CIA (e)Bulletin/(e)Bulletin de l'ICA
Past Issues | www.cia-ica.ca  
   
January 2017
 
 

January Updates

Print Print this Article | Send to Colleague

Board Updates

The following people have been appointed to the committee named below:

  • Tribunal Panel: Robert J. McKay, effective December 8, 2016.

The following people have completed their term with the council named below, and have left with thanks:

  • Eligibility and Education Council: Mathieu Boudreault and Kim Young, effective October 1, 2016.

In accordance with item 1.3 of the international strategy document and on recommendation of the International Relations Council (IRC), Micheline Dionne was appointed as international ambassador as defined in that document, effective January 1, 2017 for a period of three years.

Practice Council

The following people have been appointed to the committees named below:

  • Task Force on Pension and Post-retirement Benefit Accounting Discount Rates: Maxime Carrier, Louis-Bernard Désilets, Elana Hagi, Jason Malone, and Sébastien Rannaud, effective October 4, 2016;
  • Committee on the Appointed/Valuation Actuary: Kevin Morrissey, effective October 11, 2016;
  • Committee on Life Insurance Financial Reporting: Stéphanie Fadous (Chair) and Marie-Andrée Boucher (Vice-chair), effective January 1, 2017;
  • Committee on Post-Employment Benefit Plans: Navaz Cassam, Michael Allen Furlong, Scott Mossman, Kristina Percy, and Lucian Shulte, effective October 20, 2016;
  • Committee on Risk Management and Capital Requirements: Edward Swerhone, effective October 31, 2016;
  • Working Group from Retraite Québec on Transfer Values: Thierry Chamberland, Joseph Gabriel, and José Legault , effective September 1, 2016; and
  • Committee on Pension Plan Financial Reporting: Angelita Graham, effective November 1, 2016.

The following people have completed their term with the committees named below, and have left with thanks:

  • Task Force on Pension and Post-retirement Benefit Accounting Discount Rates: Wendy Achoy, Sébastien Cliche, Martin Cyrenne, Douglas Isaac, Melissa Kirshenbaum, Geoffrey Melbourne, Boris Pavlin, Marlene Puffer, and David Walsh;
  • Committee on the Appointed/Valuation Actuary: Larry Madge;
  • Committee on Life Insurance Financial Reporting: Rebecca Rycroft (Chair), effective December 31, 2016;
  • Committee on Post-Employment Benefit Plans: Wendy Achoy, Ian Ingham, Brian Jenkins, Elisabeth Lamarche, and Natalie Thompson;
  • Committee on Risk Management and Capital Requirements: Jay Zhong; and
  • Committee on Pension Plan Financial Reporting: George Ma.

The Practice Council approved the creation of the following committee, effective December 13, 2016:

  • Enterprise Risk Management Practice Committee: Danielle Harrison (Chair), Mario Robitaille (Vice-chair), Kathryn Hyland (PC liaison), and Pierre Lepage.

The committee’s mandate is to be the primary source of risk management guidance for the actuarial profession.

More specifically, the committee will do the following:

  • Develop a common vision regarding the overall framework for the ERM guidance material and establishment of priorities;
  • Recommend areas of research and topics where educational notes and/or Standards of Practice would be beneficial to Canadian risk practitioners;
  • Review non-Canadian resources that require determination by the ERMC as to their applicability to Canadian risk practitioners;
  • Promote the application of actuarial science to enterprise risk management;
  • Promote actuaries as risk management professionals both within and outside the profession; and
  • Communicate existing research and case studies of work in the field through various media (presentations at meetings, webcasts, CIA website, etc.).

In pursuit of this mission, the ERMPC will be guided by the following principles:

  1. Any requirements established by the ERMPC are intended to capture leading practices.
  2. The ERMPC should create and promote guidance material for actuaries such that actuaries have a clear advantage relative to non-actuarial risk management practitioners.
  3. The ERMPC should build on existing global actuarial guidance and resources and adapt or endorse them as needed to be applicable to Canadian actuaries working in a risk management function.
  4. Engage other CIA committees to provide assistance and draw upon their specialized areas of expertise. In general, where ERM is applied to a specific practice area, the ERMPC will work with that area of practice to develop guidelines.
  5. The committee will report to the Practice Council and will liaise and work in collaboration with other CIA committees on matters of common interest and will also draw upon other resources in the CIA, CAS, and SOA Joint Risk Management Section. 

