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 US and UK?
- What happens next?
Challenge workshop: Work for tomorrow – Innovating for an ageing workforceILC- UK
ILC workshop supported by the Innovation Resource Center for HR, has launched an international competition – Work for tomorrow – to identify and award the most promising innovations responding to an ageing workforce across 4 categories:
- Maintaining good health
- Building knowledge, skills, and competence
- Addressing discrimination and supporting diversity
- Adapting the workplace
With an ageing workforce, we need to fundamentally rethink the way we work, learn and live. This affects not only older workers, but the way in which we plan the future of work for young and old alike.
Data, bots and drones – Transforming access to health through technologyILC- UK
This ILC webinar explored how digital technology can help improve access to health and increase uptake of vaccinations across Europe.
In 2019, ILC with the support of Sanofi, produced a report: Data, bots and drones: Can technology help increase uptake of adult immunisation?, which explored how technology could best increase access and overcome barriers to vaccination.
Delivering prevention in an ageing world: Using technology effectivelyILC- UK
What role can technology play in delivering prevention in an ageing world?
This webinar discussed what works in increasing the uptake of technologies that aim to improve access to preventative services.
Virtual report launch: Slipping between the cracks? Retirement income prospec...ILC- UK
Find out more and see a recording of the event here: https://ilcuk.org.uk/report-launch-the-forgotten-generation-retirement-income-prospects-of-generation-x/
ILC webinar: Under the microscope: Comparing countries’ experiences of the CO...ILC- UK
COVID-19 has had devastating effects on health systems and economies across the world and has put the importance of the prevention of ill health throughout the life course into sharp focus– from the importance of better pandemic preparedness to the need to promote the overall health of the population.
This ILC webinar is part of our “Delivering prevention in an ageing world” programme.
The panellists presented their country perspectives on how each of their countries have responded to COVID-19 and what we can learn from the pandemic for the prevention agenda going forward.
Policy briefing launch: Ready to rollout – Improving uptake of routine immuni...ILC- UK
We launched our policy briefing, commissioned by MSD, on improving uptake for routine immunisation across the life course in a post-pandemic UK.
This event was chaired by Shirley Cramer, former CEO of Royal Society for Public Health (RSPH)
Speakers included:
Rt Hon Dr Lisa Cameron MP, Chair of the APPG on Health
Joanne Yarwood, National Immunisation Programme Manager, Public Health England
Dr George Kassianos, National Immunisation Lead, Royal Society of General Practitioners
Rehana Ahmed, Immunisation Commissioning Manager, NHS England
Liam Hanson, Communications and Engagement Officer at ILC and author of the briefing
In many respects, the UK is an international example of best practice when it comes to immunisation, with good vaccine uptake rates and relatively low vaccine hesitancy. In particular, the UK’s COVID-19 vaccination programme has received a very high uptake rate of over 86.6% for the first dose among over-18s as of July 2021.
But we cannot afford to get complacent. The pandemic has further exposed inequalities in immunisation uptake in the UK. For example, uptake of the COVID-19 vaccine is 26% and 15% lower among those who identify as Black Caribbean and Pakistani respectively compared to those identifying as White British. There is also growing concern that routine immunisations will be missed or given less attention post-COVID.
Over the course of this year, ILC have been speaking to experts in immunisation from government and local authorities as well as healthcare professionals to discuss how the delivery of immunisation in the UK could be optimised, in particular through taking a life course approach; utilising data effectively; and getting commissioning right.
At this webinar, we launced a policy briefing with recommendations based on these discussions for the UK healthcare system to improve the uptake of routine immunisation post-pandemic.
ILC-UK, New Dynamics of Ageing and the Actuarial Profession debate: Improving...ILC- UK
Telecare and telemedicine can improve health outcomes and save money, argued the Prime Minister late last year. The Whole System Demonstrator (WSD) programme was set up by the Department of Health to attempt to, amongst other things, explore the evidence base as to the effectiveness and cost-effectiveness of these technologies.
The findings were striking. “If delivered properly, telehealth can substantially reduce mortality, reduce the need for admissions to hospital, lower the number of bed days spent in hospital and reduce the time spent in A&E” argued the DH.
The randomised control trial of over 6,000 patients found that if delivered properly, telehealth can deliver:
45% reduction in mortality rates
20% reduction in emergency admissions
15% reduction in A&E visits
14% reduction in elective admissions
14% reduction in bed days
8% reduction in tariff costs
Yet whilst claims about the potential of technology have been made for many years, embedding such technologies into people’s homes and lives has proved difficult.
The usability and accessibility of new technologies, the digital divide, a lack of funding for prevention, and a lack of trust and knowledge among healthcare professionals are among the many reasons why new technologies have sometimes failed to meet their potential.
At this event, Leela Damodaran, discussed how research into new technologies can help us age well and provide an overview of NDA research findings. She also highlight how we can most effectively deliver new technology.
Speakers presented the current evidence base in relation to the cost effectiveness of healthcare technologies.
ILC-UK presented findings of new work, supported by Nominet Trust, which will explore whether we can nudge people online.
As well as the debate, there were a number of Technology Showcases: Mappmal: hospitalfoodie; SomnIA; Design for Ageing Well; TACT3; Envision to envisage; Making the Kitchen Easier; NANA; Keeping Older People Connected; Safety on Stairs
Agenda from the event
15.00 – 16.30
Technology Showcases
16.30 – 16.35
Baroness Sally Greengross – Chief Executive, International Longevity Centre – UK
16.35 – 16.40
Alan Walker - Professor of Social Policy and Social Gerontology, Director of the New Dynamics
16.40 – 17.00
Mark Hawley – Professor of Health Service Research, University of Sheffield
17.00 – 17.10
Dr Nick Goodwin – Senior Fellow, Health Policy, The King’s Fund
17.10 – 17.25
Leela Damodaran – Professor of Participative Design and Change Management, Loughborough University
17.25 – 17.35
David Sinclair – Assistant Director, Research and Strategy, International Longevity Centre – UK
17.35 – 18.25
Discussion and Debate
18.25 – 18.30
Close - Baroness Sally Greengross – Chief Executive, International Longevity Centre – UK
18:30
Refreshments/Networki
Challenge workshop: Work for tomorrow – Innovating for an ageing workforceILC- UK
ILC workshop supported by the Innovation Resource Center for HR, has launched an international competition – Work for tomorrow – to identify and award the most promising innovations responding to an ageing workforce across 4 categories:
- Maintaining good health
- Building knowledge, skills, and competence
- Addressing discrimination and supporting diversity
- Adapting the workplace
With an ageing workforce, we need to fundamentally rethink the way we work, learn and live. This affects not only older workers, but the way in which we plan the future of work for young and old alike.
Data, bots and drones – Transforming access to health through technologyILC- UK
This ILC webinar explored how digital technology can help improve access to health and increase uptake of vaccinations across Europe.
In 2019, ILC with the support of Sanofi, produced a report: Data, bots and drones: Can technology help increase uptake of adult immunisation?, which explored how technology could best increase access and overcome barriers to vaccination.
Delivering prevention in an ageing world: Using technology effectivelyILC- UK
What role can technology play in delivering prevention in an ageing world?
This webinar discussed what works in increasing the uptake of technologies that aim to improve access to preventative services.
Virtual report launch: Slipping between the cracks? Retirement income prospec...ILC- UK
Find out more and see a recording of the event here: https://ilcuk.org.uk/report-launch-the-forgotten-generation-retirement-income-prospects-of-generation-x/
ILC webinar: Under the microscope: Comparing countries’ experiences of the CO...ILC- UK
COVID-19 has had devastating effects on health systems and economies across the world and has put the importance of the prevention of ill health throughout the life course into sharp focus– from the importance of better pandemic preparedness to the need to promote the overall health of the population.
