Simon,
I think the crash you are seeing is different than the MO978220 incident which turns out to only affect Windows Server 2016.
Just to double check, but if you revert to the prior version of Outlook does it still happen?
- Open a Command Prompt in Administrator context.
- Type or paste the two commands into the Command Prompt window and press Enter after each:
cd %programfiles%\Common Files\Microsoft Shared\ClickToRun
officec2rclient.exe /update user updatetoversion=16.0.18227.20162
The builds to revert are taken from the Update History page, Update history for Microsoft 365 Apps (listed by date).