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

Canadian Institute of Actuaries/Institut canadien des actuaires

January 2012
Your Institute


 
 
 
 
 
 
By Jim Christie, FCIA
CIA President

Late December and early January are relatively quiet times for me as President. However, as I look back on the first half of my term of office, I continue to be amazed at the contributions that are made on a daily, weekly, or monthly basis to the Canadian profession by so many actuaries volunteering their time and effort.

Though all actuaries benefit so much from the volunteers’ commitment, many of these volunteers do their work quietly without receiving much credit from the rest of us. I have been a volunteer in one capacity or other with the Institute since I became a Fellow almost 30 years ago. I can easily say that every volunteer activity I have enjoyed within the CIA has provided more to me than I ever gave to the Institute. That benefit may have been a deeper knowledge of areas where I already had expertise, a broader understanding of issues that was gained by hearing other points of view, or simply an expanded network of relationships.

There are many ways to volunteer within the Institute. We currently have over 50 councils, committees and task forces so at any time some of them are looking for help. I have asked all committee chairs to give special focus to ways of involving newer members in their committee’s activities.

Francis Bacon once said, "I hold every man a debtor to his profession." As actuaries we all benefit from the work done by the many volunteers within the Institute. But virtually all of these volunteers will tell you that, like me, they have been net beneficiaries from volunteering. I know you all have busy lives but I urge you to consider making time to volunteer to help the Institute with issues that particularly interest you. You will be a better actuary thanks to whatever you choose to give back to the profession.

If you would like to be more involved or speak to someone who is currently volunteering, please contact Carmelina Foti, coordinator of volunteer initiatives and member services, at carmelina.foti@actuaries.ca.


If you have any questions or comments, please feel free to write me at president@actuaries.ca.

Jim Christie, FCIA, is President of the Canadian Institute of Actuaries.
 
Spotlight
 
 
 
 
 
 
 
 
 
By Marc-André Melançon, FCIA
 
As I put pen to paper early in 2012, the time seems right to review what the Member Services Council (MSC) .
 
 After some three years as an MSC member, I took over from my colleague Michel St-Germain last July as council chair. So I would like to highlight some specific things that were accomplished for you, the members of the CIA, in 2011.
 
Research is a key aspect of the member services covered by MSC. For some years now, the Research Committee, chaired by Marc-André Belzil, has been given a large budget (between $250,000 and $300,000 a year) to carry out studies that are meaningful to CIA members. Here are some developments that took place in 2011:
 
  • A subcommittee on P&C insurance research was formed. Led by Marc-Olivier Faulkner, this subcommittee already has a research project in the offing, focusing on water-related damages.
  • In the field of individual insurance, a term lapse research project was launched. Ten insurance companies will be providing experiential data for the study.
  • In October 2011, the Group Long-Term Disability Termination Study was published.
  • One of the Research Committee’s objectives is to occasionally work on studies geared more to the public. One example in 2011 was the survey on retirement risks, as perceived by the Canadian population. The Society of Actuaries (SOA) has been conducting a similar study for a number of years.
The Communications Committee, chaired by Stephen Cheng, is another major volunteer enterprise for the CIA. A number of noteworthy challenges are on their radar for 2012. Together with the CIA’s Communications Department, we are in the process of overhauling the magazine Beyond Risk, which we stopped publishing in the middle of last year. The aim of this publication had been to present actuarial issues of the day to an audience comprising not just our own members but policy makers and the non-actuarial business community as well. We still believe in this objective, of course, but we are revisiting the publication formula (types of articles, subjects broached, paper or electronic platform, etc.) to broaden its scope and relevance. The Board feels that the CIA can exercise a real influence on issues that are important to Canadians. The key is making sure that the successor to Beyond Risk meets this objective.
 
