Description: Details on the Retirement Section Council and the direction we're moving for our members.

Description: The implementation of the IFRS 17 insurance accounting standard has brought significant changes to the financial reporting landscape of insurance companies. With new disclosure requirements and altered profit analysis, understanding and interpreting future profitability have become a topic of concern for the industry. While stability remains a key objective for insurance companies, the earning patterns might become more volatile especially when the contractual service margin (CSM) is exhausted, and a loss component (LC) needs to be established. Reinsurance, a common risk mitigation tool, can play a pivotal role in managing earnings volatility and minimizing losses for onerous measurement units. In this article, we propose a new key performance indicator (KPI) called “loss recoverability” to assess the performance of reinsurance treaties in achieving these objectives. We explain how this KPI can be utilized in multiple scenarios to evaluate the effectiveness of reinsurance strategies and pursue stability in earning patterns.

Description: Actuaries interested in professionalism issues that arise in the application and communication of actuarial analysis and expert judgment won't want to miss this webcast. Our presenters are experienced investment actuaries with diverse professional backgrounds including modeling and education. Join us as they share case study topics that will be of particular interest to the practice areas of investment, risk modeling and professional education. Case studies will focus on code of conduct, ASOPs and ethics. One case study will be in a pension context.

Description: 2021 ImpACT Conference -Session 9A: Ethics for Pension Actuaries 10.28.21 Recording

Description: Interview with the current Chair of the Retirement Section Council, describing the work of the Council and other topics.

Description: We stand for respect and equality. We are committed to doing all we can to ensure that our profession reflects the diverse perspectives, cultures and backgrounds of the members and candidates.

Description: 2021 ImpACT Conference - Session 14C: Professionalism: Actuaries vs. the Code 10.29.21 Recording

Description: 2021 ImpACT Conference - Session 1C: GREAT DEBATE: There Exists an Actuarial Profession: Yes or No 10.25.21 Recording

Description: 2021 ImpACT Conference - Session 12E: AITSC Present II – Actuarial Innovation and Technology Research Roundtable 10.29.21 Recording