Despite being associated with a more comfortable, confident retirement, more than half of Canadians do not have a financial plan for their retirement, which results in most retired Canadians having less income in retirement than they did when working. Compared to 80% of individuals who do have a plan and expect to live comfortably in retirement, this is a discrepancy that may indicate an earlier...
Many Canadians underestimate the risks associated with old age illnesses or the likelihood that they will require long-term care in their later years. A significant number also lack understanding of the costs associated with long-term and in-home nursing care. While some Canadians are planning for their long-term care needs, many more are left unprepared and ill-equipped to face the challenges of...
Actuarial interest in COVID-19 is being approached from several angles: the impact on longevity and healthcare costs, the effect on insurance and benefit plans, and the economic disruption that could shape long-term investment returns, pricing, and funding. Yet even with all this to consider, there are still other areas that could benefit from the application of actuarial expertise, such as the...
Despite our ability to adapt and science’s best efforts to keep up, unpredictable variables have made forecasting the pandemic’s future outcomes a challenge. To understand the COVID-19 pandemic in the face of uncertain factors, the CIA put together a Pandemic Modelling Project Team to analyze scenarios for Ontario where key assumptions are varied, and to present outcomes of the pandemic in the...
Promoting the expertise of actuaries to the public is one of the CIA's priorities. As the profession's profile continues to heighten, it is with pride that we highlight the impactful contributions and influence of our members at home and abroad.
Canadian Institute of Actuaries
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