Episode #9 - An Actuarial Perspective: How COVID-19 is Affecting the Pricing of Benefits

The Benefits Connexion Podcast

Featuring Fabricio Naranjo, partner at RSM Canada and David Mamane, leader in RSM’s cutting-edge Industry Eminence Program.In podcast #9 Fab Naranjo and David Mamane, both consulting actuaries with RSM Canada, speak with Denise Balch of Connex about how the insurance industry has responded to COVID-19 and the medium and long term impact COVID-19 will have on group benefits in Canada. They discuss the initial response by risk managers to the health and economic crisis caused by the pandemic and the extent to which insurers were prepared for the pandemic we are still living through today. Changes in risk, pricing, new products and new ways of delivering existing products and services have all happened in a very short period of time – since March 13, 2020. Our experts share why the market conditions are such that an industry known for its conservative approach to change and innovation may just have reached a tipping point in how they do business.But it’s not all good news. Fab and David will provide insights into the long-term repercussions of COVID-19 and what plan advisors and their clients should look out for as well as how they can prepare.Recorded August 13, 2020.Find out more information on upcoming podcasts and webinars at https://connexhc.com