This ILC webinar is part of our “Delivering prevention in an ageing world” programme.
The panellists presented their country perspectives on how each of their countries have responded to COVID-19 and what we can learn from the pandemic for the prevention agenda going forward.
Policy briefing launch: Ready to rollout – Improving uptake of routine immuni...ILC- UK
We launched our policy briefing, commissioned by MSD, on improving uptake for routine immunisation across the life course in a post-pandemic UK.
This event was chaired by Shirley Cramer, former CEO of Royal Society for Public Health (RSPH)
Speakers included:
Rt Hon Dr Lisa Cameron MP, Chair of the APPG on Health
Joanne Yarwood, National Immunisation Programme Manager, Public Health England
Dr George Kassianos, National Immunisation Lead, Royal Society of General Practitioners
Rehana Ahmed, Immunisation Commissioning Manager, NHS England
Liam Hanson, Communications and Engagement Officer at ILC and author of the briefing
In many respects, the UK is an international example of best practice when it comes to immunisation, with good vaccine uptake rates and relatively low vaccine hesitancy. In particular, the UK’s COVID-19 vaccination programme has received a very high uptake rate of over 86.6% for the first dose among over-18s as of July 2021.
But we cannot afford to get complacent. The pandemic has further exposed inequalities in immunisation uptake in the UK. For example, uptake of the COVID-19 vaccine is 26% and 15% lower among those who identify as Black Caribbean and Pakistani respectively compared to those identifying as White British. There is also growing concern that routine immunisations will be missed or given less attention post-COVID.
Over the course of this year, ILC have been speaking to experts in immunisation from government and local authorities as well as healthcare professionals to discuss how the delivery of immunisation in the UK could be optimised, in particular through taking a life course approach; utilising data effectively; and getting commissioning right.
At this webinar, we launced a policy briefing with recommendations based on these discussions for the UK healthcare system to improve the uptake of routine immunisation post-pandemic.
ILC-UK, New Dynamics of Ageing and the Actuarial Profession debate: Improving...ILC- UK
Telecare and telemedicine can improve health outcomes and save money, argued the Prime Minister late last year. The Whole System Demonstrator (WSD) programme was set up by the Department of Health to attempt to, amongst other things, explore the evidence base as to the effectiveness and cost-effectiveness of these technologies.
The findings were striking. “If delivered properly, telehealth can substantially reduce mortality, reduce the need for admissions to hospital, lower the number of bed days spent in hospital and reduce the time spent in A&E” argued the DH.
The randomised control trial of over 6,000 patients found that if delivered properly, telehealth can deliver:
45% reduction in mortality rates
20% reduction in emergency admissions
15% reduction in A&E visits
14% reduction in elective admissions
14% reduction in bed days
8% reduction in tariff costs
Yet whilst claims about the potential of technology have been made for many years, embedding such technologies into people’s homes and lives has proved difficult.
The usability and accessibility of new technologies, the digital divide, a lack of funding for prevention, and a lack of trust and knowledge among healthcare professionals are among the many reasons why new technologies have sometimes failed to meet their potential.
At this event, Leela Damodaran, discussed how research into new technologies can help us age well and provide an overview of NDA research findings. She also highlight how we can most effectively deliver new technology.
Speakers presented the current evidence base in relation to the cost effectiveness of healthcare technologies.
ILC-UK presented findings of new work, supported by Nominet Trust, which will explore whether we can nudge people online.
As well as the debate, there were a number of Technology Showcases: Mappmal: hospitalfoodie; SomnIA; Design for Ageing Well; TACT3; Envision to envisage; Making the Kitchen Easier; NANA; Keeping Older People Connected; Safety on Stairs
Agenda from the event
15.00 – 16.30
Technology Showcases
16.30 – 16.35
Baroness Sally Greengross – Chief Executive, International Longevity Centre – UK
16.35 – 16.40
Alan Walker - Professor of Social Policy and Social Gerontology, Director of the New Dynamics
16.40 – 17.00
Mark Hawley – Professor of Health Service Research, University of Sheffield
17.00 – 17.10
Dr Nick Goodwin – Senior Fellow, Health Policy, The King’s Fund
17.10 – 17.25
Leela Damodaran – Professor of Participative Design and Change Management, Loughborough University
17.25 – 17.35
David Sinclair – Assistant Director, Research and Strategy, International Longevity Centre – UK
17.35 – 18.25
Discussion and Debate
18.25 – 18.30
Close - Baroness Sally Greengross – Chief Executive, International Longevity Centre – UK
18:30
Refreshments/Networki
Covid-19 has changed the course of
history. What started off as a flu-like
illness in one person in one corner
of the world, has changed the lives,
livelihoods and futures of billions.
Australia saw its first case on January
25 and now has over 6,600 cases,
the country is in partial lockdown,
schools and universities have left their
campuses, hundreds of thousands of
jobs have been lost. Fortunately, the
tide appears to be turning and we can
start thinking of Recovery.
To chart a Roadmap to Recovery we
convened a group of over a hundred of
the country’s leading epidemiologists,
infectious disease consultants,
public health specialists, healthcare
professionals, mental health and
well-being practitioners, indigenous
scholars, communications and
behaviour change experts, ethicists,
philosophers, political scientists,
economists and business scholars
from the Group of Eight (Go8)
universities. The group developed
this Roadmap in less than three
weeks, through remote meetings
and a special collaborative reasoning
platform, in the context of a rapidly
changing pandemic,
Report launch: The invisible epidemic – Rethinking the detection and treatmen...ILC- UK
Report launch: The invisible epidemic – Rethinking the detection and treatment of structural heart disease in Europe, supported by Edwards Lifesciences.
We held an event to launch SOS 2020, supported by Aviva and Ernst and Young. This event was kindly sponsored by the Institute and Faculty of Actuaries (IFoA).
Last week the OBR Fiscal Sustainability Report noted that "public finances are likely to come under pressure over the longer term, primarily as the result of an ageing population. Under our definition of unchanged policy, the Government would end up having to spend more as a share of national income on age-related items such as pensions and health care, but the same demographic trends would leave government revenues roughly stable."
But whilst there is greater awareness of the fiscal challenges of ageing, there has been little progress in addressing an overarching plan to address the challenges. ILC-UK is launching SOS 2020 to begin to identify costed solutions to the fiscal challenges of ageing.
The House of Lords Select Committee on Public Service and Demographic Change, in its 2013 report “Ready for Ageing”, began by saying “the UK population is ageing rapidly, but we have concluded that the Government and our society are woefully underprepared.”
SOS 2020 is a major new programme of work led by ILC-UK which will raise awareness of the need to adapt our economy and society to the big strategic challenges posed by an ageing population.
SOS 2020 will outline the specific policy measures needed to achieve this goal. It will illuminate the issues that face us and develop fully considered and costed solutions that will act as a “call to action” to policy-makers and politicians. Above all SOS 2020 aims to raise national and international awareness of problems and possible solutions in which we all have a vested interest.
In an increasingly interdependent world, there is a need to look beyond national shores for arguably collective consensus and joint solutions. SOS 2020 will give us the opportunity to do this.
ILC-UK launched SOS 2020 with specific projects exploring retirement income sustainability and healthcare sustainability.
This launch event gave delegates an opportunity to feed in their thoughts on how to ensure our public policy maximises the opportunities of our ageing society.
OECD Well-being and Mental Health Conference, Carrie Exton, OECDStatsCommunications
Session on Integrated approaches to mental health: where do we stand, where do we need to go next?, 6 December 2021, more information at www.oecd.org/wise/well-being-and-mental-health.htm
Explore how different industries are responding to digital accessibility today. In this session, you will look at current trends in digital accessibility across all industries.
