CIA (e)Bulletin/(e)Bulletin de l'ICA
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December 2017
 
 

December Updates

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Board

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

  • International Relations Council: Graham Mackay;
  • Elections Committee: Robert Stapleford, Chair, Alan Cooke, and Luc Farmer, effective July 1, 2017; and
  • Tribunal Panel: Dale Mathews and Ashley Witts.

The following person has completed his term with the committee named below, and leaves with thanks:

  • Elections Committee: Jacques Tremblay.

International Relations Council

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

  • Committee on International Insurance Regulation: Julie-Linda Laforce and Troy Haugen, effective November 17, 2017; and
  • International Insurance Accounting Committee: Dale Mathews and Jin Kui Wang, effective November 17, 2017.

The following person has completed her term with the committee named below, and leaves with thanks:

  • International Insurance Accounting Committee: Jenny Ge.

Practice Council

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

  • Committee on Property and Casualty Insurance Financial Reporting: Anya Sri-Skanda-Rajah (observer), Jean Roy, and Erika Schurr, effective October 26, 2017; and
  • Committee on Actuarial Evidence: Neil Chicoine and Bruce Michael.

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

  • Committee on Actuarial Evidence: Daniel Gagné; and
  • Group Insurance Practice Committee: Lyna Gendron.

Education and Eligibility Council

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

  • Committee on Continuing Education: Patrick Duplessis;
  • Predictive Modelling Committee: Patrick Duplessis (liaison); and
  • Committee on Examinations and Assessments: George Wang and Jared Mickall.

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

  • Education Committee: Minaz Lalani; and
  • Committee on Continuing Education:
    • Property and Casualty Insurance Subcommittee: Ghislain Brault-Joubert.

Member Services Council

The following is the new mandate of the Research Executive Committee (REC) and its subcommittees (Experience Studies Subcommittee (ESRS) and Academic Research Subcommittee (ARS):

REC

  • Develop and implement the CIA research strategic plan and priorities;
  • Determine, maintain, and ensure application of standards of excellence for CIA research;
  • Identify future leading-edge research ideas which support the CIA Board mandate and the broader research needs of the CIA;
  • Oversee the activities of the Experience Studies Research Subcommittee (ESRS) and Academic Research Subcommittee (ARS);
  • Allocate overall research budget;
  • Provide regular updates to the Member Services Council, obtain its approval where necessary;
  • In line with required approval process and authority, discuss and approve research projects which are brought by ESRS, ARS, or CIA members or other interested parties;
  • Ensure there is an appropriate project oversight group (POG) for every research project and ensure liaison members for each POG;
  • Ensure effective communication of research results;
  • Where applicable, work with CIA Head Office staff to promote the research to gain publicity for the CIA and raise public awareness;
  • Coordinate with the Society of Actuaries (SOA), Institute and Faculty of Actuaries (IFoA), and other external organizations and obtain support for joint research where appropriate. For joint projects, ensure guidelines and agreements are met;
  • Have connection (liaison) with other CIA committees and councils as appropriate;
  • Gauge stakeholder interest about research topics;
  • Inform membership of planned and active research projects; and
  • Attract volunteers of varied practice areas and expertise.

 ESRS

  • Identify and discuss future experience study research ideas;
  • Recommend to REC frequency of recurring experience studies and allocation of annual budget for new and recurring experience studies;
  • Within delegated authority, discuss and approve research projects;
  • Ensure there is an appropriate POG for every experience study project with ESRS liaison members for each POG;
  • Provide regular updates to REC;
  • Regularly gauge stakeholder interest about experience study research topics;
  • Ensure effective communication of research results;
  • Collaborate across practice areas and ensure greater sharing of best practices related to experience studies;
  • Improve synergies and efficiencies (outsourcing vs. insourcing, preferred research vendors, consistency and access to data, consider different business models for CIA studies, etc.); and
  • Attract volunteers of varied practice areas and expertise who are more focused on experience studies.

 ARS

  • Propose and develop initiatives that encourage synergies between academic/scientific and practice research;
  • Establish research partnerships among universities, CIA, and the industry;
  • Manage the academic research grant program for Canadian professors:
  • Coordinate the administration of the program with Head Office;
  • Review and rank letters of intent and full applications; 
  • Manage the Graduate Scholarship Program (GSP) for Canadian graduate students;
  • Coordinate the administration of the GSP program with Head Office;
  • Mandate a selection committee to review and rank applications;
  • Within delegated authority, discuss and approve research projects;
  • Provide regular updates to the REC;
  • Ensure there is an appropriate POG for every academic research grant project with ARS liaison members for each POG; and
  • Attract volunteers from universities and the industry who are interested in synergies between academic/scientific and practice research.

 Project Oversight Group (POG)

  • Oversee the development of solicitation documents, such as requests for proposal (RFPs);
  • From the responses to solicitation documents, recommend a researcher(s) to the responsible committee (REC, ESRS, ARS); once approval is obtained, the researcher(s) signs a contract with the CIA’s finance director;
  • Determine project milestones and work product with researcher to ensure they are met;
  • Attend and participate in periodic conference calls as necessary, usually around key project milestones;
  • Provide guidance on the methodology and approach of the researcher(s) and provide high-level oversight of the direction, key assumptions, and insights/conclusions of the research;
  • Oversee the execution of the project by the researcher, responding to inquiries and providing clarification, ensuring that the end product meets the CIA’s standards of quality;
  • Report periodically on the progress of the research project to REC/ESRS/ARS, and ensure that the allotted budget is respected, and approve payments based on progress;
  • Recommend approval of the end product once completed to the CIA’s standards of quality;
  • Provide recommendations for the communication and dissemination of the research report; and offer guidance in the interpretation of results of the project;
  • Determine if an independent peer review is needed, and should that be necessary, identify suitable candidates for peer review;
  • Work with the CIA editorial staff to ensure that all research papers are reviewed and published in accordance with the CIA Guidelines for Submitting Papers; and
  • When asked, present the findings at forums such as CIA meetings and seminars.
 

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