The modes of communication used by our members have changed a great deal in recent years: social media, text messaging and smartphones are prime examples. The CIA is mindful of this important change, as well as the need to pay close attention to what our members expect of the CIA. At its most recent meeting in November 2011, the Board gave the MSC the mandate of analysing the CIA’s communication strategy, from the standpoint of both the message and the approach and tools employed. An MSC subcommittee should submit its recommendations to the Board for the first quarter of 2012. This mandate will be carried out in conjunction with the CIA Secretariat.
 
Initiatives for Getting Closer to our Members
 
In the months ahead, we will be launching a new internal survey group, or ISG for short (a temporary name), comprising dozens of members just like you. The group’s role will be to respond to brief surveys conducted by the CIA Secretariat. "Why this group?", you ask. The ISG will respond quickly to various questions on specific subjects, which will help guide the direction the CIA takes in its initiatives and planning. Watch for it in the coming weeks, because we’ll be needing volunteers and your opinion!
 
Actuarial Networking Group
 
In light of the new rules for obtaining the designation of CIA Associate, we are forming a networking group to encourage exchanges among university students and other individuals who do not meet the eligibility criteria for membership but who are interested in making contact, or remaining in contact, with the CIA. The logistics for this initiative will be finalized shortly.
 
Public Positions and Submissions
 
Over the past year, the CIA responded to numerous requests for comments through the MSC. We believe in the importance of making our voice heard on public issues where actuarial expertise can make a tangible contribution to the debate. Here are just a few examples of issues we covered:
 
  • Workplace safety and insurance board funding review;
  • Demutualization framework for federal property and casualty insurance companies;
  • Tax rules for pooled registered pension plans (PRPPs);
  • New Brunswick Task Force on Protecting Pensions; and
  • Employment insurance premium rate-setting consultations.
Board Initiative on Strategic Orientation
 
Over the past few meetings of the CIA Board, an exercise has been launched to define the Institute’s strategic orientation. What are the concrete issues we need to address in order to properly position the CIA over the next five to 10 years and thus remain relevant? From this discussion, two overarching strategic objectives have emerged:
 
  • Encourage the participation of existing members and attract new members; and
  • Enhance the CIA’s profile with its stakeholders.
The CIA is already carrying out a number of activities aimed at advancing these objectives. To enable the Board to delve deeper into these issues, the MSC has been asked to:
 
  • Develop several key messages geared to both strategic objectives; and
  • Identify the CIA’s key stakeholders with regard to the second objective.
The Board will revisit this question at its next meeting in March 2012.
 
Membership Survey
 
The Final Report on the 2011 Comprehensive Membership Survey was released in December 2011, revealing the opinions of over 1,100 Institute members.

The survey, conducted six years after the last such analysis, was designed to offer an up-to-date snapshot of member attitudes. It includes 17 recommendations on ways that the CIA can better support its members and enhance the profession.
 
We invite you to read the report, prepared by the Task Force on the Comprehensive Membership Survey (chaired by Jacqueline Friedland).
 
Encourage Young Actuaries to be More Involved
 
One of the Institute’s objectives is to see young members more involved in matters concerning our profession. Consequently, we encourage all the councils, committees and task forces to recruit new associates and Fellows and urge more experienced members to become volunteers. The diversity of outlooks and the ongoing recruitment of new volunteers will strengthen the Institute and its continuity. This strategy also dovetails with the major emphasis recently placed on enhancing the value of the Associate status within the Institute.

Lastly, you will be interested to know that the MSC recently reviewed the mandates and activities of its various committees. This annual exercise is aimed at ensuring that volunteers’ efforts lead to concrete actions in direct conformity with the objectives of the CIA membership.


Marc-André Melançon, FCIA, is Chair of the Member Services Council.
 
MOVERS AND SHAKERS
With the global economy still at far from peak condition, more and more people are tightening their belts and cutting costs, trying to obtain the most value for every dollar they spend.

Businesses are increasingly being forced to offer special deals to entice customers over their doorstep or onto their website, but finding the right discount at the right time can be a time-consuming and frustrating process for shoppers. Fortunately, help is at hand online: SmartCanucks is a popular destination for all those eager to lower their bills by taking advantage of the latest offers, coupons, flyers and other deals.

