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...
Longevity risk is the danger that we outlive our retirement savings. This involves the ensuing challenge to maintain the standard of living that we are accustomed to or afford the ever-increasing health care and retirement housing costs. Can actuaries help the public avoid this issue?
Since 2016, the CIA and its partners have released data from the North American Actuaries Climate Index (ACI) every quarter. The most recent release continues the tradition. But what can you do with this data? What does it mean? We caught up with members of the CIA’s Climate Change and Sustainability Committee (CCSC) to learn more about the ACI and help find out how you can make the most of it.
Teams are preparing for the worst while strategizing for the best outcomes in this snapshot of risk management preparedness. Climate change continues its reign as the top emerging risk in the 14th Annual Survey on Emerging Risks: Key Findings, while ‘pandemic/infectious diseases’ make its debut as a top risk, ranks third.
A 2020 survey of CIA members shows that just under one third of respondents account for climate change risks in their actuarial work, a proportion similar to that indicated in a 2019 survey. These results point to a continued need in the profession for additional information and guidance on the subject.
Canadian Institute of Actuaries
360 Albert Street, Suite 1740
Ottawa, Ontario K1R 7X7
SeeingBeyondRisk@cia-ica.ca