CIA (e)Bulletin/(e)Bulletin de l'ICA

Canadian Institute of Actuaries/Institut canadien des actuaires

November 2010
Your Institute


By Micheline Dionne, FCIA

CIA President

It has been five months since I was given the honour and privilege of becoming President of the CIA, and this hectic—but enjoyable—period has already given me a whole new perspective of our profession. As the holiday season is fast approaching, let me share with you some of my thoughts on how great our profession is.

During our day-to-day work, it is understandable that we are focused on our individual practice areas and the complex projects that call on all of our education and expertise. The exacting role of an actuary always demands discipline, attention to detail and a rigorous nature. There is rarely sufficient time to take a step back and think of the profession as a whole, especially in a country as large and diverse as Canada. The working life of a pension practitioner in Halifax will be quite different from that of an actuarial evidence specialist in downtown Vancouver, and both might expect wholly different things from the CIA.

But gaining that fresh, broad perspective of Canada’s actuaries is just one of the invaluable benefits, I have found, of becoming President. My new role has allowed me to fully appreciate the importance of the CIA’s cadre of volunteers and their work on a national and international scale. I was amazed when I met with Indian actuaries to find that they have created their standards from what they perceived to be the best from around the world and, guess what, they are amazingly similar to the Canadian standards. I have discovered how highly regarded we are in the Caribbean islands and how important our presence is there. It is with great pride that I will be making a presentation on IFRS at the Caribbean Actuarial Association Annual Conference in early December with other Canadian actuaries. Not only are they counting on us but they are also working hard to be ready on their own.

I have also been given a deeper insight into the inestimable value of our volunteers, and the great efforts they make to ensure our profession evolves to meet ever-changing demands. We have thousands of members in communities of all kinds, in widely different provinces and territories, united in their desire to see our profession develop and prosper. Whether I have been putting my name to CIA submissions to governments or public positions, or representing the Institute abroad, it is obvious that I represent many people working diligently to produce actuarial products of high quality. We have been real leaders and I hope that we will continue to be leaders for many years to come and not rest on our laurels. Our business is becoming more and more complex every year so we need to keep up with the best work. The competition out there is looking at what has been done and is building on it, and we too need to build on the best to stay relevant.


Each day I feel honoured to be President, and slightly awed by the responsibility placed upon me. But my role to date has shown me that the profession has much to be proud of, and I am sure we can meet all the challenges 2011 will undoubtedly bring.


Best wishes to all and thank you so much for your extraordinary dedication and support.

If you have any questions or comments that you would like to share, please contact me at president@actuaries.ca.

Michelin
e Dionne, FCIA, is President of the Canadian Institute of Actuaries.
 
Spotlight


By Rob Stapleford, FCIA


For some time the Canadian Institute of Actuaries (CIA) has been discussing the implementation of a Canadian university accreditation program, formerly known as the future education methods or FEM.

In May, the CIA Board reaffirmed its desire to proceed with the development of a Canadian-only accreditation program. A new CIA Accreditation Committee (AC) was formed and has been extensively reviewing the accreditation criteria and process with a view to a Canadian-only model.

During its review, the AC has looked at members’ perspectives regarding maintaining high standards for the actuarial profession in Canada, and the universities’ perspectives on the practical aspects of implementing such a system. It is important to note that the program’s goal is to enhance the actuarial profession by ensuring it continues to evolve and remain relevant for current and future actuaries. The accreditation program also strives to create a culture of partnership between the CIA and universities providing actuarial education in Canada. Canadian universities have a strong global reputation for their programs’ quality and rigor and the Institute is renowned for maintaining high standards for the profession. It makes sense, therefore, to collaborate.


By working together to build a course accreditation process for the preliminary actuarial examinations, the CIA and universities can directly influence and strengthen the quality of education for actuaries in Canada and make the travel time to obtaining the Fellow of the Canadian Institute of Actuaries (FCIA) more predictable, without compromising the quality of actuaries entering the profession.


