A Word from the Executive Director

Head Office Update

By Michel Simard, Executive Director, CIA

The year 2015 has been a particularly exciting one for the Institute, as we celebrate our 50th anniversary. Our Annual Meeting, held in Ottawa in June, was a huge success. Over 600 participants not only attended sessions on a variety of actuarial topics, but also heard from keynote speakers Rex Murphy, Jeff Rubin, and David Suzuki. The highlight for many was the 50th anniversary gala reception and dinner. The gala’s visual commemoration of our first 50 years was a stirring reminder of where we have been and an inspiration for moving forward.

Fall means many of us are busier after a sometimes leisurely summer pace: back to school, resuming favourite activities, and increased demands at work.

In September, the CIA presented the Actuarial Evidence Seminar in Québec and the Seminar for the Appointed Actuary in Montréal. Both events were well-attended with sessions that covered a wide-range of topics.

Of note, AE seminar participants heard opposing views on auto insurance, as one speaker examined and praised the unique features of the pioneering no-fault system in Québec, mentioning that recent pricing will provide actual decreases in premiums starting in 2016, while another speaker suggested that a total rethink of the Ontario tort system should be undertaken.

At the Seminar for the Appointed Actuary, Dan Roam, author of The Back of the Napkin: Solving Problems and Selling Ideas with Pictures, provided an informative and entertaining keynote address about using simple pictures (even on napkins) to describe complex concepts.

The CIA has a full slate of programs lined up for this fall, including the following, which will take place in Toronto:

Upcoming webcasts include one on economic capital modeling for Canadian P&C insurers on October 13 from noon to 1:30 p.m. ET.

Fall also means that the long-awaited and much discussed federal election is finally upon us. In pre-election meetings with each of the federal parties, the CIA put forward two public positions—one on pensions and one on healthcare. These meetings offered the CIA a chance to speak with a key stakeholder group and demonstrate the organization’s commitment to fulfilling part of the Board’s long-term strategic plan. Needless to say, the CIA’s perspective was well-received and appreciated.

For more insight into the federal election, make sure you check out next month’s (e)Bulletin for analysis of the final result and what it means to the CIA and its members.

We are also putting the finishing touches on a commemorative book, Canadian Institute of Actuaries: An Oral History 1965-2015, scheduled for publication later this fall. We hope to make it available to members starting with our November seminars.

And finally, while the last 50 years have seen many changes at the CIA, one thing remains constant: the contribution of our members, who sit on the Institute’s numerous and diverse councils, committees, subcommittees, and task forces. We are grateful for the significant volunteer contribution of our members. We always welcome new volunteers, and encourage you to explore the Institute’s volunteer opportunities. Visit the Volunteer Centre by first logging in and then going to Organization > Volunteer Centre to participate and to contribute your expertise, as the CIA looks towards its next 50 years.

Michel Simard is the CIA’s Executive Director.

Canadian Institute of Actuaries/Institut canadien des actuaires