THURSDAY, JUNE 20, 2013
07:00 – 17:30 Registration and CIA Information Desk
07:00 – 08:00 Hot Buffet Breakfast
07:45 – 09:00 General Business Session
General Business Session (session taped and interpreted)
Practice Area: General
Relevant to: All
Speakers:
Simon Curtis, President, Canadian Institute of Actuaries
Martin Roy, CIA Secretary-treasurer
Jeremy Bell, chair, 2013 Annual meeting
Jacques Tremblay, incoming president-elect
Micheline Dionne, president, Committee on International Relations (CIR)
Bruce Langstroth, chair, Practice Council (PC)
Marc-André Melançon, chair, Member Services Council (MSC)
Larry Miller,chair, Elections Committee
David Pelletier, chair, Actuarial Standards Board (ASB)
Jason Vary, chair, Eligibility and Education Council (EEC)
AGENDA
- Election Results Report
- Address by the President-Elect 2013–2014
- Secretary-Treasurer’s Report and Appointment of CIA Auditor
- Update from the ASB
- Reports from Councils
- Discussion and Vote on Amending Bylaw 2013-1
- Question Period
- Housekeeping remarks from the Annual Meeting Chair
- Other Business
09:15 – 10:30 Concurrent Sessions
Session 2 • CIA Update on Key Activities
Council updates on strategy
Practice Area: General
Relevant to: All
Moderator:
Michel Simard, executive director
Speakers:
Simon Curtis, President
Jacques Lafrance, President-elect
Michel Simard
Micheline Dionne, president, Committee on International Relations (CIR)
Bruce Langstroth, chair, Practice Council (PC)
Marc-André Melançon, chair, Member Services Council (MSC)
Jason Vary, chair, Eligibility and Education Council (EEC)
Session 3 • PPFRC Update
Practice Area: Pension
Relevant to: Pension actuaries
Moderator:
Charlene Moriarty (FCIA), principal, Morneau Shepell
Speakers:
Alexandra (Alex) Leslie (FCIA), partner, Mercer Canada
Manuel Monteiro (FCIA), partner, Mercer Canada
Session 4 • Climate Change Research
Practice Area: P&C
Relevant to: Life, Pension Actuaries
Level: Intermediate (please look over the report as preparation for the session)
Speaker:
Caterina Lindman (FCIA), member, Casualty Actuarial Society (CAS) Climate Change Committee, and Chair, CAS Actuarial Climate Volatility Index Subcommittee
Session 5 • Are Defined Benefit Medical/Dental Plans on the Road to Extinction Like their Pension Cousins?
Practice Area: Group Life & Health
Level: Moderate
Moderator:
Michel Allain (FCIA), vice-president, actuarial services and group insurance Assumption Mutual Life
Speakers:
John Moore*, vice-president of business development, Johnston Group
Gary Walters (FCIA), senior vice-president of pricing and group reinsurance, RGA Life Reinsurance
Session 6 • Hedging Long-Term Insurance Risks
Practice Area: Investment
Relevant to: Insurance, ERM
Level: Moderate
Moderator:
Mathieu Boudreault (ACIA), chair, CIA Academic Relations Committee, and professor, actuarial science, department of mathematics, Université du Québec à Montréal (UQAM)
Speakers:
Maciej Augustyniak*, PhD student, Université de Montréal
Jonathan Hede (FCIA), vice-president, Nexus Risk Management
Session 7 • Update on the Changes to Exempt Test Rules
Practice Area: Individual Life & Health
Relevant to: ERM, Investment, Reinsurance, Corporate Life & Health
Level: Moderate
Moderator:
Peter Treichel (FCIA), actuary, individual insurance pricing, Canadian division, Manulife Financial
Speaker:
Stephen Krupicz (FCIA), assistant vice-president, special case markets, Manulife Financial
10:30 – 11:00 Networking Break and Trade Show Viewing Time
11:00 – 12:15 Concurrent Sessions
Session 8 • CEO Panel: Sharing Ideas for Success
Practice Area: General Business & Professionalism
Moderator:
Chris Fievoli (FCIA), resident actuary, Canadian Institute of Actuaries
Speakers:
Denis Berthiaume (FCIA), president and chief operating officer, Desjardins Insurance
Sharon Giffen (FCIA), president and chief executive officer, Foresters Life Insurance
Alan Ryder (FCIA), president and chief executive officer, Aurigen Reinsurance
Session 9 • What is the Right “Retirement Age” for Canada?
