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

Canadian Institute of Actuaries/Institut canadien des actuaires

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

By Jacques Lafrance, FCIA
CIA President 2013-2014

I can hardly believe that my term as President is at its end. The last 12 months have gone by very fast. Too fast.

I am proud of the work performed by the CIA officers, the Board members, the councils, the Head Office staff, and all the volunteers who work really hard on the numerous committees and task forces of the CIA.

We made significant progress in the last 12 months. Here are a few highlights of this year:

  • The adoption of a new strategic plan;
  • Completion of significant research projects (e.g., the first Canadian Pensioners Mortality Table and the research paper on water damage);
  • A significant presence in the media;
  • A definition of education requirements for becoming an ACIA or FCIA;
  • Publication of several educational notes and guidance material to assist our members in providing high-quality services;
  • An increased offering of continuous professional development opportunities (e.g., more CIA-sponsored webcasts);
  • Increased presence among students and professors in universities;
  • Significant work on issuing public policy positions, including many submissions;
  • Influencing the advancement of the actuarial profession on the international front; and
  • Preparation of our 50th Anniversary celebrations.

Despite the progress we have made and all these initiatives, I still have an appetite for more. These 12 months have gone by too quickly. We still have much to do.

We have significant challenges. For example, there are many people who perform actuarial services in Canada and who are not members of our organization. We need to find ways to attract these people so that they become and remain CIA members. I would hope that the CIA staff and volunteers will spend much effort on that front in the coming months.

Another significant challenge is the need to expand the reach of our profession. The public and the potential buyers of actuarial services need to better understand the expertise and skills that we can bring to the table. This will not be accomplished within a few months. It will take time. The good news is that we have already started working on this initiative.

With the adoption of our strategic plan, I feel that the CIA is on the right track. With my successor Jacques Tremblay and my subsequent successor Rob Stapleford, and all the other people contributing to the CIA activities, plus the staff under the excellent leadership of Michel Simard, I am confident about the future of the CIA and the actuarial profession. What I also find reassuring is the high level of commitment of members to the Institute.

My year as President of the CIA was a wonderful experience that I will never forget. I am looking forward to serving as Immediate Past President for the next year.

My last word would be to thank you for providing me with this great opportunity.

Jacques Lafrance, FCIA, was President of the CIA for 2013-2014.


Congratulations to the CIA members who have been elected to the Board in the 2014 Elections:

President-elect (elected by acclamation)
Rob Stapleford

New Directors
Karen L. Lockridge
Richard Gauthier
David J. Congram
Alan R. Cooke
A. Kim Young (to complete the remainder of Rob Stapleford’s term as Director)

The President-elect will serve a one-year term in that position, followed by a year as President and a further year as Past President. Directors are elected for a three-year term, unless otherwise indicated above.

These elected members commenced their terms following the close of the Annual Meeting on June 19, 2014.

Thank you to all who stood for election.

Claude Ferguson was featured in an extract from The Third Rail: Confronting Our Pension Failures, a book by Jim Leech and Jacquie McNish, which was featured in the Globe and Mail.

An article by Jay Jeffery and Kelley McKeating, published in the Lawyers Weekly (subscription required), offered the legal profession a detailed insight into the mathematics involved in mortality and life expectancy. 

Naveed Irshad has been named president and chief executive officer of Manulife Singapore. He previously worked for RGA as senior vice-president, global accounts, in Toronto, ON. 

In Benefits Canada, Joe Nunes set out what he sees as the problem with an Ontario pension plan.

Earlier this year, Andrea Sherry was appointed vice-president, actuarial pricing, of the Wawanesa Mutual Insurance Company.

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 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

Attendees at this year's Annual Meeting and proxy voters agreed on several important changes affecting CIA members. Here is a brief look at what occurred:

The Bylaws and Rules of Professional Conduct

Voters approved alterations to the Bylaws and Rules of Professional Conduct: as explained here, the changes will ensure that the creation and dissolution of a council, or a revision to a council mandate, can be done by the Board without the need for a formal bylaw amendment, in order to streamline this process going forward.

Links to more details about the amended Bylaws, and a necessary amendment to the Rules of Professional Conduct, can be found here.

