Description: Canada has been proactive in establishing governance frameworks for reinsurance transactions. Initiatives from individuals, the Office of the Superintendent of Financial Institutions OSFI and the Canadian Institute of Actuaries CIA have addressed concerns about and scrutiny of reinsurance transactions from worldwide securities and insurance regulators, rating agencies and the media. It is important to note that actuaries have played a vital role in identifying and developing these initiatives and will continue to have a major influence in further development of governance standards and in providing education. From The Actuary Magazine June 2007

Description: Actuarial modernization is defined as a significant step change in an organization's productivity resulting from improvements to the operating model (people, processes, and technology). As an integral part of insurance companies, actuarial departments play a crucial role in the ongoing change of the industry. This webcast will define this transformation, including who is involved, and provide examples on how it is being implemented.

Description: This document is a research study conducted by Derrick FUNG Wing Hong, PhD, FSA, CERA, from The Hang Seng University of Hong Kong, sponsored by The Society of Actuaries Research Institute. It investigates the impact of COVID-19 on insurers and the relationship between Enterprise Risk Management (ERM) sophistication and insurers' resilience.

Description: Attend this webcast to learn more on how to navigate managing ESG principles in the new normal of a post-COVID world. Enhance your ESG insights in a post-pandemic landscape.

Description: The SOA Research Institute’s Committee on Finance Research is pleased to make available a paper that specifies general considerations to guide the development of a methodology to attribute spread to different investment risks related to AG53.

Description: Learn about the innovations of life & health products and distribution in the Asia market.

Description: Accounting Standards Update No. 2018-12, Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI) has been effective for most large, public business entities since 2023 and will be effective for other insurers in 2025. While the guidance clarifies the need for incorporating claim liabilities and premium accrual balances in the liability for future policy benefits (LFPB) under LDTI, companies may still have questions given there are limited details available around the techniques used in practice. In this article, we demonstrate the need for incorporating claim liabilities and premium accrual balances in the LFPB under LDTI. We also look at two potential approaches of incorporating these accrual balances.

Description: In this article, the authors recap the 2009 Asian IFRS.

Description: This report provides a resource guide for asset-liability management practitioners, including methodology reviews, a survey of ALM practices, and guidance for applying ALM questions to real-world situations.

Description: Chairperson's column reporting on section meetings, resources and more.