Practice Area: Pension
Relevant to: Group Life & Health, Investment
Moderator:
June Smyth (FCIA), senior consultant actuary, Baynes & White
Speakers:
Robert L. Brown (FCIA)
Malcolm Hamilton (FCIA)
Session 10 • Model Validation: Know Your Audience and Second Iteration
Practice Area: P&C
Moderator:
Stacey Ling Bai (FCIA), manager, actuarial, The Dominion
Speaker:
Robert Sanche*, assistant vice-president, research & development,Travelers
Session 11 • Healthcare Funding For Developed and Developing Countries
Practice Area: Group Life & Health
Relevant to: All
Level: Moderate
Moderator:
Jeremy Bell (FCIA), partner, George & Bell Consulting
Speakers:
Denis Garand (FCIA), president, Denis Garand and Associates
John Have (FCIA), owner, Have Associates
Session 12 • Advanced Business Analytics for Actuaries
Practice Area: General Business & Professionalism
Relevant to: All
Moderator:
Mike Boot*, managing director of sections and practice advancement, SOA
Speakers:
Mike Boot*
Kevin Pledge*, chief executive officer and co-founder, Insight Decision Solutions
Barry Senensky (FCIA), president, Claim Analytics
Session 13 • Hot Topics in Life Underwriting
Practice Area: Reinsurance
Relevant to: Individual Life & Health
Level: Moderate
Moderator:
Bob Brown (FCIA), chief pricing officer, Aurigen Reinsurance
Speakers:
Bob Brown (FCIA)
Jo-Ann Jolliffe*, vice-president, underwriting, Aurigen Reinsurance
Robert Profumo*, medical director, Aurigen Reinsurance
12:30 – 14:30 Luncheon
New Fellow Awards Ceremony
Master of ceremonies: Marc-André Morel
Luncheon speaker: Eric Garland, futurist, megatrends expert, and author
Tales from the Unexpected Future - It's not that our forecasts are wrong-it's that the future keeps surprising us, teaching us shocking, amusing, and unexpected things about modern life.
That's the conclusion of Eric Garland, a veteran strategic analyst who has forecasted for some of the world's biggest corporations and governments, from Coca-Cola to the Principality of Monaco, for more than 15 years.
To help us see the limits of our predictive abilities, he will bring funny observations and instructive stories about how we get predictions wrong.
From our perennial expectation that information technology will create world peace to the ever-expanding complexities of science and scandalous cross-cultural product names, the history of the future shows us where we get it wrong, and why. In a world where the failure of risk analysis can have serious implications, this presentation will show the lighter side of our intellectual journey, and ways by which we can improve our thinking about the future.
14:45 – 16:00 Concurrent Sessions
Session 14 • Ethical Decision-Making for Actuaries
Practice Area: General Business & Professionalism
Speakers:
Chris Fievoli (FCIA), resident actuary, Canadian Institute of Actuaries
Michel Simard, executive director, Canadian Institute of Actuaries
Session 15 • ASB Notice of Intent: Update to Standards Relating to Economic Reinvestment Assumptions
Practice Area: General Business & Professionalism
Joint with: Corporate Life & Health
Relevant to: ERM, Group Life & Health, Individual Life & Health, Investment
Level: Moderate
Moderator:
Ty Faulds (FCIA), vice-president and corporate actuary, London Life
Speakers:
David Campbell (FCIA), vice-president, CALM process improvement, group finance actuarial, Manulife
Ty Faulds (FCIA)
Alexis Gerbeau (FCIA), associate vice-president, actuarial finance and modelling, corporate actuarial, Standard Life
Session 16 • Latest Developments in Risk Appetite Frameworks
Practice Area: ERM
Joint with: P&C
Relevant to: All
Moderator:
Ashley Goorachurn (FCIA), assistant vice president, financial risk management, Sun Life Financial
Speakers:
Saskia Goedhart*, partner, Ernst & Young
Susan Meltzer*, vice-president of enterprise risk management, Aviva Canada
Session 17 • Group Life and Disability Trends
Practice Area: Group Life & Health
Level: Advanced
Moderator:
Greg Durant (FCIA), chief actuary, Aon Hewitt
Speakers:
Jeffrey Schuh (ACIA), vice-president and actuary, RGA Life Reinsurance
Christina Testa*, senior marketing underwriter, RGA Life Reinsurance
Session 18 • In the CIO Office: Economic Roundtable
Practice Area: Investment
Relevant to: All
Level: Moderate
Moderator:
Patrick Chamberland (FCIA), director, advisory services, risk management monitoring and policies, Caisse de dépôt et placement du Québec
Speakers:
Clément Gignac*, senior vice-president and chief economist, Industrial Alliance
Marc Lévesque*, vice-president, economics and market strategy, PSP
Session 19 - Cancelled
16:00 – 16:15 Networking Break
16:15 – 17:30 Concurrent Sessions
Session 20 • High-Impact Communication
Practice Area: General Business & Professionalism
Relevant to: All
Moderator:
Chris Fievoli (FCIA), resident actuary, Canadian Institute of Actuaries
Speaker:
David Miller*, president, Business Growth Strategies
Session 21• Mock Trial - Pension T. Actuary Takes the Stand!