International Relations Council

The Committee on International Relations, which since 2012 has been regarded as a quasi-council reporting to the Board, has now become a council. The move is a reflection of the Institute's continued importance in the international arena, and the growing interconnectedness between financial and regulatory organizations of every kind around the globe.

Under its chair, Micheline Dionne, the new International Relations Council has the following mandate:

  • To oversee relations with actuarial organizations outside Canada, including the associations represented in the International Actuarial Association, and other associations like the North American Actuarial Council (NAAC) (of which Canada is a member as well as the United States and Mexico) and the Actuarial Association of Europe;
  • To be familiar with the Canada-U.S. Free Trade Agreement and the North American Free Trade Agreement as they pertain to the actuarial profession;
  • To be familiar with and make recommendations to the Board about specific projects which involve, or could involve the CIA with these bodies and agreements;
  • To respond to requests for comments on international actuarial topics and make submissions as appropriate; and
  • To arrange for CIA representation at international actuarial meetings as appropriate.

Revised CIA Rules of Practice and Procedure of a Disciplinary Tribunal

The rules governing CIA disciplinary tribunals have been modified slightly. The current CIA Rules of Practice and Procedures of a Disciplinary Tribunal were initially approved by the Board of Directors on November 19, 1997, and had not been revised since November 1998. Based on the experience over the past 16 years, a number of changes have been made:

  1. Time frames for completion of various stages of the discipline process have been added throughout the rules to assist with a smooth and more cost-efficient procedure.
  2. The problems created by a respondent simply ignoring the discipline process have been addressed by requiring a specific response in order to be permitted to participate and also giving the Disciplinary Tribunal the power to continue the hearing process when no such response is forthcoming.
  3. Provisions regarding an objection to the composition or jurisdiction of the Disciplinary Tribunal have been structured to help ensure that such an objection is registered and addressed at an earlier stage in the entire process, and not left until just before the actual scheduled hearing itself.
  4. Some flexibility has been given to the Disciplinary Tribunal and the Chair of the Tribunal Panel to adjust time frames and make necessary case management decisions to reflect unforeseen events in the interest of justice and a timely completion of the process.

Documents containing the changes in detail were still being finalized as this (e)Bulletin neared its deadline, but they should now be available on the CIA website.



CIA Executive Director Michel Simard, left, then-President-elect Jacques Tremblay, centre, and then-President Jacques Lafrance, second right, with Yoshiaki Maebayashi and Tomio Murata. 

The CIA was delighted to welcome a number of distinguished international guests at this year's Annual Meeting, including representatives from actuarial organizations across North America and elsewhere.

Joining the hundreds of CIA members and others who attended the highly successful event in Vancouver, BC, were:

  • Rob Brown, President of the International Actuarial Association and a former CIA President;
  • Bob Miccolis, President-Elect, Casualty Actuarial Society;
  • Tom Terry, President, American Academy of Actuaries;
  • Errol Cramer, President-Elect, Society of Actuaries;
  • Mark Freedman, President, Society of Actuaries;
  • John Schubert, President, Conference of Consulting Actuaries;
  • Nick Salter, President, Institute and Faculty of Actuaries;
  • Derek Cribb, Chief Executive, Institute and Faculty of Actuaries;
  • Yoshiaki Maebayashi, General Secretary, Institute of Actuaries of Japan; and
  • Tomio Murata, Vice-President, Institute of Actuaries of Japan.

This year's meeting featured a number of additions, including the pilot CIA Meeting App, a data wall, and more. Work is now underway for next year's event, which will include its own unique features as part of the Institute's 50th Anniversary celebrations. Keep reading the (e)Bulletin and visiting the CIA website for more details of the anniversary as they become available.

A full report about the meeting, including pictures plus comments from participants, will be released soon.


This year’s CIA Annual Meeting may now be over, but the Head Office is already hard at work preparing for the next series of Institute events: the specialty seminars.

Actuarial Evidence Seminar—Toronto, September 12–13

The 2014 Actuarial Evidence (AE) Seminar is being held in Canada’s largest hotel, the Eaton Chelsea in downtown Toronto, giving participants easy access to top-class facilities and all that the city centre has to offer. AE practitioners can expect another fascinating series of sessions this time: the program includes presentations on such varied subjects at the importance of AE to the CIA’s strategic objectives, landmark legal decisions, structured settlements, fatalities, and earnings tabulations.

