Professional Development

Actuarial Evidence Seminar

Montréal - September 20-21, 2013


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

                                         Observers welcome


07:45 – 16:00          Registration and CIA Information Desk 

08:00 – 09:00          Continental Breakfast 

09:00 – 09:10          Welcoming Remarks and Seminar Overview

                                         Daniel Gagné and Louis Martin, seminar organizing committee

09:10 – 09:30 – Session 1 Update from the Committee on Actuarial Evidence
Kelley McKeating (FCIA), consulting actuary, Dilkes, Jeffery & Associates
Jay Jeffery (FCIA), Dilkes, Jeffery & Associates 
Peter Martin (FCIA), Golden Actuarial

 An update on the committee’s recent activities and its plans for the coming year.

09:30 – 11:00 – Session 2 •  Beyond Pension Valuation–Adding Value in Family Law Matters in Ontario and Elsewhere
Kelley McKeating (FCIA), consulting actuary, Dilkes, Jeffery & Associates
Jamie Jocsak (FCIA), actuary, BCH Actuarial Services
Carolyn Martel (ACIA), Carolyn Martel Actuariat

Post-Bill 133, the demand for marriage breakdown pension valuations in Ontario has declined significantly. The need for these services in other jurisdictions was already quite limited. However, lawyers continue to need actuarial assistance in family law matters. The speakers will present an overview of some of the family law-related services (other than pension valuation) that actuaries across Canada are providing to lawyers and individuals. Then, we'll extend the discussion and ask to hear your success stories.

11:00 – 11:15          Networking Break

11:15 – 11:45 – Session 3 •  Statistics Canada Open Licence Agreements
Stephen Cheng (FCIA), managing director and senior consulting actuary, Westcoast Actuaries
Ian Karp (FCIA), president and consulting actuary, Karp Actuarial Services

Statistics Canada has recently implemented an open license agreement policy under which licensees who purchase custom data tables can share them with others at no additional cost. The speakers will illustrate the scope of these custom tables and explain the current cost structure. They will then lead a brainstorming discussion on what a CIA-centred data-sharing and cost-sharing model might look like.

12:00 – 13:00 –  Luncheon

13:00 – 13:45 – Session 4 •  Special Guest Speaker: Dean Bergeron

Moderator:        Donald Tettmar (FCIA), president, DT&A

As a child Dean Bergeron was crazy about sports, especially hockey. At the age of 17 and with a brilliant future ahead of him, he joined the Shawinigan Cataractes of the Québec Major Junior Hockey League.

But a year later, his life was turned upside down. Following an accident during a training session, he became a quadriplegic.

Dean began a lengthy process of physical and social rehabilitation, and became physically active again while studying to be an actuary. He completed his bachelor’s degree in actuarial science at Université Laval in the early 1990s. He trained for wheelchair racing, and has since taken part in a number of world championships and other international competitions. He participated in the Paralympic Games in Atlanta, Sydney, Athens, and Peking, and brought home 11 medals.

14:00 – 15:30 – Session 5 •  Forensic Accounting: Employment Income, Corporate Income, Dividends, Sales of Businesses
Michael Kavanagh (FCIA), principal, Townsend & Kavanagh, Actuarial Consultants
Jean-Charles Plante*, director, valuations, forensics and disputes, PricewaterhouseCoopers

These forensic accountants will discuss the approaches they typically take to evaluate economic losses in the case of business owners or the self-employed.

15:30 – 15:45          Networking Break

15:45 – 17:15 – Session 6 •  Revised Actuarial Evidence Standards of Practice
Jay Jeffery (FCIA), Dilkes, Jeffery & Associates
Jay Jeffery (FCIA)
David Wolgelerenter (FCIA), actuary, DSW Actuarial Services  

The Actuarial Standards Board (ASB) approved revised actuarial evidence (AE) standards of practice and relevant general standards on June 13, 2013.  Although actuaries must comply with these revised standards beginning December 31, 2013, early implementation is encouraged.  This session will provide AE practitioners with:
-        An update on the revisions that have been made to the AE standards and relevant general standards effective December 31, 2013;
-        A discussion on implementation issues;
-        A review of other ASB initiatives that may have an impact on AE practitioners; and
-        An opportunity to provide comments.

17:30 – 18:30          Wine & Canapés Reception - Hall St. Denis, Main Level


07:45 – 08:30          Continental Breakfast

08:30 – 10:00 – Session 7 • 
Bodily Injury Assessment: When the Letter of the Law Does Not Necessarily Follow Actuarial Logic
Maryse Larouche (FCIA), co-founder, GML Actuarial Services 
Daniel Gardner*, professor, faculty of law, Université Laval

Using concrete examples involving the discounting of future damages and tax implications, the speaker will try to explain why legislative and judicial rules stray at times from Cartesian logic. He will also address certain practices that are specific to Québec (e.g., in the area of evaluation of non-pecuniary losses) but that can be applied to the other Canadian provinces as well.

10:00 – 10:15          Networking Break

10:15 – 10:45 – Session 8 • 
Interest Calculation Software for Legal Professionals
Luc Rivest (FCIA), manager, idML 
Marc Gélinas*, lawyer

Margill Law Edition Interest Calculation Software was designed by Jurismedia to meet the needs of the legal community. This unique software works in multiple areas of the law and is currently being used by more than 600 law firms, government agencies, legal departments, courts, trade unions, insurance companies, accountants and actuaries in over 28 countries. The software does the following calculations based on the province or state: pre- and post-judgment interest; judgment collection; arrears; structured settlements; present value; mortgages and loans.

10:45 – 11:45 – Session 9 •  Boosting Performance with Cloud Computing
Daniel Gagné (FCIA), Mallette actuaires 
Henri Quiniou*, senior advisor, managed IT and cloud services, business markets, Eastern Canada, Telus

Because of its unparalleled efficiency, security, and scalability, cloud computing is an essential part of a company’s business development toolbox. However, it is important to understand it in order to fully benefit. Which cloud computing model should you choose? How can it help you overcome business challenges? What is the first step in implementing this solution? Each company is unique and so should adapt its cloud adoption process to suit its specific needs.

This session will cover cloud adoption trends among small and medium-sized businesses, identify the properties most likely to support your business challenges, address the organizational impacts, and help you plan the deployment of cloud technology within a framework that will help drive your company forward and boost your operational efficiency. Three main topics will be covered: an overview of the major cloud adoption trends in Québec; the impact of cloud technology on your organization and IT management approach; and best practices for launching a cloud computing pilot project.

11:45 – 12:00 – Closing Remarks

                                   Daniel Gagné and Louis Martin, seminar organizing committee

* Not a member of the CIA.