As the Actuaries Climate Index and other climate-related measurements continue to tick upwards, the question is what do we do with these data? Are Canada and the provinces putting enough effort towards adapting our infrastructure to the potential consequences of climate change? How can Canadian actuaries get more involved in climate-related risk management and apply their expertise to the...
Pension stakeholders, including the CIA, have had concerns about the lack of harmonized regulatory processes across Canada for many years. Canada has moved to a new funding regime for defined benefit (DB) pension plans aimed at strengthening the going concern funding requirement through the addition of a funding margin, known as the provision for adverse deviations, or PfAD. Jurisdictions across...
Many countries have experienced excess general population deaths in 2020 due to COVID-19, but do excess deaths in the general population translate into additional life insurance claims?
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...
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