Practice Area: General Business & Professionalism
Relevant to: All
Cast: Antoine Aylwin*,
partner, Fasken Martineau DuMoulin
Maryse Larouche (FCIA),
co-founder, GML Actuarial Services
Jean-Rémi Mayrand (FCIA),
account director, Towers Watson
Érik Morissette*,
partner, Fasken Martineau DuMoulin
The Honourable Louis-Philippe Landry*,
retired Superior Court Judge (Québec)
Session 29 - Best Practices for Effective Stress Testing
Practice Area: ERM
Relevant to: All
Joint with: P&C
Moderator:
Jay Zhong (FCIA),
director, global capital management, Sun Life Financial
Speakers:
Jacqueline Friedland (FCIA),
partner and P&C actuarial practice leader, KPMG Jocelyn Grira*, senior manager, advisory services and risk consulting, KPMG
Session 23 • Group Insurance Debates
Practice Area: Group Life & Health
Level: Moderate
Moderator:
Edward Kuo (FCIA),
consulting actuary, Towers Watson Speakers:
Jeremy Bell (FCIA),
partner, George & Bell Consulting
Erin Crump (FCIA),
director, group research & development, Munich Reinsurance
Greg Durant (FCIA),
chief actuary, health and benefits, Aon Hewitt
Denis Garand (FCIA),
president, Denis Garand and Associates
Linda Maillet (FCIA),
Blue Cross Life Insurance
Gary Walters (FCIA),
vice-president, group reinsurance, RGA Life Reinsurance
Session 24 • Risk Management Framework of Public Pension Plans
Practice Area: Investment
Relevant to: Pension, Investment, ERM
Level: Moderate
Moderator:
Martin Leroux (ACIA), vice president, policy portfolio and asset-liability management, PSP Investments
Speakers:
Claude Bergeron*, chief risk officer, Caisse de dépôt et placement du Québec
David Long*, senior vice-president and chief investment officer, asset liability management, derivatives and fixed income, Healthcare of Ontario Pension Plan
Session 25 • Life and Living Benefits Products: The Perfect Union?
Practice Area: Individual Life & Health
Relevant to: ERM, Reinsurance, Corporate Life & Health
Level: Moderate
Moderator:
Marc-André Melançon (FCIA), vice-president, development, RGA Life Reinsurance
Speakers:
Frédéric Jacques (FCIA), assistant vice-president, living benefits, Munich Reinsurance
Michael Kirkwood (FCIA), assistant vice-president and actuary, risk management Canada, Manulife Financial
Ron Sanderson*, director, policyholder taxation and pensions, Canadian Life and Health Insurance Association
17:30 – 19:30 Networking Reception
Before heading out to enjoy Montréal’s nightlife, drop by the Networking Reception for light refreshments with old friends and the chance to make new acquaintances.
