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Actuarial Issues at OSFI. Ontario Conference of Casualty Actuaries David Oakden December 6, 2006. Actuarial Issues at OSFI. Organization Current Issues International Developments. OSFI Org Chart. Supervision Sector. Regulation Sector. Actuarial Division. Actuarial Responsibilities.
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Actuarial Issues at OSFI Ontario Conference of Casualty Actuaries David Oakden December 6, 2006
Actuarial Issues at OSFI • Organization • Current Issues • International Developments
Actuarial Responsibilities • 50% Supervision • 50% Regulation
Current Issues • Fair Value Option • AuG – 43 / External Review • In Canada Business • Earthquake • AAR Memorandum • AA Interviews • DCAT Memorandum? • Target MCT Ratios • Use of Financial Models
International Issues • Financial Reporting Standards • Canadian Accountants will use IASB Standards • Actuarial Standards • How to define Market Value Margins • Market Rates vs Portfolio Rates • Who sets actuarial standards • CIA • IAA • Something New