Seminar for the Appointed Actuary—Toronto, September 22–23

As always, this seminar will be filled with unmissable sessions of interest to appointed actuaries and others, along with networking opportunities and more. The plenary session will focus on investments like real estate and equities, offering advice on their attributes and how to handle them. Other presentations will cover topics like economic capital modelling, auto reform, and reserve analyses.

The program is still being drawn up, but the luncheon speaker has already been confirmed: Dr. Greg Wells, CTV’s sport science analyst and a human physiologist. Dr. Wells has coached and inspired dozens of athletes to win medals at the Commonwealth Games, World Championships, and the Olympics. He is the author of Superbodies: Peak Performance Secrets from the World’s Best Athletes, a book which decodes the science behind Olympic performance to understand the magic of the human body and includes high-performance tips for people of all ages and abilities to improve their health and fitness.

Pension Seminar—Montréal, November 4

A highlight of this year’s event will be luncheon speaker Chantal Hébert, political raconteur and award-winning journalist. Besides writing for the Toronto Star, Le Devoir, and L’Actualité, she is also a weekly participant on the political panel At Issue on CBC TV’s The National. Mme Hébert has worked in the media for almost 40 years, bringing her expertise to bear on a wide range of topics. She is also a regular participant in a number of French-language television and radio current affairs programs and is a senior fellow at Massey College, University of Toronto. A member of the Order of Canada, she is the author of French Kiss: Stephen Harper’s Blind Date with Quebec.

Investment Seminar—Montréal, November 5

The 2014 Investment Seminar will be held at the Montréal Hilton Bonaventure, a venue that has proved very popular with attendees at other CIA events. This year it will host a day filled with sessions from thought leaders and high-profile practitioners, so be sure to book your accommodation early.

As details of each seminar are finalized, they will be added to the relevant pages on the CIA website. To ensure you stay up to date, bookmark the List of All Upcoming Events page.

Christopher McRae

1. Why did you become an actuary?

I enjoy math and thought actuarial science was the best way to make a living by it. I actually only found out about the field a couple years into university through my wife’s guidance counsellor, who had suggested it for her.

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

Some type of accountant.

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

My dad—he was the treasurer for a multinational company, but later learned how to make a living through financial market arbitrage after turning down transfers to France and the U.S.

4. What do you enjoy most about your job?

Building financial models.

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

Hopefully an engineer or builder of some kind.

6. What are your hobbies?

Running (I do a half marathon every year as I can manage it without serious training, but would like to try a marathon before I die) and hobby farming (we had some chickens and turkeys last year).

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

Music: U2 (for the U2 fans reading this, In a Little While and Walk On are my favourites).

Fictional book: ThePilgrim’s Progress by John Bunyan (really more of an allegory than fiction).

Movie: Braveheart (especially love the faithful Irish character in this movie).

8. Where is your dream vacation destination?

For a pure holiday, I’d like to return to Spain, which I visited with my high school class in grade 9—an amazing and beautiful country. A more meaningful trip would be to visit Israel; however, due to cost and safety concerns I probably wouldn’t want to attempt it until my children are a bit older.

Christopher McRae is director, segregated fund hedging, retail markets risk management, at Manulife.

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




Pyar Dossal, FCIA(1965), FIA(1958), ASA(1958)

Pyar Dossal, who passed away this month at the age of 87, is said to have been the first Muslim born in India to qualify as an actuary. He earned his Fellowship of the CIA in 1965, having already been a Fellow of the UK Institute and an Associate of the Society of Actuaries for seven years.

The early years of his career in Canada were spent at Excelsior Life in Toronto, ON, and his later positions included working for Commercial Life Assurance and becoming vice-president at Sedgwick Tomenson Associates (later Sedgwick James Consulting Group).

An online video tribute to him can be found here.




Once again the CIA Head Office is this year following the practice of summer hours, meaning that the offices are closed on Friday afternoons during July and August. We are also closed on Canada Day.

Please note that the (e)Bulletin is not published during the summer; the next issue will be released on or around September 30.

The Head Office wishes all CIA members a good summer.


