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

Canadian Institute of Actuaries/Institut canadien des actuaires

May 2014
Elliott Bauer
D.W. Simpson & Company
Eckler Ltd.
Your Institute

By Jacques Lafrance, FCIA
CIA President

On March 18, 1965, an act of the federal parliament established the Canadian Institute of Actuaries. Fifty years later the Institute continues to serve as the voice of the actuarial profession in Canada. For more information on its history, I invite you to consult the CIA website.

In the last few months, two task forces and the CIA staff worked hard to put together a set of interactive activities and events to celebrate this milestone. The first activity was a contest for the development of a 50th anniversary theme, which will be used in material promoting our celebrations. At our June 2013 Annual Meeting in Montréal, we unveiled the winning suggestion, Actuaries: The Professionals of the Future. Building on this theme, a logo was then developed. Those who will join us at the 2014 CIA Annual Meeting in Vancouver will have the privilege of witnessing the unveiling of our 50th anniversary logo.

In March, we launched an essay contest to build on our theme, calling for essays that could help shape the actuarial profession. The contest invites actuarial students who are enrolled in CIAnet to submit a short essay on the theme of The Changing Profession, and CIA members to submit one on the theme of Managing Future Risk. The contest runs until October1, 2014, so there is still plenty of time for you to write your essay and have the chance to win. You can send your entry to essaycontest@cia-ica.ca.

Is that it? No! You should expect to see several other events and activities in the next few months. We will try to do something very unique on March 18, 2015, the exact day of the 50thanniversary. The celebrations will culminate at our 2015 Annual Meeting and Gala Celebration, which will be held June 17–18, 2015, in Ottawa. The Annual Meeting program will include special features that will be remembered for a long time. Don’t worry; it will not be all about serious stuff. There will be plenty of room for fun and rejoicing. I cannot say much about the meeting and other events because I promised to the organizing committee that the surprises will be kept secret.

So, be ready! I look forward to your participation in all elements of the celebrations. Your soon-to-be 50-year-old professional body—and you, the members—deserve it.

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

 

 
Spotlight

By Jason Vary, FCIA

Given that this is my last (e)Bulletin article as Chair of the Eligibility and Education Council (EEC), I am tempted to recount the significant accomplishments over the past few years. This would include the creation of the ACIA designation, the launch of our University Accreditation Program (UAP), a revised mutual recognition agreement with the UK institute, implementing annual continuing professional development (CPD) compliance audits, negotiating a memorandum of understanding with the Casualty Actuarial Society (CAS) on education, the creation of the Academic Relations Committee, and the launch of a pilot mentoring program. Not to mention the delivery of our "regular programming", such as the annual Practice Education Course (PEC), the Professionalism Workshops, the Annual Meeting, plus the countless webcasts and the specialty seminars.

Instead, I would like to focus on the future pursuits of the EEC.

Task Force on Canadian Eligibility Requirements

The task force is well underway on defining the specific Canadian education and eligibility criteria to become an ACIA and FCIA, and to recommend how the requisite knowledge will be taught and tested. Angelita Graham is leading a multi-disciplinary task force to tackle this very important assignment and its initial report was well received by the EEC and the Board in early 2014.

The task force has identified some areas where education can be improved, such as modelling, communications, and business acumen. Next steps include confirming with our education partners what gaps actually exist and exploring options for closing them, revisiting the future of the PEC, working on a preliminary banking curriculum, and developing an implementation plan.

University Accreditation Program

The UAP continues to gain momentum with more and more candidates seeking exemptions from CAS and Society of Actuaries exams. The EEC’s focus has now shifted to enhancing the level of awareness of the UAP among employers and existing FCIAs.

Continuing Professional Development Requirements

The 2013 CPD compliance review revealed that 13 percent of members are claiming exemption from the CPD Qualification Standard. A member who does not meet the standard cannot perform professional services, but can still use their credentials and present themselves as fully qualified actuaries (FCIAs).

