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The pandemic can introduce variables that complicate the analysis of actuarial models. (Photo: Andrey Popov/stock.adobe.com) The COVID-19 pandemic can introduce variables that complicate the analysis of actuarial models. (Photo: Andrey Popov/stock.adobe.com)

The insurance industry relies heavily on actuarial models and benchmarks to analyze performance and predict future exposures. One of the core assumptions of analytics and benchmarking is that most components of the analysis mirror conditions similar to the past. However, the pandemic introduced several variables into the analysis that question the validity of those models in the future.

The latest “Out Front Ideas with Kimberly and Mark” webinar brought together a panel of industry experts discussing how models have been impacted and how risk managers need to adjust their future expectations to account for the pandemic’s impact. Our guests included:

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