CIA (e)Bulletin/(e)Bulletin de l'ICA
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January 2015
 
 

January's Video Update

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To view the video, click on the image above, or click here. Below is a transcript: 

Hello everyone, and welcome to my first video outreach of 2015. My name is Jacques Tremblay and I am President of the Canadian Institute of Actuaries.

2015 is a very important year for the CIA . . . It’s our golden anniversary! Yes, on March 18, 1965, Royal Assent was granted to federal Senate Bill S-45, a bill sponsored by Senator Wallace McCutcheon, ASA, a lawyer and actuary. He was also one of the founders of Argus Corporation, a large investment firm which controlled companies like Canadian Breweries, Dominion Stores, Standard Broadcasting, and Massey Ferguson. And thus, the CIA was formed.

Regarding our anniversary, a look into the CIA member database reveals a number of interesting things. Sadly, no member was born on March 18, 1965. One was born the day before and two the day after (the most recent birth year of a member is 1993). Furthermore:

  • 1,799 members were born before March 18, 1965, and 3,040 were born after the creation of the Institute.
  • The percentage of women in the profession changed a lot after 1965. Eighty-three percent of members born before March 18, 1965, were male and 17% female. For members born after that date, that ratio changed to 60% male and 40% female.
  • In the pool of 1,782 Fellow and Associate members born before 1965, there are 1,522 Fellows (85%) and 260 Associates (15%). In the "after 1965" group, there are 2,142 Fellows (70%) and 892 (30%) Associates.
  • Our database shows one member born in 1915, one in 1916, and two in 1917.

For more information you can find a brief history of the Institute on the CIA website and, providing a different twist on our roots, check out my article in the April/May issue of The Actuary magazine.

I would like to highlight some of the important 50th Anniversary initiatives being planned throughout the year.

We started 2015 with our annual participation at the convention of the Actuarial Students National Association, otherwise known as ASNA. CIA President-elect Rob Stapleford was the keynote speaker at their gala dinner and the Institute was presented with a giant cake commemorating our 50th anniversary that everyone shared.

While there are many activities which will help us celebrate our 50th anniversary, the majority of them are linked to two main events:

  • The first will be a free professionalism webcast, Celebrating 50 Years of Actuarial Excellence – Highlights of the CIA’s History and Its Vision for the Future. The webcast will be held on our Anniversary Day, March 18. We will take a brief look at the evolution of the Institute and then shift focus to what’s ahead for the profession in Canada, with specific emphasis on discipline, standards, and the CIA education system. Our presenter line-up will be announced shortly, so please mark your calendar: March 18—FREE CPD WEBCAST!
  • The second is the 2015 Annual Meeting and 50th Anniversary Gala Celebration in Ottawa, June 17–18. You are not going to want to miss this!

To open the meeting we have Rex Murphy, who is always a CIA favourite, and the closing keynote speakers are Jeff Rubin and David Suzuki, who will be sharing highlights of their collaborative work.

The meeting program also features a panel of highly-regarded journalists including Dan Gardner, Chantal Hébert, and Jeffrey Simpson, who will look at healthcare, pensions, demographics, and privacy. These are topics of currency and importance to our profession!

In addition to sessions of interest to every practice area, there will be a very special presentation, The Evolution of Actuarial Science and the Profession Over the Last 50 Years, as well as CEO and CRO panels.

There will be a Gala Dinner on June 17 at the Shaw Centre in Ottawa. It will include a reception, dinner, and a visual commemoration of the Institute’s first 50 years. You will be able to enjoy a tremendous meal, fun activities, and live entertainment.

One of our strategic goals is to build the brand of the Institute. We have an outreach plan to promote actuarial science as a career choice to students, and one of the ways we are doing this is through our Back2School project. We are thrilled to have more than 40 members who have volunteered to go into high school math classes and talk about what actuaries do and the pathway to the profession. Some visits have already taken place, with most scheduled in March and April. If you are interested in inspiring some of today's students to become an actuary, e-mail back2school@cia.ica.ca.

Later in the year the CIA will participate in the Academic Research Conference being hosted by the University of Toronto, and we will have the distinct honor of hosting the International Actuarial Association’s Official Dinner, October 16 in Vancouver.

Don’t forget the CIA’s fall seminars on actuarial evidence, pension, and investment, and the Seminar for the Appointed Actuary, where we will continue to revel besides enjoying fascinating and insightful presentations.

So that’s a rundown on some of the activities for the coming year. There are a few more surprises in store but I have been sworn to secrecy about them. I guarantee that they have the WOW factor!

Until next month!

Jacques Tremblay, FCIA, is President of the Canadian Institute of Actuaries.
 

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