“IFPRI Egypt Webinars” is a special edition of the IFPRI Egypt Seminar Series funded by USAID. This webinar took place under the title of “COVID-19 and social protection: from effective crisis protection to self-reliance”
Less than a decade ago , the idea that most nations in the world would commit to working toward achieving Universal Health Coverage (UHC) was seen as unlikely, and certainly not a priority for the global health community. Today, we face an entirely different landscape. Since the 2010 World Health Report Health Systems Financing: The Path to Universal Coverage, more than 70 countries have approached WHO to request technical assistance in moving forward on UHC. A movement has built among global and national actors, leading to the passage of the UN Resolution endorsed by more than 90 countries in December 2012 to make UHC a key global health objective. Commitment is increasing for UHC to be the umbrella health goal in the post-2015 framework.
OECD Well-being and Mental Health Conference, Franco Fernandez Fleming, Minis...StatsCommunications
Session on Measuring population mental health: recent advances and challenges, 7 December 2021, more information at www.oecd.org/wise/well-being-and-mental-health.htm
ILC-UK Future of Ageing Presentation Slides - 09Nov16 ILC- UK
On Wednesday 9th November 2016, ILC-UK held it's second annual future of Ageing conference.
We welcomed over 180 delegates made up of business leaders; charity sector experts; public sector decision makers; local authority staff; academics; and senior journalists.
The one day conference was chaired by Baroness Slly Greengross OBE and Lawrence Churchill CBE, and we heard from the following speakers:
- Dr Islene Araujo de Carvalho, Senior Policy and Strategy Adviser, Department of Ageing and Life Course, WHO
- John Cridland CBE, Head of the Independent State Pension Age Review
- The Rt Rev. and the Rt Hon. the Lord Carey of Clifton, Archbishop of Canterbury 1991-2002
- Ben Franklin, Head of Economics of an Ageing Society, ILC-UK
- Professor Sarah Harper, Director, Oxford Institute of Population Ageing
- Dwayne Johnson, Director of Social Care and Health at Sefton Metropolitan Borough Council
- Dr Margaret McCartney, Author and Broadcaster
- John Pullinger CB, National Statistician, UK Statistics Authority
- David Sinclair, Director, ILC-UK
- Jonathan Stevens, Senior Vice President, Thought Leadership, AARP
- Linda Woodall, Director of Life Insurance and Financial Advice, and sponsor of the Ageing Population project, Financial Conduct Authority
COVID-19 BEST PPT EVER MADE (FULLY DETAILED)SHAURYAANCHAL
HELLO FRIENDS THIS IS THE BEST PPT MADE ON COVID 19 AND VERY INFORMATIVE CONTENT EVER MADE.
YOU CAN USE THIS IN YOUR SCHOOL PROJECT OR IN OTHER ARTICLES, YOU ALSO DON'T NEED TO SEARCH OVER EACH TOPIC IN INTERNET.
THE WHOLE PPT(POWERPOINT PRESENTATION) IS ENOUGH FOR YOU.
ALL THE BEST FOR YOUR PROJECT/WORK
REGARDS/MADE BY
SHAURYA ANCHAL
EMAIL ID : shauryaanchalofficial@gmail.com
Natalie Record - Housing Innovation Lead and Clémence Martin-Beaumont– Service Designer from Connected Places Catapult share the Discovery Phase research and ask organisations to "express their interest" in the programme
How can technology solve the challenges of an aging populationHelene Andre
The aging population is expected to sky rocket in the next decade and the United States has to rethink how it will deliver care for its elderly.
With recent advancements in technology, Aging in Place has emerged as strong solution to address this pressing need.
Webinar: Numbers matter – Coronavirus in the UK and US - Presentation slides ILC- UK
The UK and the US have been heavily impacted by the coronavirus. But how many people have been affected? And what happens next?
Through this webinar, expert actuaries highlighted how COVID-19 has directly and indirectly impacted on death rates in America and the UK. We learned who has been most susceptible to infection and death as well as discuss what happens next.
Covid-19 has changed the course of
history. What started off as a flu-like
illness in one person in one corner
of the world, has changed the lives,
livelihoods and futures of billions.
Australia saw its first case on January
25 and now has over 6,600 cases,
the country is in partial lockdown,
schools and universities have left their
campuses, hundreds of thousands of
jobs have been lost. Fortunately, the
tide appears to be turning and we can
start thinking of Recovery.
To chart a Roadmap to Recovery we
convened a group of over a hundred of
the country’s leading epidemiologists,
infectious disease consultants,
public health specialists, healthcare
professionals, mental health and
well-being practitioners, indigenous
scholars, communications and
behaviour change experts, ethicists,
philosophers, political scientists,
economists and business scholars
from the Group of Eight (Go8)
universities. The group developed
this Roadmap in less than three
weeks, through remote meetings
and a special collaborative reasoning
platform, in the context of a rapidly
changing pandemic,
Report launch: The invisible epidemic – Rethinking the detection and treatmen...ILC- UK
Report launch: The invisible epidemic – Rethinking the detection and treatment of structural heart disease in Europe, supported by Edwards Lifesciences.
We held an event to launch SOS 2020, supported by Aviva and Ernst and Young. This event was kindly sponsored by the Institute and Faculty of Actuaries (IFoA).
Last week the OBR Fiscal Sustainability Report noted that "public finances are likely to come under pressure over the longer term, primarily as the result of an ageing population. Under our definition of unchanged policy, the Government would end up having to spend more as a share of national income on age-related items such as pensions and health care, but the same demographic trends would leave government revenues roughly stable."
But whilst there is greater awareness of the fiscal challenges of ageing, there has been little progress in addressing an overarching plan to address the challenges. ILC-UK is launching SOS 2020 to begin to identify costed solutions to the fiscal challenges of ageing.
The House of Lords Select Committee on Public Service and Demographic Change, in its 2013 report “Ready for Ageing”, began by saying “the UK population is ageing rapidly, but we have concluded that the Government and our society are woefully underprepared.”
SOS 2020 is a major new programme of work led by ILC-UK which will raise awareness of the need to adapt our economy and society to the big strategic challenges posed by an ageing population.
SOS 2020 will outline the specific policy measures needed to achieve this goal. It will illuminate the issues that face us and develop fully considered and costed solutions that will act as a “call to action” to policy-makers and politicians. Above all SOS 2020 aims to raise national and international awareness of problems and possible solutions in which we all have a vested interest.
In an increasingly interdependent world, there is a need to look beyond national shores for arguably collective consensus and joint solutions. SOS 2020 will give us the opportunity to do this.
ILC-UK launched SOS 2020 with specific projects exploring retirement income sustainability and healthcare sustainability.
This launch event gave delegates an opportunity to feed in their thoughts on how to ensure our public policy maximises the opportunities of our ageing society.
OECD Well-being and Mental Health Conference, Carrie Exton, OECDStatsCommunications
Session on Integrated approaches to mental health: where do we stand, where do we need to go next?, 6 December 2021, more information at www.oecd.org/wise/well-being-and-mental-health.htm
Explore how different industries are responding to digital accessibility today. In this session, you will look at current trends in digital accessibility across all industries.
“IFPRI Egypt Webinars” is a special edition of the IFPRI Egypt Seminar Series funded by USAID. This webinar took place under the title of “COVID-19 and social protection: from effective crisis protection to self-reliance”
Less than a decade ago , the idea that most nations in the world would commit to working toward achieving Universal Health Coverage (UHC) was seen as unlikely, and certainly not a priority for the global health community. Today, we face an entirely different landscape. Since the 2010 World Health Report Health Systems Financing: The Path to Universal Coverage, more than 70 countries have approached WHO to request technical assistance in moving forward on UHC. A movement has built among global and national actors, leading to the passage of the UN Resolution endorsed by more than 90 countries in December 2012 to make UHC a key global health objective. Commitment is increasing for UHC to be the umbrella health goal in the post-2015 framework.
