When risk managers are thinking about risks, cognitive biases that focus on recent risks often come into play. Train yourself to think with a longer time horizon, strategically, and in a way that allows risks to interact in combination with one other. The companies that encourage this are more likely to survive and make better decisions that allow them to thrive.
Continuing the line of the Canadian Insurance Industry Monthly Aggregate Data Analysis series is the fifth report from the CIA, providing updated data to the end of December 2021. Using aggregate data collected from Canadian life insurance companies, the latest report shows that Canada has experienced five distinct waves of COVID-19 infections and deaths. Data is still being collected for the...
New research by the Canadian Institute of Actuaries reveals that low reserve fund contributions will likely lead to overwhelming annual increases and require lump-sum payments from owners to cover shortfalls, and could potentially lead to the loss of homes, especially in the context of rising interest rates.
Climate risk, cyber concerns, and financial volatility are the top emerging risks according to an annual survey of risk managers.
Despite the ongoing disruptions of COVID-19, 2021 has proven itself to be another big year of outputs for CIA research. With over 25 reports published in the year to date and more projects on the horizon, the Institute continues to position itself as a voice of research authority. Join us in looking back at the top 10 research publications of 2021.
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