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Why diseases are important for actuaries

Why diseases are important for actuaries. One BIG market for insurance is health insurance For pandemics , there are exclusion clauses For actuaries , it is important to know some legal issues Example : Risk underwriters

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Why diseases are important for actuaries

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  1. Whydiseases are importantforactuaries • One BIG marketforinsuranceishealthinsurance • Forpandemics, there are exclusionclauses • Foractuaries, itisimportanttoknowsome legal issues • Example: Riskunderwriters • http://www.mapfre.com/wdiccionario/terminos/vertermino.shtml?s/suscriptor.htm

  2. Virus • A virus is a small infectious agent that replicates only inside the living cells of other organisms. • Viruses can infect all types of life forms, from animals and plants to bacteria and archaea. • Bacteriumis a single cellorganism • Bubonic plague was a case of bad bacteria • Salmonella, Shigella, Yersinia, Vibrio cholerae, Campylobacter, and certain strains of E. coli.

  3. Comparativesizes

  4. Ebola

  5. Whysomeviruses spread • Ifitkillstooquickly, itdoesnot spread • Ifitis detectable, curable quickly, itdoesnot spread • Ifitisundetectable (no outwardsymptom), AND itdoesnotkillquickly, thenitis a problem • Example: Influenza, HIV/AIDS

  6. H1N1 Spread end of 2009

  7. H1N1 Spread June 2009

  8. A(H1N1) • http://icpr.itam.mx/AIDS/CondonSinhaMaskPaper.pdf • Read the article • http://www.flu.gov/planning-preparedness/community/community_mitigation.pdf • Read it if you are interested

  9. Pandemic of 2009 • A(H1N1) • What happened? • Mexico: Three waves • Americans: It was a Mexican disease! • Countries with high rates of infection • Mortality: Public Policy • http://icpr.itam.mx/AIDS/CondonSinhaMaskPaper.pdf • http://icpr.itam.mx/papers/Condon_Sinha_Florida_Journal_2010.pdf

  10. Various flu pandemics since 1900

  11. Paseo de la Reforma, 2 de Mayo del 2009

  12. US infection rates

  13. Pandemic of A(H1N1)09 Phase 3 23 April Phase 4 27 April Phase 5 29 April Phase 6 11 April

  14. The first wave

  15. 24,25,26,27,28,29,30, 1, 2, 3, 4 , 5, 6, 7

  16. Panic in Mexico City

  17. The second wave

  18. ¿What happened? • When the first wave went, Mexican authorities declared victory • ¡The measures worked! • The masks, the closure of schools, stadiums, washing hands…. • This story would have been credible if the other two waves had not come • But…¡There were two other waves!

  19. Made in USA

  20. NAFTA numbers

  21. World numbers

  22. The use of masks

  23. Use of masks

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