OECD Well-being and Mental Health Conference, Franco Fernandez Fleming, Minis...StatsCommunications
Session on Measuring population mental health: recent advances and challenges, 7 December 2021, more information at www.oecd.org/wise/well-being-and-mental-health.htm
ILC-UK Future of Ageing Presentation Slides - 09Nov16 ILC- UK
On Wednesday 9th November 2016, ILC-UK held it's second annual future of Ageing conference.
We welcomed over 180 delegates made up of business leaders; charity sector experts; public sector decision makers; local authority staff; academics; and senior journalists.
The one day conference was chaired by Baroness Slly Greengross OBE and Lawrence Churchill CBE, and we heard from the following speakers:
- Dr Islene Araujo de Carvalho, Senior Policy and Strategy Adviser, Department of Ageing and Life Course, WHO
- John Cridland CBE, Head of the Independent State Pension Age Review
- The Rt Rev. and the Rt Hon. the Lord Carey of Clifton, Archbishop of Canterbury 1991-2002
- Ben Franklin, Head of Economics of an Ageing Society, ILC-UK
- Professor Sarah Harper, Director, Oxford Institute of Population Ageing
- Dwayne Johnson, Director of Social Care and Health at Sefton Metropolitan Borough Council
- Dr Margaret McCartney, Author and Broadcaster
- John Pullinger CB, National Statistician, UK Statistics Authority
- David Sinclair, Director, ILC-UK
- Jonathan Stevens, Senior Vice President, Thought Leadership, AARP
- Linda Woodall, Director of Life Insurance and Financial Advice, and sponsor of the Ageing Population project, Financial Conduct Authority
COVID-19 BEST PPT EVER MADE (FULLY DETAILED)SHAURYAANCHAL
HELLO FRIENDS THIS IS THE BEST PPT MADE ON COVID 19 AND VERY INFORMATIVE CONTENT EVER MADE.
YOU CAN USE THIS IN YOUR SCHOOL PROJECT OR IN OTHER ARTICLES, YOU ALSO DON'T NEED TO SEARCH OVER EACH TOPIC IN INTERNET.
THE WHOLE PPT(POWERPOINT PRESENTATION) IS ENOUGH FOR YOU.
ALL THE BEST FOR YOUR PROJECT/WORK
REGARDS/MADE BY
SHAURYA ANCHAL
EMAIL ID : shauryaanchalofficial@gmail.com
Natalie Record - Housing Innovation Lead and Clémence Martin-Beaumont– Service Designer from Connected Places Catapult share the Discovery Phase research and ask organisations to "express their interest" in the programme
How can technology solve the challenges of an aging populationHelene Andre
The aging population is expected to sky rocket in the next decade and the United States has to rethink how it will deliver care for its elderly.
With recent advancements in technology, Aging in Place has emerged as strong solution to address this pressing need.
Webinar: Numbers matter – Coronavirus in the UK and US - Presentation slides ILC- UK
The UK and the US have been heavily impacted by the coronavirus. But how many people have been affected? And what happens next?
Through this webinar, expert actuaries highlighted how COVID-19 has directly and indirectly impacted on death rates in America and the UK. We learned who has been most susceptible to infection and death as well as discuss what happens next.
This is the presentation material used by Phil Hayes-St Clair and David Burt to analyse COVID-19 (as at March 17, 2020) and share tips for how to think about, plan and lead through the uncertainty of generated from COVID-19.
The World Remade by COVID-19 offers a view of how businesses and society may develop over the next three to five years as the world navigates the potential long-term implications of the global pandemic.
Our view is based on scenarios—stories about the future designed to spark insight and spot opportunity—created by some of the world’s best-known scenario thinkers. The collaborative dialogue hosted by Deloitte and Salesforce continues the companies’ tradition of providing foresight and insight that inform resilient leaders:
Explore how trends we see during the pandemic could shape what the world may look like in the long-term
Have productive conversations around the lasting implications and impacts of the crisis
Identify decisions and actions that will improve resilience to the rapidly changing landscape
Move beyond “recovering” from the crisis, and towards “thriving” in the long run
We are in uncharted waters, yet leaders must take decisive action to ensure their organizations are resilient. We’ve outlined four COVID-19 scenarios for society and business that illustrate different ways we could emerge from the crisis—and what’s required to thrive in a world remade.
The world remade by COVID-19
Planning scenarios for resilient leaders
In the wake of COVID-19, Deloitte and Salesforce hosted a dialogue among some of the world's best-known scenario thinkers to consider the societal and business impact of the pandemic. What might life be like after the crisis passes, and what will it take to thrive in a world remade? Let’s explore four possible scenarios.
The World Remade by COVID-19 offers a view of how businesses and society may develop over the next three to five years as the world navigates the potential long-term implications of the global pandemic.
Our view is based on scenarios—stories about the future designed to spark insight and spot opportunity—created by some of the world’s best-known scenario thinkers. The collaborative dialogue hosted by Deloitte and Salesforce continues the companies’ tradition of providing foresight and insight that inform resilient leaders:
Explore how trends we see during the pandemic could shape what the world may look like in the long-term
Have productive conversations around the lasting implications and impacts of the crisis
Identify decisions and actions that will improve resilience to the rapidly changing landscape
Move beyond “recovering” from the crisis, and towards “thriving” in the long run
The Coronavirus pandemic : All that you need to knowMehulVerma14
The ppt contains a complete know-how of the current pandemic situation and how it is expected to impact the BFSI and digital innovation industry.
It is an overview of all that being done from the actuarial and insurance perspective to handle situations better.
The Fight Against COVID-19: A National Patient RegistryHealth Catalyst
Comprehensive COVID-19 understanding is a critical asset for adapting to pandemic needs, directing resources, developing vaccines, and planning for surges in a timely, informed manner. Because common barriers have impeded the progress of comprehensive data repositories, researchers have relied on surveillance data from population-level viral testing, which has proven insufficient. To significantly advance COVID-19 understanding, the medical community needs a digital patient registry that captures national-level data on how the virus impacts individuals differently according to comorbidities, lifestyle factors, and more. These essential insights lie in real-world evidence, which a registry can only deliver when it applies value sets to leverage clinical and claims data from health systems across the United States.
This is an invited presentation for the Local Government Association Leadership Essentials course for senior officers and elected members on Mental Health and COVID impact
On Tuesday, 10 May 2022, the International Longevity Centre UK (ILC) and the Coalition for Life-course Immunisation (CLCI) hosted a webinar on the role immunisation can play in getting tourism moving again in a post-COVID Europe.
The event was chaired by Patrick Swain, Coordinator of the CLCI-ILC alliance.
Speakers included:
Dr Daphné Holt (Chair, CLCI)
Sophia Dimitriadis (Senior Economist, ILC)
Professor Mark Doherty (Senior Manager, Global Medical Affairs, GSK)
Isabel de la Mata (Principal Advisor, Health and Crisis Management, DG SANTE)
Annagrazia Laura (President, European Network for Accessible Tourism)
COVID-19 has demonstrated the threat posed by infectious diseases: over 5 million people have died and $4 trillion could be lost worldwide due to the pandemic’s impact on tourism. Yet immunisation has played an important role in curbing the pandemic: vaccines have saved 470,000 Europeans aged 60+ and many economies are now recovering.
