By FCIAs Robert Berendsen and Catherine Sun Effective January 1, 2023, insurers that report on an International Financial Reporting Standards (IFRS) basis are required to apply IFRS 17 Insurance Contracts (IFRS 17). In adapting to IFRS 17, the Office of the Superintendent of Financial Institutions (OSFI) has revised the Life Insurance Capital Adequacy Test (LICAT) 2019 guideline and published...
By Sheng Tseng, FCIA My early career path The first phase of my actuarial career should be relatable to most actuaries. I graduated with an actuarial science degree and passed some SOA exams, then joined a large insurance company in their actuarial rotation program. A few years later I moved to an international actuarial consultancy where I was involved with a number of traditional and non...
Diversity, equity and inclusion – commonly known as DEI – has been a burning issue in recent years. As actuaries, we may be wondering how to best incorporate a DEI program into our own organizations.
The 2019 Canadian federal budget introduced the concept of variable payment life annuities, or VPLAs, a mechanism by which pension plans could pool longevity and investment risks. To better understand how to design these types of plans, the CIA and the Society of Actuaries co-sponsored a research project to investigate the different elements of these arrangements. In this episode, FCIAs Jean...
The next generation of older workers will behave differently. We need to discuss how to change the parameters of retirement to adapt to these changes.
Canadian Institute of Actuaries
360 Albert Street, Suite 1740
Ottawa, Ontario K1R 7X7
SeeingBeyondRisk@cia-ica.ca