Accreditation will allow universities to provide students with the option of applying to the CIA for exemptions, on a course by course basis, from some of the early examinations currently required to achieve the FCIA designation. The university course syllabus would have been previously approved by the Accreditation Committee, as would the university’s recommended pass marks.


For university students on their road to becoming a Fellow, obtaining exemptions through course accreditation would be an alternative to writing some of the preliminary multiple choice exams, with the exception of the Probability Exam. Passing the later SOA and CAS exams would still be required, as would be the additional requirements for Fellowship including modules and professionalism courses.

Gaining exam credits through university courses is not new to the actuarial profession. In fact, Canada and the U.S. are the only major countries with no formal involvement of universities in the actuarial education process; many other professions with education components leading to a designation have university participation in their certification process. For example, in the UK, Australia and South Africa, actuarial students can receive exam credits through university courses. Therefore, such accreditation for exam exemptions is not new, but it is new for Canada, and the CIA Accreditation Committee is taking this challenge seriously. A lot of work has been done, but there is much more to do to ensure the profession’s high standards are maintained.

The CAS has appointed a liaison representative to the CIA Accreditation Committee. The SOA has chosen not to appoint a liaison at this time.

The accreditation policy document was published in late October for review and comment by both members and universities. There is still time to provide your input as we will be accepting written comments until December 31, 2010. The original memo to members of the Institute can be found at: http://www.actuaries.ca/members/publications/2010/210073e.pdf
.

The program’s draft policy can be found at: http://www.actuaries.ca/members/publications/2010/210072e.pdf
.

Please send any comments or feedback to: accreditation@actuaries.ca.


Rob Stapleford, FCIA, is Chair of the Accreditation Committee.
 
MOVERS AND SHAKERS








A creative actuary is doing his bit for the environment while saving money and turning his daily commute to work into a most pleasurable experience.

Joseph Gabriel, a Fellow of the CIA who works for the Canada Employment Insurance Financing Board, rides an electric bike that he converted himself. And, since completing it in April, he has already covered 4,000km.

Keen cyclist Joseph, 39, decided to create his own bike after being disappointed with the electric cycles available in stores. He explained: "Mine is a regular BMX bike but I've made it much more powerful than store bikes. In addition electrical BMXs just don’t exist on the market. Quality factory e-bikes can cost $2,500 to $3,000 but converting mine has only cost $1,200. I added a battery, controller, throttle and a device that shows me the amps, volts and all relevant road data. It's front-wheel-drive by virtue of its front motor wheel and energy efficient, but I had to make sure that the rear custom-made mount was strong enough for the battery, which weig
hs 15 to 20 pounds. I also had to pay attention to the wiring."

Converting the bike, pictured right, last winter took 30 hours and Joseph, who lives in Gatineau, said the project has proved much more successful than he expected. "I complete a 26km round-trip to work every day and I've never been stuck in traffic. I don't need insurance or parking, just a bike lock, and there are zero emissions. I don't have to dress up for the bike, or shower or change when I get to work. It takes me 20 minutes from home and when I arrive I am fully functional."

The bike, which is limited by legislation to a speed of 32km per hour, can cover 50km on a full six to seven-hour charge, although Joseph has the option of pedaling whenever he wants. The father of two, who wears a full-face helmet when he rides, added: "I do get quite a stare from drivers and bystanders, but I think of this as a revolution in commuting. Going to work is a pleasure; I'm out in the air, riding by the river. Getting fewer cars on the road is a good objective, and I recommend that everybody gets an electric bike. They're great for commuting - but not as good for exercise! I do have to take the bus from December to March, though. There are studded tires available for use in winter but my wife wouldn't allow it."

Joseph has advice for anybody considering developing their own electric cycle. Practically any regular bike is suitable - he chose a 20in-wheel model as a reduced diameter results in more torque and he enjoys the low-riding feeling - but a basic knowledge of electricity is important when it comes to choosing the right battery, motor and controller. Such bikes can also require slightly more maintenance than regular cycles, given the presence of electrical components. In addition one must be somewhat of a mechanic in order to build and maintain a reliable and quality finished product.

