COVID-19 Actuaries Response Group

One year on…

On 10 March 2020, one year ago today, a group of us got together to discuss our concerns about the oncoming crisis. The UK had 373 confirmed cases and 7 deaths. The World Health Organisation had not yet declared COVID-19 to be a global pandemic. There was no doubt within the group though that, in the words of Tan Suee Chieh, “a tsunami is coming”. This was the first meeting of what became the COVID-19 Actuaries Response Group.

We resolved to bring rationality to the debate, aiming to strike a balance between alarmism and the complacency that still existed across much of industry and society. It was clear that modelling skills, medical and epidemiological insight and the ability to communicate complexity clearly would be valuable in the months ahead.

One year on and we have produced 110 bulletins on various aspects of the pandemic. Many of these were discussed in our retrospective Bulletin 100.

In this recent article, Matthew and Joseph reflect on our first year and discuss our ethos and future plans.

One year on! 

A screenshot of the founding team at an early meeting on the ARG.
The founding team at an early meeting of the ARG

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Matthew Edwards

Actuary & Director - Willis Towers Watson

Matthew Edwards is an actuary working at Willis Towers Watson, where he leads the life insurance practice’s demographic risk work, focusing on mortality, longevity and associated analytics.

He has a particular interest in the interface between actuarial work and medical science.

Before his (circa) twenty years at Willis Towers Watson (via legacy Watsons and Towers Watson), he worked for Aviva, including several years in Italy, and for the Actuarial Education Company tutoring life and mortality courses.

He is Chair of the CMI, Editor of the IFoA’s Longevity Bulletin and chaired the profession’s Antibiotic Resistance Working Party.

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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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