FRIDAY, JUNE 21, 2013
7:45 – 9:00 Plenary Session
Session 26 – Creating Opportunities through Collaboration Between Academia and the Actuarial Profession
Practice Area: General Business & Professionalism
Relevant to: All
Moderator:
Mathieu Boudreault (ACIA), chair, CIA Academic Relations Committee, and professor, actuarial science, department of mathematics, Université du Québec à Montréal (UQAM)
Speakers:
Mathieu Boudreault (ACIA)
Robert L. Brown (FCIA)
René Delsanne (FCIA), professor, actuarial science, department of mathematics, Université du Québec à Montréal (UQAM)
David Landriault (FCIA), associate professor, department of statistics and actuarial science, University of Waterloo, and Canada Research Chair in Risk Theory
John Dark (FCIA), actuarial & product, Co-operators Life Insurance Company
9:15 – 10:30 Concurrent Sessions
Session 27 • Does Social Media Work?
Practice Area: General Business & Professionalism
Relevant to: to be confirmed
Moderator:
Chris Fievoli (FCIA), resident actuary, Canadian Institute of Actuaries
Speakers:
Kevin Pledge*, chief executive officer and co-founder, Insight Decision Solutions
Rachel Stephan*, president, Les sens créatifs
Session 28 • Super-Size Me: Jumbo Pension Risk Transfer Deals from Around the Globe
Practice Area: Pension
Relevant to: Investment
Moderator:
Patrick De Roy (FCIA), institutional portfolio manager, fixed income, Canada, Pyramis Global Advisors
Speakers:
Scott Campion*, principal, Americas insurance practice, Oliver Wyman, New York
Tom Ground*, head of bulk purchase annuities and longevity insurance, Legal & General, London, UK
Session 22• Risk Governance Roundtable
Practice Area: ERM
Joint with: P&C
Relevant to: All
Moderator:
Altaf Rahim (FCIA), chief risk officer, Aurigen Reinsurance
Speakers:
Donald Chu*, director of financial institutions ratings, Standard & Poor’s
Saskia Goedhart*, partner, Ernst & Young
Session 30 • Using Actuarial Modelling to Unravel and Solve the Healthcare Costs Spiral
Practice Area: Group Life & Health
Relevant to: All
Level: Moderate
Moderator:
Jeremy Bell (FCIA), partner, George & Bell Consulting
Speakers:
John Have (FCIA), president, Have Associates
Ella Young*, director of the care continuum and actuarial analytics for Vancouver Coastal Health
Session 31 • CLIFR: News and Views
Practice Area: Corporate Life & Health
Relevant to: Group Life & Health, Individual Life & Health, Investment
Level: Moderate
Moderator:
Rebecca Rycroft (FCIA), principal, Oliver Wyman
Speaker:
Alexis Gerbeau (FCIA), associate vice-president, actuarial finance and modelling, corporate actuarial, Standard Life
Session 32 – What’s new in Mortality Research at the SOA
Practice Area: Reinsurance
Relevant to: Individual Life & Health, Reinsurance, Group Life & Health
Level: Moderate
Moderator:
Patrick Charbonneau (ACIA), project director, development, Optimum Réassurance
Speaker:
Jean-Marc Fix*, vice-president of research and development, Optimum Re
10:30 – 11:00 Networking Break and Trade Show Viewing Time
11:00 – 12:15 Concurrent Sessions
Session 33 • Professionalism
THIS SESSION WILL BE PRESENTED PRIMARILY IN FRENCH
Practice Area: General Business & Professionalism
Relevant to: All
Moderator:
Michel Simard, executive director, Canadian Institute of Actuaries
Speakers:
The Honourable Pierre J. Dalphond*, Judge, Appeal Court of Québec
André Lacroix*, professor, philosophy and applied ethics department, Université de Sherbrooke
Session 34 • DC Plan Member Behavior—Key Information for Better Design and Consulting
Practice Area: Pension
Joint with: Investment
Level: Moderate
Moderator:
Ross Dunlop (FCIA), vice-president, investments and portfolio manager, Cardinal Capital Management
Speaker:
Dr. Jack VanDerhei*, research director, Employee Benefit Research Institute
Session 35 • Individualized Risk Rating
Practice Area: P&C
Moderator:
Nathalie Bégin (FCIA), senior actuarial consultant, Towers Watson
Speakers:
Robert L. Brown (FCIA)
Pierre Laurin (FCIA), director, Towers Watson
Session 36 • Interest Rate Calibration
Practice Area: Corporate Life & Health
Relevant to: ERM, Individual Life & Health, Investment
Level: Advanced
Moderator:
David Campbell (FCIA), vice-president, CALM process improvement, group finance actuarial, Manulife
Speakers:
David Campbell (FCIA)
Claudia Gagné (FCIA), assistant professor in workshop actuarial education, University of Montréal
Session 37 • ORSA Implementation Challenges
Practice Area: ERM
Joint with: P&C
Relevant to: All
Moderator:
Sim Segal*, president, SimErgy Consulting
Speakers:
Christopher Crombie (FCIA), associate vice-president, insurance and financial risk, Standard Life
Hakim Nouira*, senior manager, Ernst & Young
Sim Segal*, president, SimErgy Consulting
Session 38 • Adjustable Products: Are We There Yet?