AM2014-26 Session 26: It’s tough enough being an Actuary – Don’t include "Death By PowerPoint" (Ouchi)

214074 Discipline Bulletin: Volume 20, no 2 (June 2014)

214073 Statement on Genetic Testing and Insurance

214071 Canadian Institute of Actuaries – Annual report 2013-2014

AM2014-30 Session 30: Critical Illness Morbidity Studies—Most Recent Data! (Miclette)

AM2014-CLIM Breakfast Session: Committee on Climate Change and Sustainability

AM2014-37C Session 37: ORSA Implementation (Combined)

AM2014-41 Session 41: Sharing Thoughts from an Industry Leader (de Bever)

214070 Submission to the International Actuarial Association: Draft Statement of Intent to issue International Standards of Actuarial Practice in relation to insurer ERM models and programs (ISAPs [5] and [6])

AM2014-13 SEssion 13: P&C Materiality: A Practical Discussion on Determining Appropriate Standards of Materiality (Friedland, Macht, and Potts)

AM2014-29C Session 29: Hedge Funds – What are They Looking at Today? (Combined)

AM2014-29-1 Session 29: Hedge Funds – What are They Looking at Today (Coady)

AM2014-33-2 Session 33: Longevity: An Insurer's Perspective (Simmons)

AM2014-19-2 Session 19: Actuarial Model Controls and Best Practice (Rodericks)

AM2014-27-1 Session 27: Systemic Risk (Lubochinsky)

AM2014-39Session 39: Global Relatives of Target Benefit Plans (Sanders)

AM2014-6C Session 6: What will be the impact of the recent T10 Industry Lapse Rate Study? (Combined)

AM2014-45 Session 45: The Actuaries Climate Index (Lindman and Weaver)

AM2014-2C Session 2: CIA Update on key Activities (Combined)

AM2014-3C Session 3: Regulator Update/PPFRC Update (Combined)

AM2014-4C Session 4: Healthcare in Canada—Survey and Projections (Combined)

AM2014-20C Session 20: Branding your Service Business (Combined)

AM2014-21C Session 21: Innovations in Managing Asset Decumulation Risk in Capital Accumulation Plans (Combined)

AM2014-32C Session 32: Actuarial Standards Board Update (Combined)

AM2014-8-1 Session 8: CLIFR Update (Serykh)

AM2014-19-1 Session 19: Models, Related Risks, and Controls (Howes)

AM2014-24 Session 24: Development of Simplified Issue Products in Canada (Boundy, Kwiatkowski, Ricketts)

AM2014-35 Session 35: Is It or Isn’t It Actuarial Evidence?

AM2014-HC Breakfast Session: Actuaries Carving a Niche in Healthcare (Have)

AM2014-8 Session 8: CLIFR Update (Marks and Rycroft)

AM2014-36 Session 36: Practical applications of Predictive Modelling (Rioux)

214069 Draft Minutes of the General Business Session of the June 2013 Annual Meeting to be Approved at the June 2014 Annual Meeting

AMPROG2014 2014 Final Program – Annual Meeting

AM2014-29 Session 29: Hedge Funds—What are They Looking at Today? (Klein)

AM2014-22 Session 22: Ethical Decision-Making for Actuaries

AM2014-23-3 Session 23: IFRS Update (Dionne)

AM2014-12-2 Session 12: Individual Life, the Next Wave. Come and Surf with Us (Cutler)

AM2014-33 Session 33: Longevity Risk Perspectives (Ciamarro)

AM2014-33-1 Session 33: Longevity Risk Perspectives (Dickner)

AM2014-17-1 Session 17: Hot Topics in Underwriting (Cutler)

AM2014-2 Session 2: CIA Update on Key Activities (Vary)

AM2014-2-1 Session 2: CIA Update on Key Activities (Tardif)

AM2014-2-2 Session 2: CIA Update on Key Activities (M. Dionne)

AM2014-2-3 Session 2: CIA Update on Key Activities (P. Dionne)

214068 Submission to the Saskatchewan Financial and Consumer Affairs Authority: Consultation paper on non-residency unlocking

AM2014-42 Session 42: What’s New in Mortality Research at the SOA (Fix)

AM2014-43 Session 43: Research Paper: Water Damage Risk and Canadian Property Insurance Pricing (Friedland and Peleshok)

AM2014-10 Session 10: Voluntary Benefits (Brazzell)

AM2014-10-1 Session 10: Voluntary Benefits (Poliquin)

AM2014-12 Session 12: Individual Life, the Next Wave. Come and Surf with Us (Anderson)

