The results can help to make decisions about selectively lifting lockdown or social distancing measures which will enable a balanced approach to reinvigorating the economy while keeping the population safe . Insights were published in
Actuaries Digital , a platform for actuaries to showcase their thought-leadership to the profession .
In 2020 , academics from the school received funding of $ 310,000 as part of the ARC Discovery Project scheme . Lead investigator , Professor
Qihe Tang is heading up a project that will help insurance companies better understand and manage catastrophe risk . “ The research is quite new ,” said Professor Tang . “ People have talked about it – now we want to provide tangible solutions ... The end-product of this three-year project will be a comprehensive system of catastrophe risk management . This will improve business decision-making in general , helping provide insights to researchers , practitioners and regulators in insurance .”