Boasting more than 100,000 members and a forum that contains over 4 million posts, the site gathers promotions and other cost-cutting initiatives from across the country. Visitors can sign up for mailing lists and RSS feeds (in English or French) and download printable coupons. The Local and Daily Deal sections allow viewers to search for deals in specific cities—with expiry times counting down for sought-after bargains collated from such popular sites as RedFlagDeals, StealTheDeal and Groupon—and the Flyers and Coupons page features hundreds of links to major Canadian companies.

Launched in 2006 and now describing itself as Canada’s largest online coupons community, SmartCanucks’ successful business model and design have earned it coverage from Canadian Living, the Globe and Mail, 24 Hours and many others.

MoneySense highlighted the site’s highly popular Freebies page, which regularly attracts hundreds of people who upload details of giveaways, samples, two-for-one deals, free downloads and much more; one post, concerning invitations to join the members-only La Societé Stella Artois, received more than 5,000 replies.

Another key feature is a succinct and well-written blog that covers a broad range of categories, not just special offers. In the Tips and Tricks category, for example, visitors can read advice on everything from harvesting pomegranates and purchasing a car to 15 things to buy after Christmas and myths about baby food. There is also a French blog with unique material.

Pros: the variety of offers available; the helpful attitude of forum members.
Cons: the search function is not as advanced as it could be; the sheer number of deals could be overwhelming to some.

Address: http://smartcanucks.ca
 
Institute News


Rob Stapleford (centre) and Chris Fievoli meeting one of the hundreds of students who attended the convention.

More than 400 actuarial students from across Canada were given an insight into the work of the CIA, and the benefits of being a member, during two days of seminars, presentations and a career fair in the dramatic surroundings of Niagara Falls.

The 2012 Actuarial Students’ National Association Conference, entitled ASNA at the Falls, was hosted by the Convention Committee of the University of Western Ontario, and sponsored by organizations including the CIA, Manulife Financial, Sun Life Financial, Desjardins, Intact, the Society of Actuaries and the Casualty Actuarial Society.

CIA members and staff from the Secretariat were on hand at the career fair to meet would-be actuaries from universities across the country as part of the event, which was designed to give students a deeper insight into the actuarial profession and a chance to connect with future colleagues. The CIA representatives answered questions about such subjects as the Institute’s role in Canada, becoming a member and working here as an actuary, and the roles and responsibilities that come with the FCIA designation.

Jason Vary, Vice-chair of the CIA Eligibility and Education Council, and Rob Stapleford, Chair of the Accreditation Committee, presented a session on important developments at the Institute, covering topics like the introduction of the ACIA designation and voting rights for Associates, and the implementation of Canada’s first actuarial science university accreditation program. FCIAs Kelley McKeating and Jamie Jocsak later explained the role of actuarial evidence (AE) practitioners and outlined typical AE career paths.

President-elect Simon Curtis also gave a speech before the event’s gala dinner (sponsored by the CIA), when he told students of the challenges and rewards of an actuarial career, and the anticipated international growth of the profession. He emphasized the importance of a good university system and strong professional body to the reputation of Canada’s actuaries, and confirmed that the CIA was committed to increasing its involvement with ASNA and encouraging students to be more engaged with the CIA early in their careers.

He added that the CIA was important to all actuaries practising in Canada as it was the body that provided the professional practice infrastructure for Canadian actuaries, and in order to engage with actuaries earlier, the Institute was taking several steps, including:

  • Being a sponsor of the convention;
  • Adding an ASNA representative to the CIA's new member committee;
  • Granting ASNA members eligibility to participate in a CIA networking initiative;
  • Establishing the ACIA designation; and
  • Launching the University Accreditation Program.
Also present at the event were CIA resident actuary Chris Fievoli, Board member Stephen Bonnar, and Secretariat staff Josée Racette (project manager, communications and public affairs), Alicia Rollo (director, education and professional development) and Caroline Thebault (senior administrative assistant).



