Using older versions of Outlook for Mac for personal email and calendar
Got the Update to Outlook 16.27 (19071500) yesterday an the problem remains.
In fact it is worse !
After opening Outlook 16.27 after downloading , screen immediately started flashing .
It was posted that Microsoft were looking at resolving the problem ..let's hope .
(bear in mind this issue only applies to late 2015 27" iMacs ..the rest of the iMac world exists in a flash-free world !)
In interim Apple mail works just 100%!!