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The International Network of Actuarial Risk Managers

Pandemic – Is This the Big One?

This article is written by Max Rudolph, FSA CFA CERA MAAA of Rudolph Financial Consulting, LLC

It has been five years since I published an extensive article in the Risk Management newsletter, and I have periodically written about influenza topics since then. Those articles can all be found at my web site.

In the past month a number of reports have come out about clusters of influenza. All have ties to Mexico, but it shows how quickly students and tourists can carry a virus around the world. Cases have been reported from New Zealand to the United States, and all places in between. What can we learn from these early cases? Is this a repeat of 1918? Will the virus stay active in the southern hemisphere during the summer months of the northern hemisphere?

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