A new report out today from the Canadian Institute of Actuaries (CIA) highlights data aggregated from 13 insurance companies in Canada for January to June 2020. Individual life insurance claims increased in April and May, at the height of the first wave of COVID-19, compared to the same period in 2019. The percentage of claims that could be attributed to COVID-19 also reached over 12% in April.
New report finds that more Canadians should delay CPP payments
Ottawa, July 29, 2020 – A new report by the Canadian Institute of Actuaries (CIA) and the Society of Actuaries investigates the financial considerations of delaying Canada Pension Plan (CPP) payments and looks at the risks and opportunities associated with this delay. The CPP Take-Up Decision, authored by Bonnie-Jeanne MacDonald, FCIA, aims to better inform the decisions of Canadians for whom...
New COVID-19 mortality model
Terry Narine, FCIA, designs robust tool to capture ultimate extra deaths as a result of COVID-19.
SOA/CIA study offers first glimpse into use of predictive analytics in Canadian life insurance industry
Predictive analytics offers the tools needed to implement a wide variety of valuable applications in the life and health insurance industry. How are Canadian life insurance organizations taking advantage of these tools?
Mitigating and Adapting to Climate Risk
cross the country, an increase in the frequency of extreme weather events means Canadian homeowners, communities, governments, and businesses face higher social and financial costs in recovering from weather-related damage. Flooding has emerged as the most pervasive natural disaster in the country.