It’s not just COVID-19 vaccines that protect people’s health and the economy. Previous ILC research has shown that flu vaccination can prevent 245,000 cases in over-65s and save almost £29 million in sick days annually. As over-65s account for 23% of tourism nights spent by EU residents, the European travel sector could benefit the most from routine vaccination and healthier ageing populations.
In this webinar, ILC and CLCI showcased their key research findings on the social and economic benefits of vaccination. We were joined by industry experts who shared their views on how vaccines can help Europe’s tourism industry beyond COVID-19.
Global launch of the Healthy Ageing and Prevention Index 2nd wave – alongside...ILC- UK
The Healthy Ageing and Prevention Index is an online tool created by ILC that ranks countries on six metrics including, life span, health span, work span, income, environmental performance, and happiness. The Index helps us understand how well countries have adapted to longevity and inform decision makers on what must be done to maximise the economic benefits that comes with living well for longer.
Alongside the 77th World Health Assembly in Geneva on 28 May 2024, we launched the second version of our Index, allowing us to track progress and give new insights into what needs to be done to keep populations healthier for longer.
The speakers included:
Professor Orazio Schillaci, Minister of Health, Italy
Dr Hans Groth, Chairman of the Board, World Demographic & Ageing Forum
Professor Ilona Kickbusch, Founder and Chair, Global Health Centre, Geneva Graduate Institute and co-chair, World Health Summit Council
Dr Natasha Azzopardi Muscat, Director, Country Health Policies and Systems Division, World Health Organisation EURO
Dr Marta Lomazzi, Executive Manager, World Federation of Public Health Associations
Dr Shyam Bishen, Head, Centre for Health and Healthcare and Member of the Executive Committee, World Economic Forum
Dr Karin Tegmark Wisell, Director General, Public Health Agency of Sweden
Redefining lifelong learning webinar presentation slides.pptxILC- UK
We know that we’re living longer, which means many people will also be working for longer. One in seven people over 65 are still employed in the UK, but we’re still seeing challenges in our labour markets.
According to the ILC’s Healthy Ageing and Prevention Index, the UK’s work span is only 31.5 years, ranking the UK 47th out of 121 countries. Skills shortages driven by demographic change are hitting all sectors of the UK’s economy: by 2030, we could see a shortage of 2.6 million workers. On the other hand, if UK employment rates for those aged 50 to 64 matched the rates of those aged 35 to 49, the country’s GDP would increase by more than 5%.
One way to improve work span and employment is through lifelong learning. However, in the UK, as the Learning and Work Institute’s Adult Participation in Learning survey showed, rates of learning continue to fall with age. In 2023, only 36% of people aged 55 to 64, 24% of those aged 65 to 74, and 17% of those aged 75 and over said that they’d taken part in any kind of learning in the past three years.
To better understand the approaches in other countries, we consulted with experts in lifelong learning, both from the UK and globally. ILC's report, in collaboration with Phoenix Insights, Redefining lifelong learning: lessons from across the globe considers the approaches taken in Singapore, Japan, South Korea, Canada, Germany, the Netherlands and Sweden. While each country’s approach is different, and shaped by its wider cultural, political and economic context, there are some common threads including: learning culture; the range of learning opportunities on offer; levels of support and investment; and accessibility
"If only I had"... LV= insights into retirement planning webinarILC- UK
As part of this debate LV= shares the findings from their quarterly Wealth and Wellbeing research programme, which surveys a nationally representative sample of 4,000 adults across the UK on a variety of topics, including their changing attitude to their finances and their wider wellbeing.
Healthy Ageing and Prevention Index - Our impactILC- UK
This year, ILC-UK launched the Healthy Ageing and Prevention Index. This slide deck summarizes what we’ve achieved so far and sets out our plans for 2024 to continue to shape the agenda on global health.
Alongside the G20 Health Ministers’ meeting in Gandhinagar, India, in August, ILC-India and ILC-UK held a joint high-level side event to amplify the importance of healthy ageing and prevention among the G20.
Plugging the gap: Estimating the demand and supply of jobs by sector in 2030ILC- UK
The UK economy could see a shortfall of 2.6 million workers by 2030 – almost twice the workforce of the NHS – as a result of population ageing, the COVID pandemic and Brexit.
These shortfalls will affect the whole economy, with manufacturing, retail, construction, transport, health and social care among the sectors projected to be hardest hit.
To plug these gaps, Government must introduce a comprehensive Workforce Strategy looking at:
How to support people to stay in the workforce for longer, e.g. by supporting healthy workplaces, supporting carers and creating flexible conditions that suit people’s needs.
How to ameliorate childcare costs and reintegrate people into the workforce following timeout for caring or a health need
The role of migration and automation in addressing major workforce gaps
Leaving no one behind: Progress on Life Course Immunisation Roundtable – alon...ILC- UK
Leaving no one behind: Progress on Life Course Immunisation Roundtable – alongside the World Health Assembly
Date: Tuesday 23 May 2023
Time: 13.00 – 14.30 (CET), followed by refreshments
Location: Geneva Press Club, Geneva, Switzerland
Global launch of the Healthy Ageing and Prevention Index alongside the 76th World Health Assembly
Date: Tuesday 23 May 2023
Time: 3.30pm – 4.30pm (CET) launch, followed by networking with refreshments
Location: Geneva Press Club, Geneva, Switzerland
G7 high-level side event in Niigata: Healthy ageing and prevention
Date: Wednesday 10 May 2023
Time: 2.00pm – 3.30pm (JST), followed by networking with refreshments
Location: Niigata, Japan
Vaccine confidence in Central and Eastern Europe working lunchILC- UK
At this exclusive working lunch, we discussed the International Longevity Centre UK’s (ILC-UK) forthcoming report on vaccine confidence in Central & Eastern Europe (CEE).
During this event, we shared the findings from our policy publication on what we think should be the priorities for the G20 in India and the key messages we want to disseminate to ministers and world leaders. We heard from experts on the opportunities and challenges to engage India and the G20 with prevention and healthy ageing and identify further opportunities to maximise our engagement while at the G20 in September.
Final Marathon or sprint launch Les Mayhew slides 19 April.pptxILC- UK
Research by the International Longevity Centre UK (ILC) funded by Bayes Business School — based on Commonwealth Games competitor records since the inaugural event in 1930 — shows large differences in the longevity of medal winners compared to people in the general population that were born in the same year. A report finds that top-level sports people can live over 5 years longer than the rest of the population.
Launching Trial and error: Supporting age diversity in clinical trialsILC- UK
During this virtual event, Esther McNamara, ILC's Senior Health Policy Lead, presents the Trial and error report’s findings and recommendations. A panel of five experts respond to the report and discuss how improved age diversity will benefit patients of all ages.
Report launch - Moving the needle: Improving uptake of adult vaccination in J...ILC- UK
Launch of the Moving the needle report, produced by ILC-UK in partnership with Stripe Partners.
This event was chaired by Dr Noriko Cable, Honorary Senior Research Fellow, Institute of Epidemiology & Health, UCL. Speakers include:
Arabella Trower, Senior Consultant, Stripe Partners
David Sinclair, Chief Executive, ILC-UK
Dr Charles Alessi, Chief Clinical Officer, éditohealth
Jason James, Director General, Daiwa Anglo-Japanese Foundation
Dr Michael Hodin, CEO, Global Coalition on Aging
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Empowering the Data Analytics Ecosystem: A Laser Focus on Value
The data analytics ecosystem thrives when every component functions at its peak, unlocking the true potential of data. Here's a laser focus on key areas for an empowered ecosystem:
1. Democratize Access, Not Data:
Granular Access Controls: Provide users with self-service tools tailored to their specific needs, preventing data overload and misuse.