The Eligibility Committee and the EEC are of the opinion that the FCIA designation should be restricted to members who fully comply with the qualification standard (with the exception of retired members and certain other limited exceptions) and who file an annual CPD compliance statement.

The EEC is now undertaking a complete review of the CPD requirements in an effort to make CPD applicable to all ACIAs and FCIAs, even if they are not strictly performing services of an actuarial nature. The EEC may propose changes to any element of the CPD requirements, including the mix of structured and unstructured hours, the definition of relevant technical hours, and reporting requirements. Ultimately, this may involve proposing bylaw changes, as well as changes to rules, the qualification standard, and associated policies.

50th Anniversary

Planning is well underway for a special Annual Meeting in Ottawa on June 17–18, 2015, to celebrate the CIA’s 50th anniversary with the theme Actuaries: The Professionals of the Future. I hope to see you there!

Farewell

It has been my pleasure to serve on the EEC for the past five years, with the last two as Chair. We have accomplished many things with a dedicated group of volunteers who are supported by tireless staff at the Head Office. I look forward to seeing what they will accomplish next!

Jason Vary, FCIA, is Chair of the Eligibility and Education Council.

 
MOVERS AND SHAKERS

Marc Costantini has become chief financial officer at the Guardian Life Insurance Company of America. He most recently served as an executive vice-president at Manulife.

Jean-Claude Pagé has been appointed vice-chairman of the board and CEO at Optimum Group. Since 2012 he has been president of its life insurance and reinsurance holding Optimum Re, a position he will continue to hold.

Jean-Guy Sauriol's solo rowing journey across the Atlantic was featured in the American Academy of Actuaries' Contingencies magazine.

 


Networking is a key part of any successful professional's career, and the CIA is offering you a fresh opportunity to inform your peers about your achievements and progress.

Our (e)Bulletin section, Actuaries on the Move, is a chance for you to publicize your new job, title, credentials or other information. This is an opportunity to tell thousands of fellow actuaries and financial professionals—whether they are ex-colleagues, former college friends, potential employers, future clients, etc.—about, for example:
  • Your new job;
  • A change of title or area of responsibility;
  • Your new qualifications;
  • A change of contact details;
  • Awards or other recognition; or
  • Publication of academic papers or articles.
Simply send an e-mail—one line of information can be enough, but feel free to add more if you so wish—to the CIA's English Editor at andrew.melvin@cia-ica.ca and we will aim to include it in the next issue of the (e)Bulletin.

For more news of CIA members and their activities, follow the CIA on Twitter.

 
Institute News
Voting is now underway for the 2014 CIA Elections.

Voting members (Fellows and Associates with voting rights) should have received e-mails containing full details of how they can vote, and we urge them all to take part.

Position statements and biographical data for all of the candidates are available on the CIA website, although the online discussion forum has now closed.

Slate of Candidates:

President-elect for 2014–2015 (elected by acclamation)
Robert H. Stapleford

Candidates for Director
David J. Congram
Alan R. Cooke
Jorgen (John) D. Have
Richard Gauthier
Kevin A. Lee
Karen L. Lockridge
Geoffrey E. Melbourne
Alnasir H. Samji
Donald G. Tettmar
Keith E. Walter
A. Kim Young

The deadline for submitting your ballot is 3:00 p.m. EDT on June 4, 2014.

Your vote matters.

 

Rob Stapleford has volunteered for the CIA many times and was recognized with a Gold Award in 2005. Now he is about to take up a new position: President-elect.

Mr. Stapleford, who retired last year as a partner at Mercer, said he was ready to embrace the opportunities and challenges the role would bring: "I am looking forward to working with actuaries across Canada and internationally to help the CIA continue to be a leading actuarial organization. That is one of the major appeals of volunteering.

"The education area has a lot of interesting developments in terms of ‘Canadianizing’ our education system and promoting the value of the FCIA brand. I am also interested in our strategic objective of influencing public policy. The more the profession can contribute to matters of actuarial interest to the public, the more we can grow pride in our profession in Canada. Increasing the pride in the CIA may help grow the volunteer base."

