COVID-19 Actuaries Response Group

Variants of Concern

Bulletin 119 | Matt Fletcher

As we move through the pandemic, more SARS‐CoV‐2 variants continue to emerge. Most have no features of particular interest, but some emerge that are deemed “of concern” because of:

  • their speed of spread
  • the severity of illness they cause
  • the likelihood that they may “escape” the vaccines and / or infect those who have been previously infected.

The first variant of concern (VoC) that came to the attention of the wider public in the UK was B.1.1.7 (“Kent”) which we discussed in our December 2020 bulletin, “A tale of two variants”.

This spread more quickly than existing strains, and is widely believed to been a key driver behind the second wave of infection and deaths seen in the UK as well as elsewhere in the world.

As the UK takes steps out of lockdown, we are seeing news about different VoCs, particularly B.1.617.2 which first emerged in India. In this note, we focus on B.1.617.2 but we recognise that there are currently five VoCs, and a further eight variants under investigation.

We conclude that B.1.617.2 does appear to be worthy of additional concern although it is still possible that additional data will show that the variant is not spreading significantly more quickly than existing variants.

We also note that, whilst this variant’s eventual impact in the UK may be muted due to the high level of vaccination in this country, countries with lower levels of vaccination will need to be vigilant about the importation and spread of this and similar variants.

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Matthew Fletcher

Senior Consultant - AON

Matt has over 20 years’ consultancy experience, including over 10 years as a specialist in mortality and longevity. He works in Aon’s Demographic Horizons team, advising insurance companies and pension funds on setting best estimates and evaluating risk for longevity and other demographic assumptions, both in the UK and overseas.

Matt chairs the CMI Self-Administered Pension Schemes (SAPS) Committee, which produces mortality tables that are used extensively in the pensions and insurance industries.

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