There are many lessons that can be learned from managing an in-force business, making a seasoned in-force management professional an asset to any organization. A well-run organization will ensure that sharing insights with new business onboarding teams is crucial and will put the formal processes in place to do so.
Reserve funds are used by condominiums to manage future repair and replacement costs. Actuarial work has traditionally been associated with reserves for insurance companies – but can these techniques be applied to condo reserves as well? Jon Juffs, co-author of a new CIA research paper, and Thomas Wendling, POG member for this research project, say yes.
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.
Canada defeated the United States in World Cup qualifying this past weekend while I spent my time looking at the 2020 causes of death in the two countries.
The Canadian Institute of Actuaries (CIA) is proud to give its support to the final report of the Office of the Superintendent of Financial Institutions (OSFI) and the Bank of Canada’s climate scenario analysis pilot, released in January 2022. The report, the first of its kind in Canada, assesses and discloses climate transition risk associated with six major financial institutions and...
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