Data Catalogs: Implement robust data catalogs for easy discovery and understanding of available data sources.
2. Foster Collaboration with Clear Roles:
Data Mesh Architecture: Break down data silos by creating a distributed data ownership model with clear ownership and responsibilities.
Collaborative Workspaces: Utilize interactive platforms where data scientists, analysts, and domain experts can work seamlessly together.
3. Leverage Advanced Analytics Strategically:
AI-powered Automation: Automate repetitive tasks like data cleaning and feature engineering, freeing up data talent for higher-level analysis.
Right-Tool Selection: Strategically choose the most effective advanced analytics techniques (e.g., AI, ML) based on specific business problems.
4. Prioritize Data Quality with Automation:
Automated Data Validation: Implement automated data quality checks to identify and rectify errors at the source, minimizing downstream issues.
Data Lineage Tracking: Track the flow of data throughout the ecosystem, ensuring transparency and facilitating root cause analysis for errors.
5. Cultivate a Data-Driven Mindset:
Metrics-Driven Performance Management: Align KPIs and performance metrics with data-driven insights to ensure actionable decision making.
Data Storytelling Workshops: Equip stakeholders with the skills to translate complex data findings into compelling narratives that drive action.
Benefits of a Precise Ecosystem:
Sharpened Focus: Precise access and clear roles ensure everyone works with the most relevant data, maximizing efficiency.
Actionable Insights: Strategic analytics and automated quality checks lead to more reliable and actionable data insights.
Continuous Improvement: Data-driven performance management fosters a culture of learning and continuous improvement.
Sustainable Growth: Empowered by data, organizations can make informed decisions to drive sustainable growth and innovation.
By focusing on these precise actions, organizations can create an empowered data analytics ecosystem that delivers real value by driving data-driven decisions and maximizing the return on their data investment.
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...pchutichetpong
M Capital Group (“MCG”) expects to see demand and the changing evolution of supply, facilitated through institutional investment rotation out of offices and into work from home (“WFH”), while the ever-expanding need for data storage as global internet usage expands, with experts predicting 5.3 billion users by 2023. These market factors will be underpinned by technological changes, such as progressing cloud services and edge sites, allowing the industry to see strong expected annual growth of 13% over the next 4 years.
Whilst competitive headwinds remain, represented through the recent second bankruptcy filing of Sungard, which blames “COVID-19 and other macroeconomic trends including delayed customer spending decisions, insourcing and reductions in IT spending, energy inflation and reduction in demand for certain services”, the industry has seen key adjustments, where MCG believes that engineering cost management and technological innovation will be paramount to success.
MCG reports that the more favorable market conditions expected over the next few years, helped by the winding down of pandemic restrictions and a hybrid working environment will be driving market momentum forward. The continuous injection of capital by alternative investment firms, as well as the growing infrastructural investment from cloud service providers and social media companies, whose revenues are expected to grow over 3.6x larger by value in 2026, will likely help propel center provision and innovation. These factors paint a promising picture for the industry players that offset rising input costs and adapt to new technologies.
According to M Capital Group: “Specifically, the long-term cost-saving opportunities available from the rise of remote managing will likely aid value growth for the industry. Through margin optimization and further availability of capital for reinvestment, strong players will maintain their competitive foothold, while weaker players exit the market to balance supply and demand.”
COVID-19 in the UK and US: Understanding the impact on insurance, retirement income and other financial services risks
1. COVID-19 in the UK and US:
Understanding the impact on
insurance, retirement income and
other financial services risks
Join the conversation: @ilcuk
#WhatHappensNext
2. About ILC
We are the UK’s specialist think
tank on the impact of longevity
on society, and what happens
next.
We are one of the founding
members of the ILC Global
Alliance, an international
network on longevity with
members across 16 countries.
Join the conversation: @ilcuk
#WhatHappensNext
6. Health impacts
Source: Office for National Statistics – Deaths registered weekly in England and Wales
Source: Office for National Statistics – Estimates of the population for the UK,
England and Wales, Scotland and Northern Ireland & Deaths registered weekly
in England and Wales
Matt Gurden - ILC Webinar COVID-19 in the UK & US
Source: Coronovirus.data.gov.uk – case data
7. Economic impacts
COVID Loan Schemes
• £74 billion
• 1.6 million loans
Matt Gurden - ILC Webinar COVID-19 in the UK & US
Source: Office for National Statistics
Insurance support
• Trade credit & Film/TV production
• > £10 billion
Source: Office for National Statistics with Office for Budget Responsibility data
9. Formation + Aims of Covid19 ARG (Voluntary)
• Reach out to people with right skills – medical + epidemiological
insights (could not wait/advertise)
• Set up outside of auspices of professional body – less restrictive
• R in ARG is for RESPONSE not research
• Help to identify reliable path and narrative for decision makers
• Counter clearly false narratives
• Independent – apolitical advantage
• Hopefully clarify and simplify often very dense technical report/papers
• Quick best endeavour bulletins on topical matters – internally peer
reviewed and often out within days initially, but over time within
hours.
9
10. Activity
• Linked in account
• https://www.linkedin.com/company/covid-19-actuaries-response-group/
• Web page
• https://www.covid-arg.com/
• Bulletins summarising papers on topical Covid-19 matters
• Weekly now biweekly Friday report – short commentaries on wide range of subjects
• Blogs – quick response on issues getting attention
• Twitter account – group + personal
• https://twitter.com/COVID19actuary
• Current topics
• Live discussions
• Facebook - closed
10
18. 18
Classification: Confidential
Historical mortality rates up to 2019
0.75%
1.00%
1.25%
1.50%
1.75%
2.00%
2.25%
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
%
mortality
rates
Male SMRs compared to historic trends
male SMR
male trend 2000-2011
male trend 2011-2019
Data source: ONS England & Wales population data
19. 19
Classification: Confidential
And now with 2020 added…
0.75%
1.00%
1.25%
1.50%
1.75%
2.00%
2.25%
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
%
mortality
rates
Male SMRs compared to historic trends
male SMR
male trend 2000-2011
male trend 2011-2019
Data source: ONS England & Wales population data
20. 20
Classification: Confidential
• Is it a one off event?
• Does it put us on a new trajectory? Different shape, different slope?
• Are there long term consequences?
What about 2020?
21. 21
Classification: Confidential
• Increase in desire to transfer longevity risk to the ‘experts’
Strong market for bulk annuity transactions
• Life expectancy continues to increase
• Multiple employers / careers
• Complex topic of social care
• Increase in focus on healthy life expectancy
Creating the long-term opportunity for insurers to provide customers with the right products
and the right guidance at the right times
• Social and economic impact of people living longer lives
• Increase in gap between socio-demographic groups during pandemic
Opportunity for life insurance companies to use their ‘expertise’ to provide clear data to
assist with national conversations
Future Opportunities
23. COVID-19 in the UK and US:
Understanding the impact on insurance, retirement
income and other financial services risks
Douglas Anderson
15 July 2021
24. 24
Pension derisking has continued apace ….
Source: Willis Towers Watson - De-risking report 2021
Continued demand for
longevity hedging
despite perception that
life expectancy has
stalled
25. 25
Longevity is now biggest pension fund risk
1
Longevity now around half of total risk2
61%
42%
27%
20%
28%
40%
59%
69%
2006 2010 2018 2020
Equities Bonds
Significant financial derisking
Leaves longevity as
biggest residual risk
Source: Club Vita - Top Charts 24 – Longevity as a proportion of total risk (April 2021)
26. 26
Increased uncertainty on future path
Bump in
the Road
Long Road
to Recovery
Innovation in
Adversity
Healthcare
Decline
Source: Club Vita - COVID-19 longevity scenarios: a bump in the road or a catalyst for change
27. 27
Nascent campaign to reduce longevity inequality:
ESHG - putting the H into ESG
Source: Business for Health
29. 29
Hard-pressed
Standardising categories
Insurers Pension funds
Hard-pressed
Mortality
Longevity
Making do
Mortality
Longevity
Comfortable
Mortality
Longevity
Comfortable
Making do
... leads to
liquidity
longer duration
volume
Source: Club Vita - Longevity Trends: Does one size fit all?
