CIA (e)Bulletin/(e)Bulletin de l'ICA
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February 2016
 
 

February's Update

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By Rob Stapleford, FCIA
CIA President

February has been a busy month for the CIA, as we launched the 2016 Elections process. Several positions are open: President-elect and four Director positions.

I encourage any member who wishes to run for one of these positions, and who meets the nomination requirements set out in the CIA Elections Rules of Procedure, to consider standing as a candidate. Serving on the CIA Board is a great opportunity to support the actuarial profession and help shape the future of the CIA. The deadline to submit your name for the 2016 ballot is April 1. You can read more about the CIA elections in this (e)Bulletin. Why not think of running?

In January’s Board update, I mentioned upcoming changes to the Bylaws regarding continuing professional development and use of actuarial designations, as well as the reporting of criminal convictions. In early February, we released a package of materials for members to review and comment on. An article in this (e)Bulletin describes these changes and the review process. I encourage you to read this material in great detail.

Finally, I would like to take this opportunity to remind members of this year’s Annual Meeting in St. John’s, Newfoundland, June 28–29.

The Annual Meeting is an excellent opportunity to network with Canada’s premier actuarial community, and discuss issues of concern. This year, there will be several shared sessions with the Joint Colloquium of the International Actuarial Association (IAA) Health and Pension, Benefits, and Social Security sections, the International Association of Consulting Actuaries, and the International Pension and Employee Benefits Lawyers Association. One of those joint sessions will be a keynote address by corporate whistle-blower Michael Woodford, former CEO of Olympus, who will discuss whistle-blowing and lessons in governance and crisis management. Mr. Woodford is a captivating speaker, and his story is a riveting tale of corporate malfeasance and ethics that you won’t want to miss.

This year’s program includes numerous sessions on a variety of topics including the following:

  • Early retirement;
  • Risk aggregation and diversification;
  • Emerging risks in the insurance industry;
  • Ethical decision-making for actuaries;
  • Dynamic risk assessment in P&C insurance;
  • Learning about change from a forensic accountant and a nuclear engineer; and
  • Cyber risk – both a threat to and an opportunity for the insurance industry?

Of course, all of this programming occurs amid the culture and beauty of Newfoundland.

The Board will meet again in March, where we will continue discussions on the Institute’s strategic goals and objectives. Stay tuned for an update on the outcome of this meeting.

Rob Stapleford, FCIA, is President of the Canadian Institute of Actuaries.

 

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