There are numerous websites for potential electric cyclists: visit www.ridemore.ca or www.ebikes.ca for more details.
 
Institute News


Friends and colleagues gathered en masse this month to mark the end of the long and highly-regarded career of former CIA President Professor Rob Brown, PhD, FCIA, FSA, ACAS, HonFIA.

The occasion was commemorated at a banquet in Toronto's Westin Harbour Castle, where actuaries, academics and other professionals paid tribute to a man recognized as an expert on social security and Canada's aging population.

The author of six books and numerous reports and other publications, he held the post of Director of the Institute of Insurance and Pension Research at the University of Waterloo. But his career also included:
  • Work as a property/casualty consulting actuary with companies like the Prudential of England and the Cooperators General;
  • Six years on the CIA Council, serving as President in 1990-1991;
  • Presidency of the Society of Actuaries in 2000-2001;
  • Serving on International Actuarial Association committees;
  • Representing the public as a councillor in Waterloo;
  • Being a director of Seaboard Life (Vancouver);
  • Receiving an Honorary FIA from the UK Institute of Actuaries;
  • Being appointed to the three-actuary panel that peer-reviewed the 21st Canada Pension Plan Actuarial Report; and
  • Assisting the International Monetary Fund, World Bank and countries in Europe, Asia and Latin America.

CIA President Micheline Dionne, one of those who attended the banquet, paid tribute to Prof. Brown. She told guests: "He has been a great source of inspiration for the actuarial community. He has never been one to perpetuate stereotypes like the actuary unable to communicate, or the professor so hermetic that nobody can understand them or cares to understand. Quite the contrary; he has focused his message on socially relevant topics while talking a language that we ordinary actuaries could understand and, even better, that the public could understand. He has not been shy about taking the lead, either.

"Every step along the way, Rob has made us proud that he was an actuary and that he was Canadian.

"I would like to thank him for the actuarial careers that he has inspired, for the support he has provided to the CIA organization, and for promoting the academic presence amongst the practitioners. The profession does benefit from a strong academic community and I hope, Rob, that your influence will continue and that other academics will follow the path that you have opened."
 
Arthur M. Cushing, FCIA (1966)
Donald J. Leapman, FCIA (1965)
James G. Mathewson, FCIA (1979)
 
THIS MONTH'S PUBLICATIONS
Webcast: Stochastic Modeling For Health Care Actuaries

The International Actuarial Association’s Health Section (IAAHS) is offering a webcast on Stochastic Modeling for Health Care Actuaries on November 16, 2010 at 9:00 a.m. and 6:00 p.m. (EST). The webcast is sponsored by Milliman, and follows the publication of Stochastic Modeling – Theory and Reality from an Actuarial Perspective. This book was published in May by the International Actuarial Association (IAA) and two of the authors, Jim Stoltzfus and Andrew Dalton from Milliman, will be speakers on the webcast. Further information about the book is available at: www.actuaries.org/stochastic/

The webcast will be offered free of charge to IAAHS members and its agenda is as follows:
  • Stochastic Modeling: General Concerns
  • Overview of Health-Specific Issues
  • Data Validation
  • Calibration
  • Auditing
  • Review
  • Communication
  • Stochastic Modeling for Health Actuaries
  • Economic Factors (interest, unemployment, inflation, etc.)
  • Assumptions (PMPM, terminations, etc.)
  • Trend Factors
  • Specific Products
  • Stochastic Model for Medical Policy Claims Example
  • Stochastic Model for Long Tail Health Product
  • Listener-Submitted Questions

Speakers: Jim Stoltzfus (view bio), Andrew Dalton (view bio) and Richard Kipp (view bio).

Duration: Ninety minutes (each webcast).


All that you need to follow the webcast is an internet connection, Windows Media Player and the Java plug-in.

Non-members of the IAAHS are welcome but will have to pay a registration fee of $50 CAD for the webcast. This will also give them access to the webcasts offered by the IAAHS in 2011—it plans to have at least two during the year, which will also be provided free to IAAHS members.