30. Thank you for your support
Douglas Anderson FIA CERA FSA
Founder of Club Vita
douglas.anderson@clubvita.net
+44 7788 376327
For more longevity insights,
please follow Club Vita
32. US Healthcare
in the Aftermath of
the COVID-19
Pandemic
International Longevity Centre UK event
15 July 2021
33. Daily COVID-19 Cases in the U.S.
33
Source: https://developer.nytimes.com/covid
7-Day Moving Average as of
8 July 2021 is 16,208
34. Deferred Care
34
• Initial signs health care utilization is
returning to pre-pandemic levels.
• Some physician office and emergency
room visits will be replaced
permanently by telemedicine (see next
slide).
• Some care will be forgone (e.g. annual
physicals) and will not be replaced in
2021.
• Some care will be deferred into 2021
(e.g., screenings, elective surgeries, etc.)
and will add to normal utilization.
During the Pandemic Post-Pandemic
https://catalog.data.gov/dataset/indicators-of-reduced-access-to-care-due-to-the-coronavirus-pandemic-during-last-4-weeks
Source: Household Pulse Survey from Data.Gov
35. Telemedicine
35
• Telehealth will be more heavily utilized post-
pandemic but not likely at the levels
experienced during the pandemic, at least
initially.
• Consumers have likely identified the benefit
over more costly physician office and
emergency room visits.
• Providers are seeking greater reimbursement
levels for telehealth that might offset savings
from its use versus less cost effective
alternatives.
• Future usage and reimbursement levels (as
compared to physician office and emergency
room visits) will determine cost effectiveness
of telehealth versus traditional visits.
During the Pandemic Post-Pandemic
Source: The Commonwealth Fund
36. Mental Health
36
• Mental health utilization will
exceed even pre-pandemic levels as
a result of conditions left untreated
during the pandemic.
• Mental health conditions may also
be exacerbated by social unrest in
addition to the fear of contracting
COVID-19 and the isolation due to
social distancing preferences and
policies
During the Pandemic Post-Pandemic
37. Behavioral Health
37
Behavioral health issues
likely to have some limited
affect in 2021 but, if left
unchecked, could be a
growing issue in 2022 and
beyond
During the Pandemic Post-Pandemic
38. Chronic Condition Management
38
• Concern exists that patients with
chronic condition like diabetes,
hypertension, heart disease, and
others lapsed in their management
during the pandemic will create a
need for more intensive, higher cost
care post-pandemic.
• Affect could be mild at first and
could have implications for many
years after the pandemic .
During the Pandemic Post-Pandemic
Source: Strata Decisions Technology
39. COVID-19 “Long Haulers”
39
• Respiratory and gastrointestinal symptoms
are accompanied by short- and long-term
neuropsychiatric symptoms and brain
sequelae.1
• Some patients suffer anosmia, cognitive and
attention deficits (i.e., brain fog), new-onset
anxiety, depression, psychosis, seizures, and
even suicidal behavior even after respiratory
symptoms and are unrelated to respiratory
insufficiency.1
• The long-term implications are not clear but
the affects on the brain will likely lead to
ongoing treatment for affected patients.
During the Pandemic Post-Pandemic
Source: Fair Health “A Detailed Study of Patients with Long-Haul COVID”
1 “How COVID-19 Affects the Brain”
Maura Boldrini, MD, PhD; Peter D. Canoll, MD, PhD; Robyn S. Klein, MD, PhD
40. Health Care Provider Implications
40
• Health care providers claim lost revenue in 2020
despite serving COVID-19 patients.
• The American Hospital Association estimated losses
to hospitals and health systems of at least #323.1
billion in 2020 (June, 2020).
• Health care insurance companies saw claim cost
decrease despite covering COVID-19 patients.
• The US Congress passed the CARES act and the
PPPHCEA which together provided $175 billion in
emergency funding for hospitals and other health
care organizations.
• Health care providers likely to
promote need for services deferred
during pandemic.
• Health care providers are
attempting to leverage the
pandemic for higher
reimbursement rates from major
payors.
• Further consolidation due to lost
revenue from social isolation
without significant COVID patients
as an offset could also push up
prices.
During the Pandemic Post-Pandemic
44. MAX J. RUDOLPH, FSA CFA CERA MAAA
Rudolph Financial Consulting, LLC
July 15, 2021
Future Pandemics – Better the Next Time
45. Why U.S. Insurers Survived COVID
• Stimulus from Central Banks and Treasury
• Mortality primarily impacted old
• Infrastructure was in place to work from home
• Deferred health care
• Reduced mileage
45
48. Aging and Retirement
Aging and Retirement
Things to think about before “next time”
• What can U.S. learn from others?
• Given interest in “liberty” in U.S., what happens if next pandemic is Ebola?
Reaction by culture
• Improve data collection - standardization
• Why do we have to rely on universities and media to aggregate?
• Aggregation and privacy gridlock
• Revisit safety nets (unemployment amounts, employment ties to health
care), allow creative destruction
• Revisit all pandemics of last 200 years
• What was 1889-90? Coronavirus? Common cold today?
• Does virus retreat with herd immunity or mutate
48
49. Correlation between Mitigations and U.S. Infection Level
(Weekly Mitigation Average and USIL one Week Later, September - February)
49
It is difficult to draw conclusions about why a mitigation would be strongly positively or negatively correlated with the U.S. Infection Level. Some
factors that might influence the power of a mitigant as a forward indicator include how easy it is to implement, who is in control of the mitigation
(personal, business, governmental), and what other mitigants are logistically and politically tied into that mitigation.
https://www.soa.org/resources/research-reports/2020/covid-19-mitigation/
50. • Rudolph Financial Consulting, LLC
• ERM/ALM strategist
• Private investor/Researcher
• Professor, Creighton University
• Emerging risks/climate/pandemics
• Professionalism
• Society of Actuaries Board of
Governors
• SOA President’s Award
• SOA Volunteer Award
• Investment Section Chair
• Chair, Climate and Environmental
Sustainability Research Committee
Max J. Rudolph, FSA CFA CERA
MAAA
max.rudolph@rudolph-
financial.com
Twitter @maxrudolph
Omaha, Nebraska, USA
(402) 895-0829
NOT INVESTMENT ADVICE!
Thank you!
50
51. Anna M. Rappaport
Society of Actuaries Aging and
Retirement Steering Committee
Join the conversation: @ilcuk
#WhatHappensNext
52. ANNA M. RAPPAPORT, FSA, MAAA
Chair, SOA Committee on Post-Retirement Needs and Risks
July 15, 2021
Retirement Risks and COVID-19:
Findings from Society of Actuaries Research on COVID-19 and Retirement
53. Aging and Retirement
Aging and Retirement
Key Findings: COVID-19 and Retirement
• Two very different sets of results: people financially hurt and those not hurt
• Minorities more affected by COVID-19
• Women more affected by family challenges and because of longer life spans
• Strong reasons to revisit opportunities for older workers, retirement ages and
working in retirement
• Longer term health effects of COVID-19 unknown
• Longer term economic issues are unknown
• Expect greater focus on emergency funds
• Many jobs likely to be restructured and changes in compensation and benefits
may follow
53
54. Aging and Retirement
Aging and Retirement
COVID-19 added to retirement system challenges
New Challenges Challenges in 2019 (Pre-COVID)
Job loss, layoffs and reduced work schedules Social Security – current scheduled taxes not adequate to support
benefits; adjustments needed
Longer term health issues Major shifts in responsibility to the individual and major gaps in
financial literacy
Women leaving labor force About half the workforce did not have employer-sponsored retirement
benefits, including many part-timers and gig workers
Small businesses going out of business or
shrinking – e.g. restaurants
Racial and ethnic minorities, women often have lower benefits –
unclear if solely due to pay differentials
People wanting to retire differently Major decline in employer risk taking (DB and retiree health)
Retirement funds used early during COVID Many DC plans do not offer an income stream post-retirement
People stopped/reduced saving Gaps in benefits likely to grow in the future
54
55. Aging and Retirement
Aging and Retirement
Policy and Societal Questions Related to Retirement Plans
• Will the aging society and national retirement policy become a priority?
