Despite our ability to adapt and science’s best efforts to keep up, unpredictable variables have made forecasting the pandemic’s future outcomes a challenge. To understand the COVID-19 pandemic in the face of uncertain factors, the CIA put together a Pandemic Modelling Project Team to analyze scenarios for Ontario where key assumptions are varied, and to present outcomes of the pandemic in the...
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...
Terry Narine, FCIA, designs robust tool to capture ultimate extra deaths as a result of COVID-19.
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...
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