February 2012 Past Issues | Advertise | www.cia-ica.ca
Return to main page


Print Print this Article | Send to Colleague

CIA Members Invited to Attend Hong Kong Colloquium

CIA members have been invited to attend the International Actuarial Association’s (IAA) Colloquium in Hong Kong, where more than 80 speakers from over 20 countries will present 42 sessions covering all areas of actuarial practice.

The event—representing a collaboration between three IAA sections—runs from May 6-9, 2012, at the Sheraton Hong Kong Hotel & Towers, Kowloon, and features several keynote speakers:
  • Dr. Anthony Neoh, former chair of the Hong Kong Securities and Futures Commission and chief adviser of the China Securities Regulatory Commission;
  • Paul Murray, managing director of Swiss Re Life and Health (Hong Kong);
  • Ms. Annie Choi, Commissioner of Insurance in Hong Kong; and
  • Mitchell Wiener, a senior social protection specialist in the World Bank’s Indonesia office.
Early-bird registration ends on February 29, and members of the IAA’s International Association of Consulting Actuaries, Pension Benefits and Social Security Section or Health Section, as well as the Actuarial Society of Hong Kong, can attend at reduced rates. Registrants who are not IAA section members are encouraged to join an IAA section (for $50 a year) to obtain the lower registration fee. To learn more about the benefits of joining the IAA, read its brochure.

The colloquium’s scientific program is now available, and the organizers have also arranged a social program for delegates and spouses.

Special rates at the Sheraton have been arranged for delegates and their travelling companions, and for more details click here.


More information

Contact with Questions: the IAA at HongKong2012@actuaries.org

Webcast: Drivers of Utilization Increases in Health Care Claims Around the World

February 22, 2012

A webcast next month will offer an insight into the main drivers of health care utilization growth in some of the world’s major markets. Utilization patters are subject to huge variation across different markets, but nearly all countries experience year-to-year increases. This webcast, organized by the International Actuarial Association’s Health Section (IAAHS), will consider the key reasons for those increases and some of the initiatives underway to manage them.

Joanne Buckle, Pang Chye, Safder Jaffer, Eduardo Lara and Luis Maldonado—all consulting actuaries with Milliman—will identify global best practices in medical management over 75 minutes. This will be followed by a 15-minute question-and-answer session, with an opportunity for participants to contribute their thoughts on the success (or otherwise) of utilization management schemes in their countries.

The webcast is being held twice, to cater for actuaries in different time zones, and the speakers will be divided between the first and second sessions (Joanne Buckle will be present for both).

To register, click on the link below. The webcast is open to members of the IAAHS, but non-members can participate by paying the IAAHS registration fee ($50). This will provide access to the webcast plus IAAHS membership for 2012. The section plans to have at least three to four webcasts during the next year—all provided free to its members—with the next planned for late February.

Members of the CIA wishing to join the IAAHS can do so here.



Join the IAAHS

Contact with Questions: Christian Levac, manager, IT and members services, at the IAA (christian.levac@actuaries.org)

Webcast: Expert Actuarial Testimony for Non-AE Actuaries

February 1, 2012

Moderator: Jamie Jocsak, actuary, BCH Actuarial Services
Speakers: John Tarrel; Jay Jeffery, president, Dilkes, Jeffery & Associates

Actuaries who do not formally practice in the actuarial evidence (AE) field may find themselves called on to act as experts in a courtroom, at quasi-judicial tribunals, or in other adversarial situations. In this webcast, originally presented at the 2011 Annual Meeting, actuaries with extensive courtroom experience will answer such questions as:
  • What’s the difference between an opinion witness and a fact witness, between an expert report and verbal testimony?
  • What is an expert’s duty to the court?
  • What can go wrong and how can you mitigate the risks?
Learn how to be an effective expert witness—what to do, what to avoid. Learn from the experiences of actuarial evidence practitioners who have testified in court dozens of times.

For more details and to register, click here.

