Headlines about the appearance of the novel coronavirus COVID-19 make it seem as though infectious diseases appear suddenly and spread unpredictably. That's not entirely true, says Eric Westhus, PhD, Data Scientist, RGA Global Research and Data Analytics.
He explains the math behind compartmental modelling and the ways insurers and the public health and medical communities can use these predictive models to assess the risk posed by epidemic and pandemic events and plan for their severity. Through the sound use of data, modeling and insight, communities can better assess, plan for, and even prevent the next pandemic.
This video was developed in conjunction with actuview, the first permanent international media platform for actuaries (www.actuview.com). actuview content reflects contributions from actuarial institutions, corporate partners and industry professionals. RGA is actuview’s sponsoring partner.
RGA’s Global Research and Data Analytics (GRDA) team is dedicated to developing new research data sets and applying them to expand our understanding of risk in order to meet our clients’ data analytics needs and help move the industry forward. To learn how our GRDA experts can help your business, contact us.