The Practice Council approved the creation of the following committee, effective November 10, 2016:

  • Group Insurance Committee: Lyna Gendron (Chair), Jojy Oommen, Tina Baird, Jeremy Bell, Isabelle Bouchard, Nicolas Boutin, Denis Garand, Edward Tsu-Jen Kuo, Stéphane Levert, Nabil Merali, Mark Pawziuk, and Faisal Siddiqi (PC liaison).

The committee’s mandate is the following:

  • Monitor and report periodically on market and public policy issues related to group insurance;
  • Act as a sounding board/advisor to the CIA leadership on group insurance issues;
  • Provide a resource on group insurance to existing CIA committees and task forces:
    • As a source of volunteers on group insurance-specific topics;
    • As a source of advice on the special circumstances of group insurance;
    • Provide suggestions/recommendations for action plans arising from emerging issues;
    • Look for research opportunities; and
    • Promote involvement of group insurance actuaries with the CIA.

The Practice Council approved the creation of the following task force, effective November 10, 2016:

  • Task Force on Mortality Improvement (formerly under the MSC): Jacques Boudreau (PC liaison), Alexis Gerbeau (Chair), Scott McManus, Louis Adam, Assia Billig, Emilie Bouchard, Robert Brown, Anna Doudina, George Graziani, Ling Guo, Robert Howard, Hrvoje Lakota, and Yeh Ching Seto.

The task force’s mandate is the following:

  • Include appropriate representation from relevant practice areas;
  • Develop a best estimate assumption for the general population;
  • Determine whether the best estimate assumption for the general population needs to be modified for different subgroups;
  • Leverage work done by the UK actuarial association and Society of Actuaries (SOA) where appropriate;
  • Provide education to members; and
  • The level of conservatism (margin for adverse deviations), which is specific to each practice, is out of scope.

Eligibility and Education Council

The following people have been appointed to the (sub)committees named below:

  • Committee on Examinations and Assessments:
    • Group Benefits Examination Subcommittee: Erin Crump;
    • 2017 Practice Education Course Subcommittee: Graham Kent and Matthew Didier, effective November 1, 2016;
      • 2017 PEC Individual Life and Annuities Track Working Group: Graham Kent (Co-chair) and Matthew Didier (Co-chair), effective November 1, 2016;
      • 2017 PEC Finance and Investment Track Working Group: Graham Kent (Co-chair) and Matthew Didier (Co-chair), effective November 1, 2016.
  • Committee on Continuing Education:
    • Property and Casualty Insurance Subcommittee: Maxime-Frédéric Brochu-Leclair and Véronique Ouellet;
    • Enterprise Risk Management Subcommittee: Vy Le (Vice-chair) and Xiangxiao (Jessica) Ma;
  • Committee on Education:
    • ACIA Syllabus Subcommittee: Mathieu Boudreault (Chair) and Joel Li;
  • Task Force on the Future Vision of CIA Education: Bruce Jones and Patrick Kavanagh, effective October 1, 2016.

The following people have completed their term with the (sub)committee named below, and have left with thanks:

  • Committee on Continuing Education:
    • o Enterprise Risk Management Subcommittee: Jing (Nancy) Ning and Andrei Titioura.

The Task Force to Review the Merits of Program Accreditation has been disbanded with thanks.

Member Services Council

The following people have been appointed to the committees named below:

  • Communications Committee: Jason Alleyne (chair), effective November 13, 2016;
  • Climate Change and Sustainability Committee: Catherine Jacques-Brissette (Chair), effective November 18, 2016.

The following people have completed their term with the committees named below, and have left with thanks:

  • Climate Change and Sustainability Committee: Karen Lockridge (Chair) and Todd Friesen, effective November 18, 2016; and
  • Communications Committee: Frank Reynolds (Chair), effective November 13, 2016.
 

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

Share Share on Facebook Share on Twitter Share on LinkedIn