Mr. Stapleford, who has served on over 25 CIA councils, committees, task forces, and working groups—plus the Board for two terms—and was elected as President-elect by acclamation, said there are still new goals to be achieved.

"The CIA’s strategic plan identifies influencing public policy as a key objective. There is lots of scope for influencing public policy, and if we can move that needle forward that would be a significant contribution for the CIA.

"Actuaries are analytical people, and it can be challenging to come up with a ‘CIA’ position that reflects everybody’s position. As a result, you could say, ‘Let’s stay out of the public policy arena’, but that is not good enough. The CIA can and should contribute to the important policy issues of the day that have actuarial considerations, and most issues have some actuarial considerations. The traditional view of the introverted actuary is part of an older generation; communication and business skills have been part of our profession for some time. We should use our analytical skills in combination with an effective communications program to contribute to various policy debates. To move the profession forward we need to be thoughtfully engaged in issues of the day, which we can achieve by marrying our different skill sets."

Guiding the CIA’s future direction will not be without its challenges, Mr. Stapleford said. "Canadianizing the education syllabus will create a new working relationship with the Society of Actuaries and the Casualty Actuarial Society. The CIA must continue to be active on international actuarial issues. I believe we can manage these challenges so there is nothing out there that is a cause for concern.

"We do have to look at volunteer management, from a qualitative and quantitative perspective. Are we doing enough on succession planning, for instance? The CIA must make effective use of its volunteers. Employers are becoming more demanding, so it can be hard for actuaries to find the time to volunteer for professional activities. We have to ensure that the volunteer experience is positive and that actuaries see volunteering as a way of developing skills and networking with other actuarial leaders."

Working on so many volunteer groups had already brought him many benefits, he added. "Groups are put together and you do not know everybody else, so you work with new people and hear different perspectives. It also develops your leadership skills if you become a chair or vice-chair. You learn to improve your time management skills as work and other demands on your time are still there. Volunteering offers many benefits and opportunities. The CIA needs to work with volunteers and their employers to ensure the benefits of volunteer work are recognized.

"Being acclaimed makes the title of President-elect feel strange as there was no election. I am committed to working with and listening to the Board and the many CIA committees, task forces, and volunteers to make the CIA a premier actuarial organization of which we can all be proud."

 

 

 

By Michel C. Simard

The Canada Not-for-profit Corporations Act (the CNCA) was proclaimed in-force on October 17, 2011. It establishes a new set of rules for federal not-for-profit corporations incorporated under the Canada Corporations Act (CCA) and, to a lesser degree, for corporations such as the CIA that were incorporated by special acts of Parliament (special act corporations).

The CNCA presents a more modern, flexible, and relevant legal framework for federally-incorporated not-for-profit corporations. A transition deadline of October 17, 2014, was established in order for these corporations to take actions in order to meet the transition date; those that do not apply by that date to continue under the CNCA could face being dissolved.

On the other hand, special act corporations like the CIA now face two options:

  1. To continue under the CNCA, in which case the corporation will be subject to the CNCA and will no longer be governed by its own special legislation; or
  2. To continue to be subject to its own special legislation as well as part 19 of the CNCA, which covers matters such as the capacity and powers of a corporation, the calling of an annual meeting, meetings called by courts, the annual return, changes of name, and liquidation and dissolution.

While the CNCA presents some advantages to many of the 19,000 not-for-profit organizations that are federally incorporated, the CIA Board prefers not to continue under the act since the bylaw and governance changes that we would have to make in order to comply with the new legislation would not be beneficial for our organization.

For example, the CIA Bylaws establish that a voting member means a Fellow or an Associate of more than five years (Associates who have a vote as specified in the Bylaws). There are other groups of individuals, namely Associates of less than five years of enrolment, Affiliates, and Correspondents, that could be considered to be non-voting members under the CNCA. Currently all voting members vote together. However, should the CIA continue under the CNCA with more than one class of member, there would be separate class votes and possibly a veto right in certain instances. In addition, the CNCA does not permit ex officio directors—in other words, directors who hold their office as director by virtue of holding another position. The CIA Bylaws provide that the chairs of councils are members of the Board, and as such they provide for ex officio directors.

