COVID-19 Actuaries Response Group

How does COVID-19 affect the economy?

Bulletin 37 | Joseph Lu

The pandemic has killed many: is the economy next on the list? In this bulletin Joseph considers what has happened so far, and what the prospects are. How can we bounce back?

To prevent spread, we had the lockdown: pubs and shops shut, construction halted, many people losing money, many workers furloughed; many jobs may go. Prolonged lockdown is bad for mental, physical and economic well-being. How do we return to some new normality safely? How do we balance pandemic controls with the need for travel and trade?

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Joseph Lu

Director of Longevity Science - Legal & General

Joseph Lu leads a multidisciplinary team of experts to research mortality and longevity risks of international populations. He works for Legal & General, one of the UK's leading annuity providers.

His work is relevant to insurance products such as annuities, life protection, lifetime mortgage and pension de-risking solutions such as Pensions Buyouts and Buy-ins as well as Longevity risk solutions.

He is active in research & development with the Actuarial Profession which includes being the co-author of 2 prize-winning papers ‘Longevity in the 21st Century’ and ‘Two Dimensional Mortality Data: Patterns and Projections’ presented to the Institute and Faculty of Actuaries.

He has been voted Life Actuary of the Year by the actuarial community through the Actuarial Post.

He has been working with the Longevity Science Panel, bringing together experts from various disciplines to understand the implication of scientific development on longevity.

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