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Canadian Institute of Actuaries. L’Institut canadien des actuaires. 2008 General Meeting Assemblée générale 2008 Toronto, Ontario. Report on CIA Group Committee. Gen O8 - November 2008 Gary Walters. CIA Group Committee Mandate. The Group Committee will:
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Canadian Institute of Actuaries L’Institut canadien des actuaires 2008 General Meeting Assemblée générale 2008 Toronto, Ontario
Report on CIA Group Committee Gen O8 - November 2008 Gary Walters
CIA Group Committee Mandate • The Group Committee will: • Provide a resource on Group Insurance to existing CIA committees: • as a source of volunteers on Group Insurance specific topics, • a source of advice on the special circumstances of Group insurance and • to review standards of practice, education and study notes for their applicability to and impact on Group • Act as a resource in disseminating information, providing advice and promoting continuing education on Group topics to the CIA membership • Provide a means to initiate Group related activities within the CIA on subjects which are most important to Group actuaries • Encourage Group actuaries to be more involved and engaged with the CIA
CIA Group Committee Membership • Linda Maillett • Shannon Patershuk • Denis Garand • Rob Hinrichs • Bruce Langstroth • Jeff Neufeld – Vice-Chair • Andrew Ryan • Gary Walters – Chair • Vacancy for consultant – anyone interested?
Group Committee Activities • Resource to CIA Committees • Assisted research committee in getting Group LTD experience committee back in action • Assisted capital committee in review of new approximations for Group in MCCSR mortality • Provided support in development of Group Skill & Knowledge Inventory • Ideas for sessions for program committee • CLIFR re new Group Valuation Education note
Group Committee Activities • Dissemination of Information • Set up group Actuary List-server • Used sparingly for important information • AD&D court decisions • Group SKI • CLHIA Risk Concentration form
Group Committee Activities • Instigate Group relevant activities • Investigation Task Force re support that CIA can provide those actuaries doing post employment benefit valuations • Task force on Sources of Earnings for Group • Discussion with Capital Committee re MCCSR morbidity factors
Group Committee Activities • Encourage greater involvement from Group Actuaries • ???? • Future • Need for DACT guidance for Group? • Need review of PfAD guidance for Group? • Other ideas?