Contact with Questions: Leona Campbell at leona.campbell@actuaries.ca; telephone: 613-236-8196 ext. 124; fax: 613-233-4552

ASOC Seeking ASB Chair

The Actuarial Standards Board (ASB) is responsible for establishing, developing, and maintaining actuarial standards of practice in Canada. It is independent from the Canadian Institute of Actuaries (CIA) and reports directly to the Actuarial Standards Oversight Council (ASOC).

The current Chair of the ASB, Dave Pelletier, will retire in June 2013, and the selection process for his successor is underway. The ASOC plans to select a new chair by September 2012, with a term commencing in July 2013. To facilitate an orderly transition, it is anticipated that the successful candidate will become a member of the ASB effective September 2012.

The chair of the ASB performs his/her duties on a volunteer basis with reimbursement of all reasonable expenses. The position requires a significant time commitment. He/she chairs all ASB meetings and coordinates its strategic plans and activities. The chair also attends and reports at all ASOC meetings as an ex officio ASOC member.

Fellows of the CIA who wish to be considered for this position (for a two-year term commencing July 1, 2013) should send their application and résumé to the CIA Executive Director, Michel Simard, no later than March 15, 2012.

Additional information:
ASB Terms of Reference
ASB Membership
ASB Current Projects



Contact with Questions: Michel Simard, CIA Executive Director, at (613) 236-8196, ext. 108, or executive.director@actuaries.ca

Submission to the (American) Actuarial Standards Board

The Canadian Institute of Actuaries provided its comments to the (American) Actuarial Standards Board on two discussion drafts concerning actuarial standards of practice for enterprise risk management (ERM).

Link: click here.

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

Practice Education Course (PEC)

In order to obtain the Fellow of the Canadian Institute of Actuaries (FCIA) designation, all students who completed the Society of Actuaries examinations must attend and pass the PEC in order to become an FCIA.

The PEC can be taken if the candidate satisfies any one of the following conditions:
  • The candidate has credit for Courses P, FM, M and C (with full VEE), all FAP requirements (all eight FAP modules and both the interim and final assessments) and both FSA exams (N.B., FSA modules are NOT required) under the Society of Actuaries’ examination system; OR
  • The candidate has obtained his/her Fellowship designation from a recognized actuarial organization.
Please note that no exceptions will be made to the above requirements.

Registration is open for the Practice Education Course to be held from Sunday, June 3, through Wednesday, June 6, 2012 in Ottawa, Ontario.

Candidates who have satisfied the eligibility requirements should complete a registration form and return it to the CIA Secretariat along with payment of the registration fee by April 1. Registration forms and other information can be obtained on the CIA website at the link below.

Registration is on a first-come, first-served basis depending on the date of receipt of the registration form and payment of the registration fee. Candidates will generally be accepted, space permitting. However, due to size considerations, space may be limited for some practice area specialties.

Link: click here.

Contact with Questions: Leona Campbell, coordinator, eligibility and education, at leona.campbell@actuaries.ca

Webcast: Country Risk Management

January 19, 2012

Speakers: Esther Baur and Nikhil da Victoria Lobo, both from Swiss Re

Societies are increasingly vulnerable as risks become more complex and more interconnected. Earthquakes, floods, storms, epidemics, food shortages, financial crises and economic shocks suggest the need for a systematic approach to the way risks are identified, assessed and mitigated at a country level.

Similar to a chief risk officer in the private sector, the role of a country risk officer can lend weight to the process of systematic risk management and give it a public face. Experts Esther Baur and Nikhil da Victoria Lobo will introduce the concept of a country risk officer and discuss how risk managers can work with governments to make societies more resilient.

For more details of the webcast and how to register, click here.

Contact with Questions: Leona Campbell at leona.campbell@actuaries.ca; telephone: 613-236-8196 ext. 124

Submission to Finance Canada

The CIA responded to the Government of Canada’s invitation to provide its views on possible improvements to the existing system for setting Employment Insurance (EI) premium rates.

Link: click here.

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


360 Albert Street, Suite 1740, Ottawa, ON K1R 7X7
Tel.: 613.236.8196 Fax: 613.233.4552