The Board also took into consideration the fact that there is no deadline by which special act corporations like the CIA must decide whether to continue under the CNCA. The CIA has the option of introducing the matter of continuance under the CNCA to its members at any time.

Should you have any questions arising out of this information, please do not hesitate to contact me.

Michel C. Simard is Executive Director of the CIA.

 

 

 

By Denise Lang, FCIA

In the November 2013 (e)Bulletin, Mike Hale discussed the comments submitted by the CIA on the exposure draft (ED) on accounting for insurance contracts (International Financial Reporting Standard 4, or IFRS4). As Mike steps down as chair of the CIA Subcommittee on International Accounting and Actuarial Standards, and I take his place, we felt it was a good time to provide an update on IFRS developments.

The subcommittee has commented on two papers since providing comments on the ED in October. In January, we provided a response on the Conceptual Framework for Financial Reporting. The framework is not a standard but articulates concepts that assist in developing and revising the standards as well as in understanding and interpreting them. In February, we provided comments to the International Actuarial Association (IAA) on its draft statement of intent to issue an International Standard of Actuarial Practice – Actuarial Services in relation to IFRS4 Insurance Contracts (ISAP 4). The CIA subcommittee is very supportive of the IAA’s plan to issue a principle-based standard, which will focus on considerations rather than being prescriptive. Our comments on the IFRS4 ED and these additional papers can be found on the CIA website on the Committee on International Relations page.

The International Accounting Standards Board (IASB) has continued to meet every month. It is deliberating several standards in addition to IFRS4, which lengthens the time required to resolve issues. The IASB received comments on IFRS4 from many organizations. It has been reviewing the comments and discussing whether changes will be made to the ED. As a reminder, the main points emphasized in the CIA response to the IFRS4 ED are:

  • The use of Other Comprehensive Income (OCI) for insurance contracts should be optional;
  • For companies opting to use OCI, a simpler approach should be available for setting opening values for OCI and the Contractual Service Margin (CSM);
  • The mirroring concept should be made more broadly available;
  • Changes in risk adjustments should go through the CSM rather than through profit and loss; and
  • The additional complexity and system requirements arising from the standard make it imperative that there be sufficient lead time for implementation, and careful monitoring of progress in the interim.

Progress has been made in a few of the above areas; some are positive for Canadian insurers and some are not. The most significant positive change is that the IASB has tentatively decided to allow companies to choose whether to present the effect of changes in discount rates in profit and loss or in other comprehensive income (i.e., OCI is expected to be optional). However, for companies that choose to use OCI, the IASB is still expecting to require the use of discount rates that applied at the date the contract was initially recognized to determine the interest expense in profit and loss. Most Canadian insurance companies have traded large amounts of assets as interest rates have declined in recent years. As a result, in most cases, the asset rates at the time of purchase will be lower than liability rates at initial recognition since on average the liabilities are older than the assets. This would result in negative interest spreads through the income statement using OCI from initial recognition. It is possible that this will change as transition rules are developed but if not, it is expected that many companies will opt out of OCI accounting.

The IASB has tentatively decided on changes to the CSM to address the comments received. Changes in risk adjustments that relate to future coverage or other services will be offset in the CSM rather than going through profit and loss, subject to the condition that the CSM should not be negative. Changes in the risk adjustment related to coverage or other services provided in current and past periods should be recognized immediately. Also, favourable changes in estimates that arise on a portfolio that has previously had losses related to future coverage or services will be recognized in income to the extent that they reverse these past losses.

