Keep up with what has been happening this week in our latest actuary news round-up…

Demand for private medical insurance to increase after Covid-19 pandemic

According to GlobalData, a leading data and analytics company, the demand for private medical insurance will increase after the pandemic due to the backlog of NHS cases created by the pandemic.

IFoA to analyse diabetes mortality and morbidity risk

A research project analysing diabetes mortality and morbidity risk is being commissioned by the IFoA’s Actuarial Research Centre (ARC), Pacific Life Re, Partner Re, Swiss Re and Zurich Insurance Group. The project aims to create a deeper understanding of the risk associated with type 1 or type 2 diabetes.

Chancellor may take ‘difficult’ decisions on public finances

After announcing up to £30bn in crisis spending measures in his summer statement, the UK chancellor has said that he may need to take ‘difficult’ decisions in order to strengthen public finances in the future.

Thousands of jobs at risk as stores restructure due to the pandemic

The coronavirus pandemic has caused retails stores such as John Lewis and Boots to restructure their business; leading to the possibility of more than 5,000 high street jobs lost.

Insurance industry to recover from pandemic loss

Swiss Re Institute’s sigma has said that the global insurance industry will be able to overcome the recession due to the Covid-19 pandemic. Although there has been less of a demand for insurance this year, the demand for insurance will go back up in 2021 says Swiss Re.

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