Contact with Questions: N/A

Educational Note: Guidance for the 2010 Valuation of Policy Liabilities and DCAT for Property and Casualty Insurers

The Canadian Institute of Actuaries’ Committee on Property and Casualty Insurance Financial Reporting has prepared this educational note to provide guidance to actuaries in areas affecting valuation of policy liabilities and dynamic capital adequacy testing (DCAT) reporting for property and casualty insurers. This educational note reviews relevant Standards of Practice and educational notes and discusses current issues affecting the Appointed Actuary’s work.

Link: http://www.actuaries.ca/members/publications/2010/210076e.pdf

Contact with Questions
: Pierre Dionne, Chair, Committee on Property and Casualty Insurance Financial Reporting, at pdionne@ccr.fr

New Co-sponsored Audiocasts

The Conference of Consulting Actuaries is pleased to announce the first two audiocasts co-sponsored by the American Academy of Actuaries and Canadian Institute of Actuaries. To find out more or to register, please click on the link below.

How Have the New ASOPs Changed Your Practice?
Wednesday, November 10, 2010
12:30 p.m. – 1:45 p.m. EST

Presenters:
S. Aquil Ahmed, EA, FCA, MAAA, ASA – consulting actuary
Susan Breen-Held, EA, CPC, MAAA – Principal Financial Group
Stephen Alpert, EA, FCA, MAAA, FSA, MSPA – Mercer

This session will explore the evolution of actuarial practice in response to the Actuarial Standards of Practice (ASOPs). The speakers will discuss their personal experiences in working through dynamic tensions embedded in the ASOPs and how that analysis helps the practice evolve. Some examples may be:

  • Should ASOPs lead practice or codify existing practice?
  • Are ASOPs just a compliance requirement, or should their spirit and intent be considered guidance to help improve actuarial work?
  • When can an actuary be silent about his or her feelings, and when does the public expect a clear statement (even if it is not required by the ASOPs)?


Best Practices for Non-US Retirement and Benefit Plan Management
Wednesday, November 17, 2010
12:30 p.m. – 1:45 p.m. EST

Presenters:
Douglas Carey, FCA, MAAA, FSA, EA – Deloitte Consulting
Jason Flynn, EA, FCA, MAAA, FSA – Deloitte Consulting
Robert Holdom, MAAA, FSA, EA – American Express

The panellists will discuss global governance of employee benefit plans, including such topics as which practices work best from a global perspective and what is best left to local managers. Hear the perspectives and experiences of global actuaries from the corporate and consulting sides of global benefits.


Contact with Questions: Alicia Rollo, CHRP, director, education and professional development; alicia.rollo@actuaries.ca

Board Appointments

At a special meeting of the CIA Board on October 28, 2010, Martin Roy, FCIA, who has served on the Board as a Director since 2008, was appointed Secretary-Treasurer of the Institute, to complete the term of office (through June 2011) of Hugh White, who passed away suddenly on October 8.

As well, A. Kim Young, FCIA, was appointed to the Board to complete Mr. Roy’s term of office as Director, which also runs through June 2011. The Elections Committee, in accordance with its rules, recommended Mr. Young to the Board. He is a pension practitioner in Calgary, AB.

Contact with Questions: Lynn Blackburn, interim executive director, CIA Secretariat, at lynn.blackburn@actuaries.ca

Submission to the Nova Scotia Department of Finance

The CIA presented its comments on Nova Scotia Department of Finance paper entitled Mechanisms for Enhancing the Retirement Income System in Canada.

Link: http://www.actuaries.ca/members/publications/2010/210071e.pdf

Contact with Questions: Michel St-Germain, Chair, Member Services Council at michel.st-germain@mercer.com

CIA Accreditation Committee releases draft university accreditation program document

As you are aware, the Canadian Institute of Actuaries (CIA) has for some time been considering the implementation of a Canadian university accreditation program. Its purpose would be to enhance the actuarial profession by ensuring it evolves and remains relevant for current and future actuaries. The program also aims to create a culture of partnership between the CIA and universities providing actuarial education in Canada.