The IASB has tentatively decided to confirm the IFRS4 ED proposals related to insurance contract revenue and expense accounting. This is unfortunate since the proposals will increase complexity and will require substantial effort including major systems changes. The different presentation will create confusion relative to previous reporting and education will need to be provided to the financial statement users and analysts. Also, disclosure of the confidence level for the risk adjustment liability has been tentatively reaffirmed.

Although the IASB has continued to meet with the Financial Accounting Standards Board (FASB), they are not converging. In fact, the FASB is planning to enhance the U.S. Generally Accepted Accounting Principles rules rather than trying to converge with the IFRS. This is very disappointing and is a significant concern for companies selling business in the U.S.

The IASB expects to make changes to the mirroring and transition rules but has not yet addressed these areas. In April, it listed seven more topics that it will review before the issue of a final standard; these included "Discount rate for long-term contracts and unobservable market data", "Portfolio definition and unit of account", and "Asymmetrical treatment of reinsurance contracts". This effectively ring-fences the topics for future review with the expectation that everything else will be unchanged from the 2013 ED.

The IASB still plans to issue a final standard in 2015 and it has not changed the January 1, 2018, effective date. From a practical perspective, we feel that there should be more field testing than originally planned and the effective date will hopefully be deferred to allow sufficient testing as well as enough lead time for companies to prepare for implementation.

Denise Lang, FCIA, is Chair of the Subcommittee on International Accounting and Actuarial Standards.
 

Joanne Després, ACIA(2012), ASA(1990)

An Associate of the CIA and Society of Actuaries (ASA) and a Université Laval graduate, Joanne Després began her actuarial career with Mercer in Toronto, ON. Her subsequent roles included working for AXA in Montréal, QC, and Expert Travel Financial Security (Voyage Expert Sécurité Financière) in Sherbrooke, QC.

 

 

 

Paul Gobeil

1. Why did you become an actuary?

I have always had a love of math, but wasn’t interested in teaching, so actuarial science was a way to work with numbers in the business world.

2. When you tell people you’re an actuary, what do they think you do?

Judging from the blank stares, they don’t think much of anything. Once I’ve explained it, they probably imagine me pounding away at a spreadsheet all day. (I find it’s not a very relatable occupation!)

3. Who has inspired you the most during your career? Did you have a mentor in your early career?

I had a great mentor at my first job, Louise Hoeppner. (Thanks Louise!) These days I draw on my manager, Alec Blundell. His knowledge and passion for the business inspire me to put my best work in and challenge myself.

4. What do you enjoy most about your job?

I enjoy thinking through a problem and arriving at a solution that might not have been immediately obvious. I’m grateful that I’ve had opportunities for this throughout my career.

5. What career would you follow if you weren’t an actuary?

I took some computer science classes in university, and really enjoyed them, so I might have tried my hand at programming. Maybe by now I would have designed a few mobile apps!

6. What are your hobbies?

My two main hobbies are music and sports. I play guitar, sing, and write songs, and I love going to concerts. Songwriting is definitely my biggest creative outlet. As for sports, I mostly play soccer, though I’ve also tried football, hockey, baseball, volleyball, and badminton. I watch a lot of sports on TV, mainly the CFL and NHL. Go Riders and Canucks!

7. What is your favourite music, book, and film?

Music: seeing as this is for a Canadian audience, I’ll promote a couple of brilliant Canadian artists, Sam Roberts and Matt Mays.
Book: The Road by Cormac McCarthy.
Film: No Country for Old Men.

8. Where is your dream vacation destination?

Having been to London, England, this summer, the top of my travel list is now New York City. Maybe not very exotic, but it would be exciting for me!

9. What do you do better than anyone you know?

Well, there’s always someone better, but I would probably have the best shot at a songwriting contest.

10. If you could be anybody else, alive or dead, who would it be, and why?

I’ve always thought being a big-time musician on tour would be pretty fun, at least for a while. Same with a professional athlete. But the grass is always greener, right? I’ll stick with my own life for now...

Paul Gobeil is senior director, pricing and product support, individual insurance and wealth management, at Co-operators Life Insurance Company.

