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TagLife insurance

Lower COVID-19 claim counts with higher claim amounts in the latest pandemic waves

Continuing the line of the Canadian Insurance Industry Monthly Aggregate Data Analysis series is the fifth report from the CIA, providing updated data to the end of December 2021. Using aggregate data collected from Canadian life insurance companies, the latest report shows that Canada has experienced five distinct waves of COVID-19 infections and deaths. Data is still being collected for the...

5 lessons of in-force management for life insurance

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.

A race to the finish line

The end is in sight for the implementation of IFRS 17, scheduled to take place on January 1, 2023. To get a view of the state of affairs on this project, we sat down with the Co-Chairs of the IFRS 17 Steering Committee, Les Rehbeli, FCIA, and Sati MacLean, FCIA.

How actuaries can help manage longevity risk

Longevity risk is the danger that we outlive our retirement savings. This involves the ensuing challenge to maintain the standard of living that we are accustomed to or afford the ever-increasing health care and retirement housing costs. Can actuaries help the public avoid this issue?

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Canadian Institute of Actuaries
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SeeingBeyondRisk@cia-ica.ca