The experience related to the impact of COVID-19 on lapse/persistency of life and health insurance contracts is just starting to emerge and life insurers are monitoring this experience closely. Amal Rajwani and Dan Doyle discuss short-term and long-term considerations in relation to lapse and persistency.
Mitigating risk while it happens: ERM resources
This article originally appeared on the CIA COVID-19 Hub. There is no better case for the widespread implementation of ERM frameworks in business than the virulence of COVID-19. Generally applied as an approach to mitigate risks before they happen, enterprise risk management might still find relevance as a useful function in minimizing disruption...
COVID-19 Statistics and Analysis – Eckler and QED Actuaries and Consultants
This article originally appeared on the CIA COVID-19 Hub. Eckler and QED Actuaries and Consultants have developed a report that summarizes statistics on the COVID-19 pandemic. This report will be updated as frequently as daily, and the CIA will provide access to the latest version through the COVID-19 Hub under Links and Resources. Working with publicly available data, the...
Climate change survey indicates need for better guidance and information
A 2019 survey of CIA members on climate change risks shows that less than one-third of respondents or their companies account for this emerging risk. However, a large percentage of respondents agree that guidance and education about the materiality of climate change risks may help with this type of risk disclosure.
CIA Board of Directors: Behind the scenes
We all know the overarching responsibility of the CIA Board is to oversee the strategic direction and governance of the CIA, working with councils and Head Office to help carry out the CIA’s vision of financial security for Canadians