If you would like to be featured in Introduce Yourself, please answer the 10 questions above by completing our online form here.
 
THIS MONTH'S PUBLICATIONS

May's published documents:

INTRONHS2011 Introduction to the 2011 National Household Survey Custom Tabulations

RETCS2012 Retirement Benefits Section of the CIA Practice Education Course Case Study – June 2012

RETCS2013 Retirement Benefits Section of the CIA Practice Education Course Case Study – June 2013

RETCS2011 Retirement Benefits Section of the CIA Practice Education Course Case Study – June 2011

214055 Report on Canadian Economic Statistics 1924–2013: Final Release

214055T Report on Canadian Economic Statistics 1924–2013: Final Release : Tables

EECA113 Eligibility and Education Council Agenda - Meeting nÂș 113 (May 22, 2014)

 

214049 Memorandum: Proposed Bylaw Amendments – Councils

214050 Amending Bylaw No. 2014-1 to Amend the Bylaws and Rules of Professional Conduct of the Canadian Institute of Actuaries (Councils)

214051 Appendix A: Proposed Bylaw Amendments – Councils

214052 Appendix C: Rules of Professional Conduct

214053 Policy on Councils

214054 Instructions for Voting (Electronic Proxy and Live) and Use of the Amendments Listserver

GBS2014 General Business Session of the 2014 CIA Annual Meeting

214046 Final Communication of Promulgations of the Maximum Net Credit Spread, Ultimate Reinvestment Rates, and Calibration Criteria for Stochastic Risk-Free Interest Rates in the Standards of Practice for the Valuation of Insurance Contract Liabilities: Life and Health (Accident and Sickness) Insurance (Subsection 2330 of the Final Standards for Revisions to the Standards of Practice)

214047 Final Standards – Revisions to Economic Reinvestment Assumptions within the Practice-Specific Standards on Insurance Contract Valuation: Life and Health (Accident and Sickness) Insurance (Section 2300 and Subsection 1110)

214048 Memorandum: Final Standards – Revisions to Economic Reinvestment Assumptions within the Practice-Specific Standards on Insurance Contract Valuation: Life and Health (Accident and Sickness) Insurance (Section 2300 and Subsection 1110)

AMGBS20132013 Annual Meeting: General Business Session

AA2013-6 ASB Notice of Intent–Update to Standards Relating to Investment Assumptions

AA2013-7 What Have We Done for You Lately? An Update from the Committee on Property and Casualty Insurance Financial Reporting

AA2013-8 IRFS Phase II Standards – An Update on the Latest Release

AA2013-10 Developing Solvency Frameworks in Canada and Europe

AA2013-11 A P&C Perspective of IFRS Phase II Standards – An Update on the Latest Release

ADNW Information on Annual Dues 2014-2015

FULLTIME Request for Confirmation of Full-Time Student Status at a Post Secondary Institution

AMREG2014 Registration Form for the 2014 Annual Meeting

214045 Submission to the International Actuarial Association: Comments by Canadian Institute of Actuaries on Draft Statement of Intent to issue an International Standard of Actuarial Practice – Actuarial Services in relation to IFRS X Insurance Contracts (ISAP [4])

PROFWREG Registration form - Professionalism Workshop

214043 Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2014, and Applicable to Valuations with Effective Dates Between March 31, 2014, and December 30, 2014

ENROLFORM CIA Enrolment Form (Apr 2014)

214041 Seeing Beyond Risk (May 2014)

 

April's tweets from @CIA Actuaries:

Interesting IAA report on Addressing the #Gap in #Actuarial Services in Inclusive #Insurance Markets http://bit.ly/1mzVi7a

@ogcsae workshop on communicating value to members with @SueFroggatt @LordElginHotel

@OSFIBSIF issues advisory on changes to membership of boards or senior management http://bit.ly/ciaica379

CIA member Claude Lamoureux, #FCIA inaugural CEO of #Ontario #Teachers’ Pension Plan, to chair board of #Orbite – via @MiningWeekly

#Actuary Ian Markham #FCIA quoted in Long Road to #PensionReform @nationalpost http://bit.ly/LongRoadtoPensionReform...

