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Actuarial Eye

An actuarial eye on the world

Jennifer Lang
Jennifer Lang is a Non Executive Director and actuary. Jennifer focuses on a fact-based understanding of the world, underpinned by the rigorous use of data to inform understanding. Jennifer is an advocate for the insights actuaries can add to a wide variety of issues. She writes here on anything where her actuarial skills add insights. The posts on this site are personal views.
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Latest Posts

Covid19 Reflections #12

2020-04-01
On: April 1, 2020
In: Covid19, Statistics, Work and life

Today’s Insight This great post on linkedin talks about the difficulty of calculating a case fatality rate for Covid19. A case fatality rate is the probability that someone will die if they are infected with Covid19. And to calculate the rate you need a numerator – a number of deaths,Continue Reading

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Covid19 Reflections #11

2020-03-31
On: March 31, 2020
In: Covid19, Statistics, Work and life

Today’s Insight Today’s insight is just a brief one, it is about exponential growth. We spend a lot of time talking about how the growth of Covid19 is exponential. But exponential growth is not intuitive. To illustrate this to myself, I built a very simple model. I looked at theContinue Reading

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Covid19 Reflections #10

2020-03-30
On: March 30, 2020
In: Australian Politics, Covid19, Statistics, Work and life

Today’s insight I’ve previously written that the number of positive tests in any country is not necessarily a good measure of how prevalent Covid19 is in that country. It really depends on how much of the population is being tested, and how many of those tests are positive. I hadContinue Reading

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Covid19 Reflections #9

2020-03-29
On: March 29, 2020
In: Covid19, Health care, Statistics

Today’s Link In something that will gladden the heart of any actuary or statistician reading this, a number of Victorian testing centres have decided to test every 5th person who comes in, whether or not they meet the testing criteria. Why does that matter? Because it will give them aContinue Reading

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Covid19 Reflections #8

2020-03-28
On: March 28, 2020
In: Covid19, Health care, Statistics

Marta asked whether I would be writing on the weekend. The answer (as you can see) is yes, but I’ve decided to give myself the weekend off from analysis. So only three sections today. Today’s links If you’re riding bike around, you should leave more than 2 metres between youContinue Reading

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Covid19 Reflections #7

2020-03-27
On: March 27, 2020
In: Covid19, Statistics, Work and life

Today’s insight NSW Health has released a whole lot of new information on its website about all the cases in New South Wales. There is far more information than last time I looked. The sobering statistic is that there are now 19 people in intensive care in NSW with Covid19,Continue Reading

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Covid Reflections #6

2020-03-26
On: March 26, 2020
In: Covid19, Statistics, Work and life

Today’s Insight I’m working with a group of actuaries to put some numbers around possible scenarios for deaths in Australia. There are a lot of people cavalierly talking about this being an “old person’s disease”.  But the information available so far (based on what has happened in China and Italy)Continue Reading

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Covid19 Reflections #5

2020-03-25
On: March 25, 2020
In: Covid19, Statistics, Work and life

Today’s Insight/Link Today’s link and insight (I’m combining the two in one today) is a new study from Sydney University about social distancing. It uses an existing model that was built to model pandemic influenza, and concludes that 80% of the population needs to practice strict social distancing for fourContinue Reading

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Covid19 Reflections #4

2020-03-24
On: March 24, 2020
In: Australian Politics, Covid19, Statistics, Work and life

Today’s Insight In my first Covid reflections, I mentioned the difference in timing between infection, being infectious, having symptoms, testing positive, and recovery, or serious illness and/or death. I said that a positive test captures an event (the infection with Covid19) that happened between 4 days and 2 weeks beforeContinue Reading

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Covid19 Reflections #3

2020-03-23
On: March 23, 2020
In: Australian Politics, Covid19, Life, Statistics, Work and life

Today’s Insight Several people have asked me about how we should compare ourselves to Italy. There are quite a few ways, and I’m going to go through them. Yesterday (22 March) the number of confirmed cases in Australia was 1,363. In Italy, the point where that number was reached wasContinue Reading

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Actuarial Eye is based on Cammeraygal land. I acknowledge the Cammeraygal people of the Eora nation as the traditional custodians of our region and pay my respects to Cammeraygal elders past,  present.

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