AM2014-12-1 Session 12: Individual Life, the Next Wave. Come and Surf with Us (Ouditt)

AM2014-14 Session 14: Developing Leadership Potential for Career and Volunteer Opportunities (McKinney)

AM2014-19 Session 19: Models, Risks, and Controls (Fortier)

AM2014-20 Session 20: Branding your Service Business (Skaper)

AM2014-20-1 Session 20: Branding your Service Business (Cheng)

AM2014-20-2 Session 20: Branding your Service Business (Williams)

AM2014-21 Session 21: Innovations in Managing Asset Decumulation Risk in Capital Accumulation Plans (Heseltine)

AM2014-21-1 Session 21: Innovations in Managing Asset Decumulation Risk in Capital Accumulation Plans (Klosa)

AM2014-23 Session 23: IFRS Update (Dionne)

AM2014-23-1 Session 23: IFRS Update (Thomson)

AM2014-23-2 Session 23: IFRS Update (Davies)

AM2014-27 Session 27: Systemic Risk (Easson)

AM2014-28 Session 28: Canadian Post Employment Health Dental Experience Study (Have and Garand)

AM2014-32 Session 32: ASB Update (Howard)

AM2014-32-1 Session 32: ASB Update (Williams)

AM2014-32-2 Session 32: ASB Update (Faulds)

AM2014-17 Session 17: Underwriting Hot Topics (Howard)

AM2014-37 Session 37: ORSA Implementation (Ozdemir)

AM2014-37-1 Session 37: ORSA Implementation (Taylor)

AM2014-38 Session 38: Session 38: The Role of the Actuarial Function in Managing Risks (Shipilov)

AM2014-38-1 Session 38: The Role of the Actuarial Function in Managing Risks (Townsend)

AM2014-18 Session 18: Macroeconomic Trends—Where are Interest Rates Going? (Matheson)

AM2014-9 Session 9: Pension Risk Management: Adapting in a Dynamic Environment (De Roy and Pellerin)

AM2014-4 Session 4: Canadian Healthcare Metrics Lifestyle vs Chronic Illnesses (Have)

AM2014-4-1 Session 4: Sustainability of the Canadian Healthcare System (Levert)

AM2014-34 Session 34: A Solution for Private Drug Plans (Gingras and Bohm)

AM2014-6 Session 6: What will be the impact of the recent T10 Industry Lapse Rate Study? (Fraser, Mehra, and Hill)

AM2014-7 Session 7: Investing in Real Assets (Werner)

AM2014-7-1 Session 7: Investing in Real Assets (Martel)

214067 Canadian Individual Annuitant Mortality Experience – Policy Years 2002–2011

214067T Canadian Individual Annuitant Mortality Experience – Policy Years 2002–2011: ZIP file

AM2014-3 Session 3: Regulator Update/PPFRC Update FICOM’s Risk-Based Regulatory Framework (Koomson)

AM2014-3-1 Session 3: Regulator Update/PPFRC Update (Mervyn and Nelson)

AM2014-40 Session 40: Impact of Canadian Pensioner Mortality on Post-employment Benefit Plans (Bell and Kuo)

ORG060614 Organization of the CIA Head Office

214060 Policy Regarding CIA Continuing Professional Development Events

214059 University Accreditation Program Policy

HISTUAP CIA University Accreditation Program History

MSCA107 Member Services Council Agenda - Meeting nÂș 107 (June 3, 2014)

214066 Submission to Accounting Standards Board: Exposure Draft on 2014 Improvements to Accounting Standards for Private Enterprises

214058 Bilingualism Policy

April's tweets from @CIA Actuaries: 

Thank you to all #FCIA's, #ACIA's and guests for a great #AnnualMeeting in #Vancouver

Wrapping up more great sessions at the CIA #AnnualMeeting on managing #Risk Target #Benefit Plans #Mortality and #WaterDamage #cia2014ica

Some great PowerPoint tips from storyteller Michael Ouchi #cia2014ica

Thank you to Benefactor-level sponsors of CIA Annual Meeting GGY Axis, Elliott Bauer, @KPMG_Canada, RGA, SCOR Global Life and @SOActuaries

How can actuaries impact #health care? Great options discussed this morning @ CIA Annual Meeting #cia2014ica