New #job #postings in the CIA #Actuarial Jobs Bank http://bit.ly/1bSD27s

#CIAWebcast Demystifying 2015 MCT Changes for #P&C #Actuaries on May 29 http://bit.ly/MCTWebcast

#Early-bird registration closes in 2 weeks for CIA #AnnualMeeting in #Vancouver. Can you #risk not attending? http://bit.ly/ciaica375

Lloyd's calls on insurers to take into account #climate-change risk http://www.theguardian.com/business/2014/may/08/lloyds-insurer-account-climate-change-extreme-weather-losses...

CIA member Rob Brown discusses #Target #Benefit #Pension #Plans @GlobeandMail http://bit.ly/1ixMz4C

Now available: external panel's review of the 26th #actuarial report on the Canada #pension #plan http://bit.ly/ciaica377

Stay up to date with #actuarial thinking. Read #expert opinions in #SeeingBeyondRisk http://bit.ly/SeeingBeyondRisk...

Supt. Julie Dickson's talk to Canadian #reinsurers featured in new issue of 'The Pillar' from @OSFIBSIF http://bit.ly/ciaica376

Leading #Actuaries #CPD #Networking and #Learning at CIA Annual Meeting in #Vancouver June 18-19 http://bit.ly/1mEMYC6

@UMontreal #professor and #Actuary Claudia Gagné on Canada’s #financial literacy. Read more http://bit.ly/SeeingBeyondRisk...

The CIA monthly #eBulletin is full of #actuarial #news. #ERM #ClimateChange @Actulab and #Students http://bit.ly/CIAeBulletin

#Actuaries tell us your key Canadian issues and shape closing #keynote at 2014 CIA #AnnualMeeting by @cbcian http://bit.ly/1m7tI2R

CIA President Jacques Lafrance on extensive consultations into #target #benefit #pension plans (French only) http://rc.ca/1ltx2Un

 
Calendar of Events

CIA Webcast – Amendments to the Bylaws and Rules of Professional Conduct (offered in English) – June 5, 2014

CIA Webcast – Amendments to the Bylaws and Rules of Professional Conduct (offered in French) – June 5, 2014

CIA Professionalism Workshop – English – June 17, 2014 – Vancouver

CIA 2014 Seminar for the Appointed Actuary – Toronto – September 22–23, 2014

CIA Professionalism Workshop - Toronto (English) - October 3, 2014

CIA 2014 Pension Seminar – Montréal – November 4, 2014

CIA 2014 Investment Seminar – Montréal – November 5, 2014

CIA 2015 50th Anniversary Annual Meeting – Ottawa – June 17–18, 2015

 
Board and Council Updates

Board

Stéphane Levert has been appointed as the CIA representative to the International Actuarial Association's Health Committee, effective January 1, 2014.

Eligibility and Education Council

The following people have been appointed to the (sub)committees named below, effective immediately unless otherwise stated:

  • Accreditation: Peter Muirhead (Chair), effective July 1, 2014;
  • Academic Relations: Denis Latulippe;
  • Property and Casualty InsuranceSubcommittee of the Committee on Continuing Education: Satnam MacLean; and
  • CIA Exam 6 Canada Syllabus: Ryaz Mohamed.

Pierre Parenteau has been appointed as the CIA’s representative external reviewer to the CERA Global Board, effective immediately.

For information only:

The following people are leaving or have left the committees named below, and go with thanks:

  • Accreditation: Rob Stapleford (completing his term as Chair on June 30, 2014);
  • Eligibility: Rémi Villeneuve (completing his term as Chair on June 30, 2014);
  • CIA Exam 6 Canada Syllabus: David Langlois (resigned); and
  • 2014 PEC Organizing: Carole Vincent (resigned).

Yana Harris has resigned as the CIA’s representative external reviewer to the CERA Global Board.