There are signs that inflation may be making a comeback, after years of being considered fairly benign. This will have implications for a number of sectors, and may present particular challenges for pension actuaries. In this episode, CIA member François Bourdon, FCIA, and economist Sohini Chowdhury join us to discuss why inflation may be a greater concern in the near term, and the implications...
Climate-related scenario analysis for Canadian financial institutions
Climate-related financial risks have emerged as some of the most important topics among risk professionals. While plenty of material has been produced to provide essential learning about the sources and definitions of climate-related risk, a practical climate-risk exercise focused on the Canadian financial system was notably absent. The 2021 Bank of Canada (BoC)/Office of the Superintendent of...
You’re over it. Now what? – Moving forward in a post‑COVID‑19 era
Let’s face it: 2022 has gotten off to a challenging start for many. The effects of the global pandemic are still being felt in many work, home, and life situations. Even those who are back in a regular routine may be fatigued and burned out. These days, it is not uncommon to hear that people are just ‘over it.’ Fed up, frustrated, exhausted, and at the end of their rope. So what do we do now? How...
The Actuarial Aspects of ERM
Lower COVID-19 claim counts with higher claim amounts in the latest pandemic waves
Continuing the line of the Canadian Insurance Industry Monthly Aggregate Data Analysis series is the fifth report from the CIA, providing updated data to the end of December 2021. Using aggregate data collected from Canadian life insurance companies, the latest report shows that Canada has experienced five distinct waves of COVID-19 infections and deaths. Data is still being collected for the...