General Insurance and Workers Compensation

PANDEMIC BRIEFINGs

Addressing COVID-19 Impacts on Non-Financial Risks in FCRs

This note is intended to support Appointed Actuaries in their preparation of Financial Condition Reports, as they consider the impacts that the COVID-19 pandemic and shutdowns have had on Non-Financial Risks.


Motor injury schemes high level summary

As many actuaries engage in financial year end reporting, the latest Pandemic Briefing provides a summary of what insurers should consider in their reports, such as claim size and risk margins. It also provides a high level overview of premium setting considerations.


Business Interruption

This note has been produced by the Business Interruption (BI) working group based on their understanding at the time of writing of the issues for BI policy coverage of COVID-19. It is intended to provide ideas around issues for consideration by Actuaries as well as potential sources of information. 


Best Estimate Assumptions, Capital Margins, Target Surplus and ICAAP

The purpose of this document is to provide a list of considerations on the issues related to:

  • Setting best estimate assumptions.
  • Considerations around capital margins and other PCA considerations.
  • Target Surplus policy and ICAAP.

ICAAP Considerations

This note aims to assist actuaries advising entities on the capital implications of the COVID-19 pandemic and is applicable to life insurance, general insurance, banking and health actuaries. 

General Insurance and Workers Compensation

The discussion note contains insights into the potential operational  impacts of COVID -19 across various GI business lines. It also raises actuarial considerations to help the profession manage the crisis. Please provide any feedback to actuaries@actuaries.asn.au



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