Thank you to the Patron-level sponsors of the CIA Annual Meeting @DeloitteCanada @AurigenRe @SunLifeCA #cia2014ica

Congratulations to all CIA Volunteers that received #Gold #Silver & #Bronze awards today #cia2014ica

We’re talking about developing your leadership potential in #Vancouver #cia2014ica

Be sure to visit CIA #AnnualMeeting Exhibitors @ANEA_ASNA @CASact @KPMG_Canada @OliverWyman @SwissRe #cia2014ica

Canada’s newest #FCIAs are taking the stage at the CIA #AnnualMeeting #cia2014ica #Actuaries
Great sessions in #Vancouver on #pension #risk, #benefits, #materiality, #CPP and #underwriting at #cia2014ica

Use the CIA Annual Meeting hashtag #cia2014ica and share what you are learning

Check out the CIA Annual Meeting App

Canada’s #Actuarial community has gathered in #Vancouver for 2 days of #ActuarialExcellence #cia2014ica

Looking forward to welcoming Canada’s #Actuarial community to #Vancouver for our #AnnualMeeting #cia2014ica

Join Ian Hanomansing @cbcian to hear how #actuaries can be #headline #news @ CIA #AnnualMeeting in #Vancouver

Voting closes TODAY in the CIA Board #Elections #YourVoteMatters

Good luck to all #actuarial professionals writing the CIA #PEC exam today!

OSFI issues public disclosure requirements for domestic #systemically important #banks on #liquidity coverage ratio

Calendar of Events
Board and Council Updates

Member Services Council

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

  • Research: Matt Poetker, Peter Snyder, and Julie Viinikka, effective June 3, April 30, and May 22 respectively;
  • Research Committee subcommittees:
    • Segregated Fund Experience: Peter Snyder (Chair), effective April 30, and Chris Moorley (Vice-chair), effective April 14;
    • Individual Living Benefits Experience: Nicolas Rochon and Chris Piper, effective April 21; and
    • Group Annuitant Mortality Experience: André Veilleux, effective May 8; and
  • Climate Change and Sustainability: Karen Lockridge (Chair), William Brath, Denise Cheung, Jacqueline Friedland, Yves Guérard, Frank Grossman, Nicolas Hsu, Sam Lee, Caterina Lindman, Carol Moellers, James Murta, Kayee Ng, Kamran Quavi, and Betty-Jo Walke, effective May 30.

The MSC has approved the following revised mandate of the New Members Committee:

The mandate of the New Members Committee is to get new members of the CIA (Associates and Fellows) involved in the Institute at an early stage and promote volunteerism and personal development.The committee will accomplish this by developing educational and networking opportunities specifically targeted at new Fellows and new Associates of the CIA, as well as helping to support the initiatives of the Committee for Volunteer Initiatives and any other CIA committees that target new CIA members.

It has also approved the following revised mandate of the Climate Change and Sustainability Committee:

The purpose of the Climate Change and Sustainability Committee is to raise awareness of climate change and environmental sustainability, and support the Canadian actuarial profession in playing a meaningful role in addressing these global challenges, both in providing advice to clients and providing input on public policy.Relevant areas of interest include (but are not limited to) climate change, natural resource depletion, water and air pollution, land management, agriculture, energy, infrastructure, and waste management.

The committee’s primary focus is on communication, dialogue, and education (as opposed to original research). Key objectives of the committee are to:

  • Keep CIA members informed of relevant developments on climate change and sustainability;
  • Promote collaborative dialogue between the CIA and other organizations on key issues;
  • Identify, evaluate, and disseminate the related implications for pricing, risk management, and other areas of actuarial practice;
  • Encourage discussion of related public policy issues and, when appropriate, draft CIA submissions;
  • Support the inclusion of climate change and sustainability in professional development programs for actuaries; and
  • Raise the profile of the profession and promote its skill set with respect to these issues.

For information only:

  • Segregated Fund Experience Subcommittee: Leonard Pressey completed his mandate as chair, effective April 30, and Shawn Harris resigned, effective April 14;
  • Individual Living Benefits Experience Subcommittee: Frédéric Jacques and Martin Vézina both resigned, effective April 21;
  • Group Annuitant Experience Subcommittee: Mario Robitaille resigned as chair, effective May 8;
  • Op-Ed Committee: Don Tettmar resigned, effective May 21.