Potential actuaries were able to meet employers and key actuarial organizations at Niagara Falls.
 

An unexpected non-traditional opportunity has turned into a fascinating, varied role for enterprise risk management (ERM) practitioner Nikolina Gateva, and it is a path she is urging other actuaries to follow.

Ms. Gateva, a Fellow of the Canadian Institute of Actuaries and Society of Actuaries, is vice-president of finance at Terragon Environmental Technologies, a company that develops simple appliances that allow communities to treat their waste locally and with no environmental damage. Their end users include isolated towns, ships, resorts, hospitals and more.

Her current role is a complete change from her previous work as a pension consultant, and she said, "I did not know I would be working in ERM when I started. I seized an opportunity to step out of the traditional actuarial role and be more of a general practitioner. Since then I have become more involved in risk management, identifying risk levels, and strategic decision-making."

Joining Terragon and taking on such non-traditional work was "a challenge and thrilling at the same time", she added, "because I put my skills to work in helping a company grow, and it is extremely rewarding. Many actuaries would excel at something [non-traditional] like this.

"It is a firm with a high knowledge of engineering, and they had not worked with an actuary before. The company was developing and needed expertise in investment, accounting, legal issues, and expanding an employee share plan. They thought a finance-oriented professional would be useful, and I think I was chosen not because I am an actuary but because I had the right skills to contribute. A lot of the talent that is perceived in me is due to my actuarial background. I spent eight years as a pension consultant—a fairly specialized career path—but this was an opportunity that spoke to me on a personal level. Revolutionizing waste management in the world is not a small mission."

According to Industry Canada, small to medium enterprises (SMEs) like Terragon drive the country’s economy: they deliver 60 percent of Canada’s economic output, and generate 80 percent of national employment and 85 percent of new jobs. All of which makes them ideal employers for actuaries keen to contribute to the industry.

Ms. Gateva said SMEs had a clear need that, at present, is generally unanswered: they would benefit from the help of a single versatile professional able to integrate such varied disciplines as investment and investor relations, accounting, forecasting, legal and governance. The solution: an actuary.

SMEs’ vulnerability to market fluctuations meant that they had the greatest need of, and therefore offered the greatest value to, an actuary skilled at identifying and managing the risk/opportunities inherent in all aspects of business. Ms. Gateva, who is based in Montréal, QC, has a hand in everything from small-scale projects to strategic decision-making, and said, "SMEs have always had to do a form of ERM because they are much more sensitive to fluctuations than larger companies, and they try to do their best to minimize exposures. I guard investment at every level, and wear several hats. For instance, I liaise with the company’s shareholders, bank and financing agencies, and monitor financial risk exposures and cash flow management—if you see a contract in U.S. dollars, you naturally think how you can minimize the currency risk. I would add that a key to success is an ability to rapidly integrate new concepts and learn independently, something actuaries are well equipped to do, as well as surrounding yourself with expert service providers."

She added that actuaries could be invaluable contributors in the field of ERM, but it could be difficult for them to envisage stepping out of traditional roles and moving into an enterprise where they could touch on every level of business simply because many are not aware of their "incredible toolbox of skills".

They are fully capable of taking on the abundant opportunities offered by SMEs that are looking for professionals skilled at ERM, she added. ERM gave actuaries a valuable platform to gain better visibility, if the profession could seize that chance: "We are confining ourselves to our core expertise. Why are chief financial officers mostly accountants? Companies do not know what actuaries do. They think we have a PhD in numbers but they do not know we are good at things like communicating results. In my interactions with stakeholders, being an actuary gives me credibility, but to companies we remain an obscure, highly specialized profession.

"Businesses are becoming more aware of the need for a structured approach to risk management. The economy has shown the need for planning and this is an area for which actuaries are well equipped.

"This is the only profession that considers a company as a whole, and ERM will be more important as firms struggle to adapt to the economic situation. We should focus ourselves on bridging the perception gap—ensuring that companies understand the unique value actuaries contribute, and also that actuaries realize that they can contribute. We must highlight the varied training we are fortunate to obtain, and our talent for finding practical, creative solutions."

