Application closing date: 31 July 2024
Critical Illness insurance products continue to be a vital solution in many markets for protecting individuals against the financial risks of acquiring a critical illness. There is potential to build on the industry's understanding of CI rates by researching population health datasets (in particular, the Hospital Episodes Statistics (HES) data from NHS England) and developing CI incidence rates for the general population in order to provide benchmarks for insured portfolios.
Some of these aims have been addressed in the past, however, it is time that these approaches were revisited and brought up to date with the latest population health datasets and analysis techniques. Furthermore, an analysis of trends in CI rates since 2013 would be highly valuable in the context of changing social and economic conditions in England and the Covid pandemic.
In addition to the results directly applicable to actuaries working in life insurance, the Working Party will use this opportunity to work with population-level health data to develop outputs that would be of interest to NHS and social care audiences in England, demonstrating the key responsibility of working in the public interest, and how standard actuarial techniques (CI experience investigations) can be very useful for public health organisations and showing the value that actuaries can bring to working with anonymous health data to support delivery of health services.
To read more about the working party, see its terms of reference.
The time commitment varies but will not be more than a maximum of 2 hours per month. The working group will consist of monthly meetings, with more regular meeting as required.
If you are interested in this role but would like an informal conversation before applying, please email us at engagement.team@actuaries.org.uk.
If you have read all the above and would like to apply, please send us:
Please email all the above to engagement.team@actuaries.org.uk. Please note, we are unable to accept late applications.
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