As we collect our thoughts for our actuarial memoirs about how we survived the pandemic of 2020, a question may arise as to how we met our professional obligations during these unsettling and unexpected times.
Lapse/persistency considerations in the time of COVID-19
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.
Reflecting on the AGM, the annual report, and my year as CIA President
In this June article – my last as President – I’m pleased to share with you the latest news on the Institute. We recently held our Annual General Meeting (AGM) and Board meeting. In addition, our annual report has just been posted online.
Considerations for financial condition testing in 2020 given the COVID-19 pandemic
By Michelle Lindo, FCIA, Chair of the Committee on Risk Management and Capital Requirements Which items should we pay special attention to in the FCT this year given that we are in the midst of the COVID-19 pandemic? Adjustments to the base scenario Typically, the base scenario is based on the business plan. It is possible that the business plan does not yet reflect any adjustments for COVID-19...
How will P&C actuaries respond and react to the emerging changes to the economy?
By Houston Cheng, FCIA, Chair of the Property and Casualty Insurance Financial Reporting Committee, and Chair of the P&C Insurance Subcommittee of the Committee on Continuing Education The Property and Casualty Insurance Financial Reporting Committee (PCFRC), along with other CIA councils and committees, have had many discussions on how actuaries might respond and react to the emerging...