A draft policy document outlining the criteria for accrediting universities is available for review.

CIA members are invited to review the material and send comments, if desired, by December 1, 2010 to accreditation@actuaries.ca

Contact with Questions: Alicia Rollo, CHRP, director, education and professional development; alicia.rollo@actuaries.ca

Launch of global Chartered Enterprise Risk Analyst (CERA) website and CIA CERA webpage

The Canadian Institute of Actuaries is pleased to announce the launch of the global CERA website, ceraglobal.org, and a Canadian CERA page on the CIA website, at http://www.actuaries.ca/membership/cera_e.cfm, which is intended to be members’ source of local information regarding the qualification.

CERA is the new global Chartered Enterprise Risk Analyst qualification and the website will provide news and information about the credential and its benefits.

Links: Global CERA website: ceraglobal.org
Complete Global CERA website announcement: http://www.actuaries.ca/members/publications/2010/210070e.pdf
CIA CERA webpage: http://www.actuaries.ca/membership/cera_e.cfm

Contact with Questions: Alicia Rollo, CHRP, director, education and professional development, alicia.rollo@actuaries.ca, (613) 236-8196, ext. 136

Webcast – Total Career Benchmark Model – A Pension Model for Retirement 20/20

October 28, 2010 from 12:00 to 13:30 (EDT)

Speaker: Thomas J. (Tom) Walker, FCIA, FSA, CFP

Tom Walker will provide an overview of his award-winning Total Career Benchmark (TCB) Model and answer the key questions: what is it, what does it do, and how does it do it? He will explain the model’s key tools and how they work, plus how to transition from the current pension system to the TCB.

Mr. Walker’s paper was among four papers selected to win an award at the Retirement 20/20 Conference: New Designs for a New Century, held in Washington during the summer. The Society of Actuaries brought together experts to design a new retirement system from the ground up that works for employers, workers and society at large, while factoring in market risks.

Links: To register: http://www.actuaries.ca/webcasts/index_e.cfm
To view paper: http://retirement2020.soa.org/Files/2010-walker.pdf

Contact with Questions: Alicia Rollo, CHRP, director, education and professional development; alicia.rollo@actuaries.ca

CPD deadline grows near

This is a friendly reminder that the December 31 deadline is just around the corner for CIA members to have completed their Continuing Professional Development requirement for 2010. The period for filing your compliance statement for the 2009–2010 period will be January 1–February 28, 2011. Compliance with the Institute’s Qualification Standard with respect to CPD is a prerequisite for members to provide actuarial services. Members are required to complete a minimum of 100 hours of combined structured and unstructured relevant activities, which includes at least 24 hours of structured activities, over the last two complete calendar years. These hours must include:

  • At least 12 hours of structured activities related to the member’s technical skills; and
  • Four hours (structured or unstructured) related to professionalism.


The CPD Information Tracking Tool is available to help you keep track of your hours throughout the year at:
https://www.actuaries.ca/members/toolkit/update_cpd_info_e.cfm.


For more information, visit My CPD at
https://www.actuaries.ca/members/professional/my_cpd_e.cfm (please ensure you are logged into the Members Site).


Links: Tracking tool:
https://www.actuaries.ca/members/toolkit/update_cpd_info_e.cfm

My CPD: https://www.actuaries.ca/members/professional/my_cpd_e.cfm

Contact with Questions: Leona Campbell, coordinator, eligibility and education, at leona.campbell@actuaries.ca. Tel: 613-236-8196 ext. 124; fax: 613-233-4552

Hugh White dies suddenly

It is with great sadness that I inform you about the sudden passing of Hugh White, our Secretary-Treasurer, on October 8 in Toronto.

Hugh, who was 64 and is survived by his wife and three children, had a degree in actuarial mathematics from the University of Western Ontario. He qualified as a Fellow of the Casualty Actuarial Society and of the Canadian Institute of Actuaries in 1970. During 31 years with a major global insurance company, he held a variety of senior management positions including head of underwriting and risk management, chief financial officer, chief actuary, and business unit head. In 1999 he joined Eckler, where he was working as principal before his death.

