Potential Impact of Pandemic Influenza on the U.S. Life Insurance Industry

Sponsored by the Committee on Life Insurance Research and the Risk Management Section's Research Team, Jim Toole of MBA Actuaries evaluates the financial effects of different flu pandemic scenarios on the U.S. Life Insurance industry. In addition to the research report, he has developed an accompanying spreadsheet tool for individual insurers to better understand the associated financial risks of a flu pandemic.
 
During this study, the Project Oversight Group conducted two Delphi studies. One study examined how excess insured mortality as a result of a flu pandemic might differ from that of the general population. The second study examined the potential economic effects of a flu pandemic. Results are presented in the following reports.