future longevity, mortality and health?
  • What was expected/ predictable, and what has changed?
  • What has this, and will this, mean for financial services, including retirement income, pension schemes, annuities in the UK?
  • What has this, and will this, mean for financial services including retirement income, investment and risk, healthcare and aging in the US?
  • What happens next?

This event was chaired by Trevor Llanwarne (ILC Trustee)

Speakers included:

  • Adrian Pinington, COVID Actuaries Response Group
  • Caroline Roberts, The Phoenix Group
  • Douglas Anderson, Club Vita
  • Anna M. Rappaport, Society of Actuaries Aging and Retirement Steering Committee
  • Max Rudolph, Rudolph Financial Consulting
  • Ed Pudlowski, MorningStar Actuarial Consulting
  • Matt Gurden, Government Actuary’s Department