 

Sébastien Cliche, FCIA, FSA, has become a partner at Vias, a pension and benefit consulting firm in the Montréal area.
_______________________________________
Networking is a key part of any successful professional's career, and the CIA is offering you a fresh opportunity to inform your peers about your achievements and progress.

Our (e)Bulletin section, Actuaries on the Move, is a chance for you to publicize your new job, title, credentials or other information. This is an opportunity to tell thousands of fellow actuaries and financial professionalswhether they are ex-colleagues, former college friends, potential employers, future clients, etc.about, for example:

  • Your new job;
  • A change of title or area of responsibility;
  • Your new qualifications;
  • A change of contact details;
  • Awards or other recognition; or
  • Publication of academic papers or articles.
Simply send an e-mailone line of information can be enough, but feel free to add more if you so wishto the CIA's English Editor at andrew.melvin@actuaries.ca and we will aim to include it in the next issue of the (e)Bulletin.

Please include a daytime telephone number and, whenever possible, a colour hi-res photograph. Information must be received at least a week before the final working day of the month to be considered for inclusion in the next issue.
 
THIS MONTH'S PUBLICATIONS
Submission to CAPSA: 2012–2015 Strategic Plan

The Canadian Institute of Actuaries provided input to Canadian Association of Pension Supervisory Authorities’ 2012–2015 Strategic Plan.


Contact with Questions
: Marc-André Melançon, Chair, Member Services Council, at mamelancon@rgare.ca

Highlights from the November 29, 2011 Board Meeting


The highlights from the most recent Board meeting, held on November 29, are now available. To view the document, please access the link below.


Contact with Questions: Michel Simard, CIA Executive Director, at executive.director@actuaries.ca

Response from the Accreditation Committee to Discussion Regarding Accredited Universities

Since the announcement to members regarding the accreditation of eight universities in Canada, the Accreditation committee (AC) has been monitoring questions and comments sent to accreditation@actuaries.ca as well as those posted to the general list.

A sub-group of the AC, with representation from the EEC and the Board, is compiling a list of the questions received and will be responding early in January to all comments received up until December 31.

For more information on the subject, please refer to our most recent memorandum.

In the interim, please feel free to continue to send your comments to accreditation@actuaries.ca.

Regards,
Rob Stapleford, FCIA
Chair, CIA Accreditation Committee


Contact with Questions
: accreditation@actuaries.ca

Membership Survey: Final Report Available


The final report on the 2011 CIA Comprehensive Membership Survey is now available, revealing the opinions of more than 1,100 members of the Institute.

The survey comes six years after the last such analysis, and was drawn up to create an up-to-date picture of member attitudes. It includes 17 recommendations suggesting ways in which the CIA can improve to further support members and enhance the profession.


Contact with Questions
: Les Dandridge, director, communications and public affairs, at les.dandridge@actuaries.ca or at 613-236-8196 ext. 114

Reminder, Qualification Requirements for Associates are Changing June 1, 2012

The qualification requirements for Associates are changing as of June 1, 2012, to come into line with the qualification requirements for Associates in the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS).

As of June 1, 2012, to become an Associate of the CIA, individuals will need to have completed the requirements for ASA, ACAS, or CERA, or have obtained exam exemptions from the CIA through the university accreditation program which starts in September 2012.

Associates who meet the new requirements will be able to append their names with the letters ACIA, meaning Associate of the Canadian Institute of Actuaries. In addition, Associates who have been enrolled for five or more years as of June 1, 2012, will be able to vote on CIA business issues at general meetings and will be able to vote in Board elections beginning in 2013.

Associates who do not meet the new requirements as of June 1, 2012 will no longer be enrolled as Associates of the Institute, but will be invited to subscribe to an actuarial networking group which will provide many of the current benefits that Associates enjoy, such as communications from the CIA, access to the website, and reduced meeting fees. Associates who may not meet the new requirements have been notified by the Secretariat.

