The Canadian Institute of Actuaries (CIA) is proud to give its support to the final report of the Office of the Superintendent of Financial Institutions (OSFI) and the Bank of Canada’s climate scenario analysis pilot, released in January 2022. The report, the first of its kind in Canada, assesses and discloses climate transition risk associated with six major financial institutions and...
From pensions and climate change to enterprise risk management (ERM) and banking, we broadened the bounds, pushing the profession to even further limits.
With traditional banking models under increasing threat the demand for actuarial expertise is growing. Many actuaries have the analytical know-how to be successful in banking - what often lacks is the support and public awareness to get there.
By Terence Narine, FCIA The content of this article should not be construed as an actuarial opinion or guidance on actuarial work. I do not have experience in some of the practice areas mentioned in this article, so my comments are made from the perspective of someone outside these areas. A black swan event can be viewed like the 1-in-200-year flood that we risk managers agonize over; a rare...
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