Professional Development
 
2016 AE Semniar Banner

Toronto : St. Andrew's Club & Conference Centre – 150 King Street West


Program

Thursday, September 22, 2016

16:30 – 18:30 Meeting of the Committee on Actuarial Evidence

Observers are welcome.

Friday, September 23, 2016

7:30 – 16:00        Registration and CIA Information Desk

7:45 – 8:30          Buffet Breakfast

8:30 – 8:45          Opening Remarks and Seminar Overview
Speaker: 
Craig Allen (FCIA), chair, Actuarial Evidence Committee

8:45 – 9:45          Session 1 • New Ontario Auto Insurance Regulations – the Impact on Tort Claims
Moderator:
Craig Allen (FCIA), senior consultant, Commonwealth Research Group
Speaker:
Audrey P. Ramsay*, lawyer, Blouin Dunn 

Effective June 1, 2016, benefit changes under Ontario Regulation 251/15 came into effect, making significant changes to the no-fault benefits available to automobile accident victims in Ontario. These changes are expected to have a consequential impact on compensation under the tort remedy. Audrey Ramsay, past chair of the Ontario Bar Association Insurance Law Section, will examine the implications of these changes and the impact on Actuarial Evidence practice.

9:45 – 10:30           Session 2 • Methods to Project the Educational Attainment of Minors
Moderator:

Guy Martel (FCIA), actuary, GML Actuaries
Speaker:
Laura Weir*, consulting economist, Economica

In accidents involving minors, a forecast of the future educational attainment of the minor is a key factor in evaluating loss of earning capacity. This session will outline methods used to make those forecasts.

10:30 – 10:45        Networking Break

10:45 – 11:30        Session 3 • Inflation in the Cost of Care
Moderator: 

Tom Schinbein (FCIA), Thomas Schinbein Actuarial Services
Speaker:
Peter Coyte*, professor, Institute of Health Policy, Management and Evaluation, University of Toronto
 

Life care plans make projections of care needs based on current costs and technology. In this session, Professor Coyte will discuss his work in projecting changes in costs of care that reflect cost factors other than general inflation. He will offer an overview of past health expenditure trends, forecast trends into the future, and outline the associated implications for the determination of discount rates for future care costs.

11:30 – 12:15       Session 4 • Statistics Canada Data – National Household Survey and the 2016 Census
Speakers:
Amelia Burns*, actuarial analyst, GML Actuaries
Maryse Larouche (FCIA), co-founder, GML Actuaries

This session will discuss current developments in Statistics Canada data, with a focus on the 2011 National Household Survey and the upcoming data from the 2016 census.

12:15 – 13:30       Luncheon - Michel Simard, CIA Executive Director, will provide an update on CIA Activities

13:30 – 14:30       Session 5 • Wearing Two Hats: The Consultative and Testimonial Roles of an Expert
Moderator: 
Kelley McKeating (FCIA), McKeating Actuarial Services
Speaker:
Andrew Murray*, partner, Lerners Lawyers

The actuarial evidence (AE) standards of practice require that our AE work be independent and objective and that we not advocate for one side in a dispute. However, the standards also permit us to provide “litigation advice” that is not subject to those requirements or to any other aspect of the standard. Such litigation advice might involve assisting a lawyer in preparing to cross-examine another expert and rebut that expert’s opinion, or it may simply involve helping your client to understand the position of the other side. A respected personal injury lawyer will offer insights into if and how an expert can perform these two distinct functions on the same file. The session will include practical tips and time for questions.

14:30 – 15:30       Session 6 • Innovation and the Actuary – Towards a 21st-Century Justice System
Moderator:

Craig Allen (FCIA), senior consultant, Commonwealth Research Group
Speaker:
Chris Bentley*, executive director, Legal Innovation Zone and Law Practice Program, Ryerson University, former Attorney General of Ontario

Innovation in technology and dispute resolution practices is creating exciting opportunities to modernize Canada’s legal system. Former Ontario Attorney General Chris Bentley leads the Legal Innovation Zone at Ryerson University, an incubator that provides working space and resources to companies and individuals working on ideas for justice and legal system solutions. Equally, the facility partners with organizations, governments, and the legal community to identify and support their legal innovation priorities. Mr. Bentley will describe the opportunities for actuaries to contribute to the development of a 21st-century justice system in Canada.

15:30 – 15:45       Networking Break

15:45 – 16:45       Session 7 • The Draft Standard on Use of Models
Moderator:

Pat Johnston (FCIA), principal and actuary, Pension Strategies
Speaker:
Bob Howard (FCIA), chair of the Designated Group, Standards on Modelling, Actuarial Standards Board 

The Actuarial Standards Board (ASB) has established a designated group to develop a standard on the use of models. During this session, Bob Howard, chair of the designated group and Pat Johnston, Actuarial Evidence practitioner and member of the designated group, will discuss aspects of the proposed standard. The designated group is seeking feedback from CIA members on the most recent exposure draft.
 

Saturday, September 24, 2016

8:00 – 8:45              Buffet Breakfast

8:45 – 9:30              Session 8 • Change in the Making in Québec
Speaker:
Louis Martin (FCIA), president and actuary, Groupe-conseil CGAS
 
On January 1, 2016, a new Code of Civil Procedure became effective in Québec, aiming at making the civil justice system more accessible, while protecting the rights of all parties to state their claims before a court. This session takes a bird’s-eye view of some of the code’s aspects that may affect the work of actuaries.

9:30 – 10:00           Session 9 • Mortality Assumptions, Marital Breakdown in Ontario
Speaker:

Teck Go (FCIA), chief actuary, pensions (acting), Financial Services Commission of Ontario (FSCO)

On December 10, 2015, FSCO filed regulation 391/15, amending the mortality table assumptions prescribed for pension valuations in marital breakdown proceedings in Ontario. Teck Go, acting chief actuary for pensions at FSCO, will provide an overview of the new regulation and will take questions.

10:00 – 10:15         Refreshment Break

10:15 – 11:15         Session 10 • Tax Adjustment Calculations in Ontario Marital Breakdown Proceedings
Speakers:

Jay Jeffery (FCIA), principal, Dilkes, Jeffery & Associates
Peter Martin (FCIA), founder, Golden Actuarial Services

Ontario’s Bill 133 has brought to light philosophical differences among practitioners on various approaches to determining tax gross-ups on transfers of pension and RRSP assets in marital breakdown proceedings. In this session, Jay Jeffery and Peter Martin will discuss alternative approaches to those calculations.

11:15 – 11:45          Session 11 • Update from the Committee on Actuarial Evidence
Speaker:

Craig Allen (FCIA), chair, Actuarial Evidence Committee

The chair of the Actuarial Evidence Committee will provide an update on the committee's recent activities and a summary of its plans and priorities for the coming year. This is your opportunity to ask questions and give comments.

11:45 – 12:00         Concluding Remarks
Speaker:
Craig Allen (FCIA), chair, Actuarial Evidence Committee


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