Practice Area: Individual Life & Health
Relevant to: ERM, Reinsurance, Corporate Life & Health
Level: Basic
Moderator:
Dominic Hains (FCIA), vice-president of pricing, RGA Life Reinsurance
Speakers:
Stéphane Rochon*, vice-president, sales and marketing, Humania Assurance
Jean Roy (FCIA), David Forest Financial Services
12:30 – 14:00 Luncheon
President’s Farewell Speech, Change of Office, Incoming President’s Address
Volunteer Awards Ceremony
Master of Ceremonies: Marc-André Morel
14:15 – 15:30 Concurrent Sessions
Session 39 • Practice Committee Update: CRMCR, AEC, CIP
Practice Area: General Business & Professionalism
Relevant to: All
Moderator:
Chris Fievoli (FCIA), resident actuary, Canadian Institute of Actuaries
Speakers:
Committee on Risk Management and Capital Requirements—Robert Berendsen (FCIA), principal, Oliver Wyman, and Michel Dionne (FCIA), vice-president and actuary, Intact Financial Corporation
Committee on Actuarial Evidence—Maryse Larouche (FCIA), co-founder, GML Actuarial Services
Committee on Investment Practice—Ross Dunlop (FCIA), vice-president, investments and portfolio manager, Cardinal Capital Management
Session 40 • Shared Risk Plans—Case Studies
PORTIONS OF THIS SESSION MAY BE PRESENTED IN FRENCH
Practice Area: Pension
Relevant to: Investment
Moderator:
Jean-François Poitras (FCIA), actuarial senior advisor, Desjardins Sécurité financière
Speakers:
Conrad Ferguson (FCIA), partner, Morneau Shepell
Angela Mazerolle Stephens*, superintendent of pensions, New Brunswick
Jérôme Savard (FCIA), senior director, Desjardins Financial Security
Session 41 • The Next Generation of the Minimum Capital Test (MCT) - A Regulatory Capital Framework for the Canadian P&C Insurance Industry
Practice Area: P&C
Moderator:
Fiona So (ACIA), Office of the Superintendent of Financial Institutions
Speakers:
Judith Roberge*, director, P&C insurance capital, Office of the Superintendent of Financial Institutions
Christopher Townsend (FCIA), managing director, Office of the Superintendent of Financial Institutions
Session 42 • Fraud in Group Insurance
Practice Area: Group Life & Health
Level: Moderate
Moderator:
Louise Lessard (FCIA), consultant, group insurance plans, Towers Watson
Speakers:
Deana Maric*, manager, investigative services, Sun Life
Joseph Peter*, vice-president of finance, Canadian operations, Sun Life
Session 43 • Equities in Insurance Companies’ Portfolios
Practice area: Investment
Relevant to: Insurance, ERM
Level: Moderate
Moderator:
Patrick Chamberland (FCIA), director, advisory services, risk management monitoring and policies, Caisse de dépôt et placement du Québec
Speakers:
Josephine Marks (FCIA), principal, Eckler
Martin Roy (FCIA), Fiera Capital
Session 44 • Global Protection Product Sales Trends
Practice Area: Reinsurance
Joint with: Individual Life & Health
Moderator:
Mayur Shah (FCIA), pricing actuary, Aurigen Reinsurance
Speaker:
Naveed Irshad (FCIA), senior vice president, global accounts, RGA International
*Not a member of the CIA.