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TagPredictive modelling

Public health-care modelling in Canada – An inside look

Despite a collective interest in modelling public health-care costs in Canada, actuaries have had limited opportunities to get involved in the process. Stafford Dean, Senior Program Officer for Analytics at Alberta Health Services, joins us for the first episode of 2022 and shares an insider’s look at the modelling being done within the public health sector.

Long Live Rock

The Rolling Stones are back on tour this fall, despite the recent passing of drummer Charlie Watts, proving that old age and impending mortality don’t have to be impediments when it comes to being a rock star. But they’re not the only ones. Several performers from the classic rock can still be seen making new music and touring, even as they reach ages when most of us hope to be well into...

AI ethics and regulation in insurance: Actuaries uniquely positioned for success

With the increasing use of AI within both the private and public sectors, regulations and laws to address the appropriate collection and use of data are being proposed and passed within Canada and across the world. Beyond the expected regulatory burden that will face companies using AI, there is an ethical component as well. Insurers have historically built their business on the idea of “fair...

Preparing for future pandemics with a risk management framework

Actuarial interest in COVID-19 is being approached from several angles: the impact on longevity and healthcare costs, the effect on insurance and benefit plans, and the economic disruption that could shape long-term investment returns, pricing, and funding. Yet even with all this to consider, there are still other areas that could benefit from the application of actuarial expertise, such as the...

COVID-19 Modelling: The Story Behind the Headline

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...

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