With implementation of IFRS 17 on the horizon, the Office of the Superintendent of Financial Institutions (OSFI) has released its final insurance capital guidelines. Learn the key points of the guidelines and prepare for the changes coming on January 1, 2023.
There are signs that inflation may be making a comeback, after years of being considered fairly benign. This will have implications for a number of sectors, and may present particular challenges for pension actuaries. In this episode, CIA member François Bourdon, FCIA, and economist Sohini Chowdhury join us to discuss why inflation may be a greater concern in the near term, and the implications...
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.
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.
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