• How will Social Security issues be addressed?
• Will policymakers seek to encourage more employer-sponsored plans?
• Will policymakers seek to improve opportunities for older workers?
• Will jobs be restructured and will there be new models of employment?
• How will people without access to employer plans build retirement funds? Will state-sponsored savings
plans grow to address those not covered by an employer-sponsored plan?
• The 2019 SECURE Act allows employers to join larger plans that bring a number of employers together.
Will pooled employer plans established in the SECURE Act increase the availability of plans for small
businesses?
Note that the Secure II Act has been introduced into Congress on a bipartisan basis.
https://waysandmeans.house.gov/media-center/press-releases/neal-and-brady-introduce-new-
bipartisan-legislation-strengthen-americans
55
56. Financial Perspectives on Aging and
Retirement Across the Generations
56
Top 5 of Top 10 Findings
The impact of the pandemic has been uneven: 36% of respondents say the COVID-19 pandemic negatively
effecting their overall financial situation while 14% say the impact of the pandemic on their finances are positive.
While all generations say they reduced spending as a result of the pandemic, most have not taken other financial
actions.
Job disruption as a result of the pandemic is most common for Millennials, with 4 in 10 experiencing job loss or a
pay decrease. This is true for 33% of Gen Xers and 21% of Late Boomers.
35% of workers have changed or considered changing when they plan to retire as a result of COVID-19 with most
of these respondents pushing their retirement further back.
Worries about climate change impacting retirement is a highest among Millennials. They are more likely to believe
climate change will impact their health, increase the likelihood of damage to property, and influence where they
will live in retirement.
For most potential retirement risks, the level of concern are greatest with the younger age groups. But younger
generations are also more likely to have the shortest planning horizons. The pandemic does not seem to have
caused a significant increase in level of concern around retirement risks in general, but many are worried about the
impact the pandemic will have on their retirement savings.
57. Financial Perspectives on Aging and
Retirement Across the Generations
Financial Impact Findings from SOA Generations Survey
The Impact of the COVID-19 Pandemic Is Uneven
While the pandemic has impacted everyone across the generations, the financial impact appears to be
very imbalanced.
In terms of impact on employment:
• In total, 40% of Millennials, 33% of Gen Xers, and 21% of Early Boomers have experience some sort
of job loss or pay decrease.
• However, 11% of Millennials had an increase in income and 43% had no impact.
Additionally, 36% say their financials overall were negatively impacted by the pandemic. Another 50%
saw no impact and 14% were positively impacted.
• This imbalance is greater with the younger generations—41% of Millennials were negatively
impacted while 21% were positively. On the other hand, 7 in 10 in the Silent Generation saw no
impact financially.
• This pattern holds when looking at the impact on income, assets, and level of debt across the
generations. Overall, about 1 in 3 say their level of income was negatively impacted. 23% say the
same about their level of debt and a similar share experienced a negative impact to their assets.
• For Millennials, 34% saw a negative impact on their income (vs. 24% positive), 24% saw a negative
impact on their assets (vs. 22% positive), and 27% say there was a negative impact on their debt
level (vs. 21% positive).
57
36%
29%
23%
22%
50%
56%
65%
64%
14%
15%
12%
14%
Financials
overall
Level of
income
Level of
debt
Asset level
Negative impact No impact Positive impact
Financial Impact of COVID-19
58. Aging and Retirement
Aging and Retirement
Questions about the future of the retirement system
(COVID-19 is a disruption and encourages us to rethink)
• Do we have the right retirement system?
• Is too much risk placed on the employee? Who should bear retirement risks?
• What changes to Social Security, Medicare and Medicaid will improve the system?
• How can we encourage people to establish emergency funds?
• How will people without access to employer plans build retirement funds?
• As the population ages, will retirement risk increase?
• How many employees will want to defer retirement?
• How many employees will leave work because of fear of getting sick?
• Will there be more interest in phased retirement?
58
59. Aging and Retirement
Aging and Retirement
SoA Research
• COVID-19 is a major topic 2021 Survey: Financial Perspectives on Aging
and Retirement Across the Generations
• Have identified issues and immediate impact on people, retirement and
related benefits
• SOA has issued series of 6 retirement related reports
• SOA has published collection of COVID-19 essays – more are encouraged
59
60. Aging and Retirement
Aging and Retirement
Resources – Society of Actuaries
Retirement Resources
• Impact of COVID-19 on Retirement Risks -- https://www.soa.org/resources/research-reports/2020/covid-19-retirement-
risk/
• Defined Benefit Plans and COVID-19: Immediate Challenges for Plan Sponsors -- https://www.soa.org/resources/research-
reports/2020/defined-benefit-covid-19-challenges/
• Defined Contribution Funds, Emergency Funds, and COVID-19 -- https://www.soa.org/resources/research-
reports/2020/dc-emergency-funds-covid-19/
• COVID-19 and Working in Retirement -- https://www.soa.org/resources/research-reports/2020/covid-19-working-
retirement/
• Impact of COVID-19 on Senior Housing and Support Choices -- https://www.soa.org/resources/research-
reports/2020/covid-19-senior-housing/
• Impact of COVID-19 on Family Dynamics in Retirement -- https://www.soa.org/resources/research-reports/2020/covid-19-
family-dynamics/
General Resources – COVID-19 Statistics Update July 8, 2020 --
https://www.soa.org/globalassets/assets/files/resources/research-report/2020/covid-19-key-stats-july.pd
60
61. Aging and Retirement
Aging and Retirement
Resources – Society of Actuaries, cont’d
Impact of COVID-19 on Aging and Retirement – Essay Collection
The Society of Actuaries’ Aging & Retirement Strategic Research Program is pleased to make available essays received in response to
its Call for Essays on the impact of COVID-19 on aging and retirement.
• Will Retirement Change Due to COVID-19?
by Linda Koco
• Lessons for Retirement Annuities from Coronavirus Induced Economic Turbulence
by Thomas L. Hungerford
• Effects of Ephemeral Mass Unemployment
by Jack Lund
• Are CCRCs and Senior Housing Communities a Good Choice? COVID-19 and Risk in Arrangements for Senior Housing and Support
by Anna M. Rappaport
• Managing “Black Swan” Stock Market Risks in Retirement
by Kenneth Steiner
SOA COVID-19 home page
• https://www.soa.org/programs/covid-19/research-podcast/#research
61
62. Q&A
Please submit your questions to panellists via
the Q&A tab
Join the conversation: @ilcuk
#WhatHappensNext
64. Future of Ageing 2021: Reimagining
ageing in a changing world
Register at
http://futureofageing.org.uk/
@ilcuk
#FutureOfAgeing
Date: Thursday, 2 December 2021
Time: 9.00am – 5.00pm GMT
Location: Wellcome Collection, London