TagActuarial evidence

Actuarial evidence with a twist

About 10 years ago I received a call from a lawyer looking for help in determining the expected number of members in a class action. It was a historical action dating back to the 1940s. My mandate was to determine the number of Indigenous children who attended one of several schools from the 1940s to the 1990s. That number, then, was to be split between surviving and deceased students as of 2010...

The diverse challenges of actuarial evidence

Although it is one of our smaller practice areas, the actuarial evidence (AE) field has no shortage of interesting challenges. Amelia Burns, FCIA and a member of the Actuarial Evidence Committee, provides an overview of some of the current issues in AE and how they are being resolved.

COVID-19 and the oil shock: the case for a black swan event

By Terence Narine, FCIA The content of this article should not be construed as an actuarial opinion or guidance on actuarial work. I do not have experience in some of the practice areas mentioned in this article, so my comments are made from the perspective of someone outside these areas. A black swan event can be viewed like the 1-in-200-year flood that we risk managers agonize over; a rare...

Making the case for actuaries in banking

In May 2019, more than 50 actuaries from actuarial organizations around the world gathered with bankers in Washington, D.C. for a day-long seminar focused on the evolution of analytics and risk management in banking and how the actuarial skill set aligns with the talent needs in the banking sector.

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