Current Associates of the CIA are encouraged to update their membership information if they have recently obtained the ASA, ACAS, or CERA designations and have not notified the CIA. This information can be updated in the members section of the website, under Toolkit > Update Your Membership Directory Information > Other Actuarial Designations.

Dues for Associates are also changing for the membership year beginning June 1, 2012. Associates will pay 30 percent of Fellow dues for the first five years, and 85 percent of Fellow dues after five years of enrolment.

A list of frequently asked questions (FAQ) has been developed and is now available in the members section of the website.


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

Submission to the Interim Actuarial Standards Subcommittee (IASSC) of the IAA

The Canadian Institute of Actuaries provided input to the Interim Actuarial Standards Subcommittee (IASSC) of the International Actuarial Association (IAA) on the exposure draft of International Standard of Actuarial Practice (IASP) 1 (General Actuarial Practice).


Contact with Questions: Micheline Dionne, Chair, Committee on International Relations, at mdionne@rgare.ca

International Actuarial Association Section Membership Dues

Below is a link to the 2012 IAA section dues subscription form. Please note that the CIA is collecting membership dues on behalf of all IAA sections: AFIR/ERM, ASTIN, AWB, IAAHS, IACA, Life and PBSS.

Anyone wishing to join any of the IAA sections must complete the attached form and submit the appropriate amount in dues. If you have already paid your section dues for this year through another association, please do not submit them again. You may contact Lidia Frassine (see below) to ensure that your payment has been recorded.

Link: Dues package 

Contact with Questions: Lidia Frassine at (613) 236-8196, ext. 102 or by e-mail at lidia.frassine@actuaries.ca

CPD Compliance Review (Audit) Results

The Eligibility and Education Council (EEC) is pleased to report that the first Continuing Professional Development (CPD) Compliance Review is complete and, overall, the quality of CPD records that were reviewed was quite high. The attached memo provides important information on the findings plus tips and suggestions on how members can improve their CPD record-keeping.

Members are reminded that each year, following the CPD compliance statement filing deadline, a review will be conducted of a representative sample of all filing categories. Please ensure your CPD activities are completed by December 31 and your records are up to date.

Click here to read the memo.


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

Notice of Intent Regarding Life Insurance, Health Insurance and Annuity Product Costing

There are currently no practice-specific standards for life insurance, health insurance and annuity product costing in Canada. The absence of specific professional guidance means there is a risk that inappropriate methods and assumptions may be selected by actuaries.


It is proposed that a new practice-specific Standard of Practice be created that would be applicable for the costing of life insurance, health insurance and annuity products in Canada performed by all actuaries.


Contact with Questions: Jacques Tremblay, Chair, Designated Group, at jacques.tremblay@oliverwyman.com

Educational Note: Guidance on Fairness Opinions Required Under the Insurance Companies Act Pursuant to Bill C-57 (2005)

With the changes made to the Insurance Companies Act as a result of Bill C-57 (2005) there are new governance requirements for boards of directors with respect to dividend policies, management of participating accounts and changes to adjustable policies at the sole discretion of the company. The same legislation imposed on appointed actuaries the requirement to opine on the fairness of those policies and management practices. The purpose of this educational note is to assist the actuary in forming these fairness opinions.

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


Contact with Questions
: Nick Bauer, Chair, Task Force on Bill C-57, at nbauer@eckler.ca

Final Standards of Practice – Ratemaking: Property and Casualty Insurance – Section 2600

Section 2600 of the Standards of Practice was approved by the Actuarial Standards Board on November 30, 2011.

The effective date of the final Standard of Practice is January 1, 2012. Since the final Standards of Practice do not introduce any conflicts with existing Standards of Practice, early implementation is permitted.

Links:
Final standards

Memorandum (with appendix)

Contact with Questions: Shams Munir, Chair, Designated Group, at shams.munir@ca.ey.com

2011 ERM Symposium – Monograph Available

Award-winning papers on such topics as sustainability of earnings and property-casualty underwriting are among those included in a new monograph from the 2011 Enterprise Risk Management Symposium.