Hugh was a long-time volunteer with the Institute, serving as vice-president and member of the Board. He was also involved in the Committee on Property and Casualty Insurance Financial Reporting, the Committee on Life Insurance Financial Reporting, the Committee on Review, the Committee on Emerging Issues, the Editorial Committee, the Public Policy Committee and the Committee on the Appointed Actuary, among others, as well as the Crawford Task Force, and the Practice Standards Council. His wise counsel will be deeply missed.

Below is a link to his obituary which includes details on the services to be held on Thursday.

Micheline Dionne
President



Educational Note on Sources of Earnings CalculationsGroup Life and Health

This educational note is meant to provide a framework for disclosure of sources of earnings for group life and health benefits that would result in reasonable consistency of approach and disclosure across the industry. The note is directed to life insurance company actuaries whose work in Canada is involved with the determination and disclosure of sources of earnings analysis.

It is meant to supplement the existing draft educational note, Sources of Earnings: Determination and Disclosure (August 2004), with more detail concerning issues specific to group life and health benefits. It is also intended to give some guidance for additional review and understanding of group earnings that management may find useful, even if they choose not to disclose the full analysis publicly.

To read the educational note, please access the link below.

Link: http://www.actuaries.ca/members/publications/2010/210069e.pdf

Contact with Questions
: Arshil Jamal, Chair, Committee on the Appointed/Valuation Actuary, at arshil.jamal@gwl.ca

Canadian Standard Ordinary Life Experience 2003-2008 – Special report on the CIA9704 Tables

This is a special report submitted by the Individual Life Experience Subcommittee of the Research Committee detailing the intercompany mortality experience for Canadian standard ordinary life insurance policies. The underlying experience is identical to the recent 2007–2008 study.

The CIA 9704 mortality tables were used to separately calculate the expected death claims for males and females and for smoker/non-smoker distinctions.

To view the special report or the tables, please access the links below.

Contact with Questions: Marc-André Belzil, Chair, Individual Life Experience Subcommittee, at mbelzil@rgare.ca

Research Paper – Disclosure Requirements IFRS 4 – Insurance Contracts for P&C Insurers

For property and casualty (P&C) insurers, the two primary implications of IFRS 4 Phase I, which is due to be implemented in Canada on January 1, 2011, are related to the classification of insurance contracts and enhanced disclosures in financial statements.

The Committee on Property and Casualty Insurance Financial Reporting has drafted this research paper to identify the disclosures that are relevant to P&C insurers, analyze the considerations of the disclosure requirements, and provide guidance for disclosure, including examples.

The paper presents the actual disclosure requirements from the IFRS paper, followed by the committee’s comments and suggestions. It is followed by an appendix which offers an illustrative example.

Link: http://www.actuaries.ca/members/publications/2010/210067e.pdf

Contact with Questions: Pierre Dionne, Chair, Committee on Property and Casualty Insurance Financial Reporting, at pdionne@ccr.fr

Webcast – International Financial Reporting Standards (IFRS) Series
The CIA Response to Recent Developments

October 27, 2010 from noon to 13:30 (EDT)

Speaker: Jim Doherty, partner, Ernst and Young

The International Accounting Standards Board (IASB) has released its long-awaited Exposure Draft on Insurance Contracts under IFRS 4 Phase II, with a deadline for comments of November 30, 2010. The CIA has charged two committees to develop the Institute’s response to this document. During this webcast, we will present an update on the progress of these committees, and provide attendees with the latest view on the content of the submission.

Link: http://www.actuaries.ca/webcasts/index_e.cfm

Contact with Questions: Alicia Rollo, CHRP, director, education and professional development, at alicia.rollo@actuaries.ca

The CIA is looking for an executive director

As you know, the CIA is currently looking to hire a new executive director, following the departure of Daniel Lapointe. You will find below the advertisement that has now been posted by the recruiting agency for the position. If you are interested in receiving further information about the position, please contact the recruiter at the link below.

