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...
Frank Grossman, FCIA, joins us to share the findings of a recent CIA survey examining the ethical issues encountered by members within the profession and the extent to which these issues might pose an ethical problem for the actuarial profession over the next five years.
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.
As Chair of the CIA Task Force on Diversity, Jacqueline Friedland shares the goals and initiatives undertaken by the task force to date.
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