The process for credit provisioning at banks has similarities with the insurance reserving process that will seem familiar to many actuaries. In this episode, we hear from Mike Donovan and Erik von Schilling, FCIA, as they discuss what is changing with credit provisioning under IFRS 9, and how actuarial skills can potentially be useful in this area.
The CIA has released a public statement entitled “Pharmacare: Is There a Pill for That?” outlining the profession’s thoughts on how a nationwide framework to provide prescription drug coverage for Canadians should be structured. In this episode, we hear from Paul Kennedy, FCIA, a member of the task force that authored the statement, as he outlines some of the statement’s key messages.
The principle that all Canadians should have access to affordable health care is a deeply rooted Canadian value. This is why, for more than 50 years, studies commissioned by the federal government have come back saying the same thing – prescription drugs should be part of medicare. And, if you asked most Canadians today, they would support the principle that all of us should have access to the...
With traditional banking models under increasing threat the demand for actuarial expertise is growing. Many actuaries have the analytical know-how to be successful in banking - what often lacks is the support and public awareness to get there.
Teams are preparing for the worst while strategizing for the best outcomes in this snapshot of risk management preparedness. Climate change continues its reign as the top emerging risk in the 14th Annual Survey on Emerging Risks: Key Findings, while ‘pandemic/infectious diseases’ make its debut as a top risk, ranks third.
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