September 2010

The Canadian Institute of Actuaries (CIA) is a respected national organization that serves the interests of the public and the CIA’s nearly 4,000 professionals. With financial security and risk management a top priority for Canadian institutions, Fellows of the CIA are highly sought by many of the country’s financial and institutional leaders, and are looked to as trusted voices for the Canadian public.

Based in Ottawa and accountable to the Board of Directors, the executive director plays a fundamental role in advancing awareness of the CIA and the actuarial profession with Canada’s corporate, government and political leaders. The executive director builds sound relationships for the CIA, represents the Institute and its positions to stakeholders, and provides counsel to the Board, its Councils, and assigned committees. The executive director is responsible for the daily operations of the Secretariat of the Canadian Institute of Actuaries including the management of all staff resources, the delivery of assigned member services, and support to volunteers.

As the ideal candidate for this role, you possess a degree in a relevant discipline and have a minimum of 10 years' senior leadership experience in organizations of similar size and complexity to the CIA. Highly strategic and well respected for your financial literacy and public policy knowledge, you will be a guiding force in the continuing development of the Institute – focusing on maintaining its role as the spokesperson for the actuarial profession in Canada. You are an outstanding communicator and relationship builder, able to build sound relationships at all levels, internally and externally. Dynamic, proactive and politically astute, you possess significant experience reporting to and supporting a board of directors. Functional bilingualism in Canada’s official languages is required for this role.

For more information on this exciting opportunity, please contact Andrew Dumont at (613) 742-3210 or via e-mail to andrew.dumont@odgersberndtson.ca. To be considered for this position, please submit your resume and related information online here.

Link: See above

Contact with Questions: Andrew Dumont at (613) 742-3210 or via email to andrew.dumont@odgersberndtson.ca.

 
Calendar of Events
December 8, 2010
CIA Webcast
International Financial Reporting Standards Series: Canadian Standards Noon to
1.30 p.m.
(EST)
June 29-30, 2011 CIA Annual Meeting The Westin Ottawa Ottawa, ON
September
22-23, 2011
CIA Seminar for the Appointed Actuary
Doubletree by Hilton - Toronto Airport Hotel
Toronto, ON

Additional information on all CIA meetings can be obtained at:
www.actuaries.ca/meetings/calendar_of_meetings_e.cfm, or by contacting Nancy Jenkinson at 613-236-8196, ext.104, or nancy.jenkinson@actuaries.ca.

For information on CIA webcasts, visit http://www.actuaries.ca/webcasts/index_e.cfm.

 
Board and Council Updates
Board
 
Jacques Lafrance has been appointed Chair of the Pension Advisory Task Force, effective November 30, 2010.

Steve Bonnar and Marcus Robertson have been appointed to the Pension Advisory Task Force, effective September 22, 2010.

Martin Roy has been appointed to serve as Secretary-Treasurer of the Institute until the next general election, effective immediately.

Kim Young has been appointed to serve as a Director of the Institute, for the balance of the current term of office vacated, effective immediately.
 
Eligibility and Education Council
 
Nadine Gorsky has been appointed a member of the Committee on Continuing Education.
 
Frank Reynolds and Graham Rogers have been appointed members of the Skill & Knowledge Inventory Subcommittee of the Committee on Continuing Education, a new subcommittee.
 
Tim Bishop and Altaf Rahim have been appointed to the Enterprise Risk Management Subcommittee of the Committee on Continuing Education, a new subcommittee.
 
Jonathan Hede and Tony Williams have been appointed members of the Investment Subcommittee of the Committee on Continuing Education, a new subcommittee.
 
Stephen Cheng, Deborah McMillan and Yanick Chainey have been appointed members of the Pension Subcommittee of the Committee on Continuing Education, a new subcommittee.
 
Jessica Newman, Maria Semak and Stephanie Banfield have been appointed members of the Reinsurance Subcommittee of the Committee on Continuing Education, a new subcommittee.