On a scorching day in August 2012, Donald Blue received a phone call that altered the rest of his professional life.
WSIB’s unfunded liability – An actuary’s role in its recovery
ISAP 6 and standards for ERM
The Actuarial Standards Board is in the process of adding Part 8000 to the CIA Standards of Practice, which will cover enterprise risk management, and draws from the sixth International Standard of Actuarial Practice.
CIA statement – Big data’s position in insurance ratemaking
Earlier this year, the Canadian Institute of Actuaries (CIA) issued a statement on the growing interest in using big data in insurance ratemaking.
Finding the balance: Personalization of risk and risk pooling
The latest buzz phrase in the insurance industry is “embedded insurance,” which presents an opportunity to seamlessly offer protection in real time given a proactive approach to risk management. Underpinning embedded insurance is the ability to personalize insurance. This requires that customers understand the necessity of sharing more data with their insurance providers.
Survey of Emerging Risks – Risk Combinations
When risk managers are thinking about risks, cognitive biases that focus on recent risks often come into play. Train yourself to think with a longer time horizon, strategically, and in a way that allows risks to interact in combination with one other. The companies that encourage this are more likely to survive and make better decisions that allow them to thrive.