The monograph contains all the papers presented at the event, which took place in Chicago in March and was supported by the Canadian Institute of Actuaries, among other organizations. It also includes additional research papers that were submitted and accepted for the 2011 ERM Symposium Call for Papers but not presented.

It can be downloaded from the Society of Actuaries’ website at the link below.

Link: click here.

Contact with Questions: Society of Actuaries customer service center at 888-697-3900; e-mail customerservice@soa.org

Natcan Accounting Discount Rate Curve

Actuaries seeking additional guidance in the development of the accounting discount rate curve in accordance with the Educational Note on Accounting Discount Rate Assumption for Pension and Post-employment Benefit Plans will be able to access the underlying securities on the provider’s website, commencing with a curve to be developed as of December 16, 2011. The curve is expected to be published no later than December 21, 2011.

Links:
Provider: www.natcan.com
Educational Note: click here

Contact with Questions: Gavin Benjamin, Chair, Committee on Pension Plan Financial Reporting, at gavin.benjamin@towerswatson.com

Major Step Forward as CIA Reveals Accredited Universities

The CIA’s Eligibility and Education Council (EEC) and Accreditation Committee (AC) are delighted to announce the inaugural list of eight Canadian universities accredited for courses beginning September 2012.

This is an exciting moment for the actuarial profession in Canada; a partnership between the CIA and Canadian universities will provide a richer and more rewarding experience for students and produce actuaries who are connected to their professional body at an early stage in their careers.

Link: Memo to members

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


 
Calendar of Events
February 1, 2012
Webcast
Expert Actuarial Testimony for Non-AE Actuaries
 N/A
February 29, 2012
Webcast Value-Based ERM: A Best Practice Approach N/A
March 28,
2012
Webcast
The 10 Key ERM Criteria N/A
April 18, 2012
Professionalism Workshop Hilton Montreal Bonaventure Montréal,
Québec

April 25, 2012
Webcast
Five Keys to Successful Risk Identification N/A
June 3-6, 2012 Practice Education Course Delta Ottawa Ottawa,
Ontario
June 20, 2012
Professionalism Workshop  DoubleTree by
Hilton Hotel Toronto Airport
Toronto, Ontario
June 21-22,
2012
Annual Meeting DoubleTree by
Hilton Hotel Toronto Airport
Toronto, Ontario
September 14-15, 2012
Actuarial Evidence Seminar
The Waterside Inn Port Credit, Ontario
September 20-21, 2012
Seminar for the Appointed Actuary
Fairmont Royal York Hotel Toronto, Ontario
November,
2012 (TBD)
Professionalism Workshop TBD
Toronto, Ontario
November 5, 2012
Pension Seminar
Hilton Montreal Bonaventure Montréal,
Québec
December 6, 2012 Professionalism Workshop Hilton Montreal Bonaventure Montréal,
Québec
June 20-21,
2013
Annual Meeting
Hilton Montreal Bonaventure Montréal,
Québec

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
Practice Council

Neil Duffy and Mike Palmer have been appointed members of the Committee on Life Insurance Financial Reporting, effective November 1, 2011, and March 1, 2012, respectively. Catherine Tremblay be appointed as a regulatory representative to the committee, effective November 1, 2011.

Jeremy Bell has been appointed Chair of the Committee on Post-Employment Benefit Plans.

Claude Larochelle has been appointed as a regulatory representative to the Committee on Property and Casualty Insurance Financial Reporting.

The Task Force on Bill C-57 has been disbanded with thanks.

For information only:

Rahim Hirji has completed his term as a member of the Committee on Life Insurance Financial Reporting, effective November 1, 2011, and leaves with thanks.

Sylvain St-Georges has completed his term as a regulatory representative on the Committee on Life Insurance Financial Reporting, effective November 1, 2011, and leaves with thanks.

Christiane Bourassa has completed her term as chair of the Committee on Post-Employment Benefit Plans and leaves with thanks.