Publication archives
Member paper: A Mathematical Model for Assessing the Impacts of Policies Related to the Funding of Pension Plans
The paper demonstrates how the model can be applied to assessing the long-term impacts of the following three funding-related measures on a pension plan: (1) an amortization rule, (2) the design of provision for adverse deviations, and (3) an investment […]
Report on Canadian Economic Statistics 1924–2020
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Report on Canadian Economic Statistics 1924–2020 – Tables
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Research paper: Hedging longevity risk in the Canadian market
We present some of the results developed in the thesis of Giannini (2020), where an extensive study is performed on the effectiveness of several mortality/longevity-linked financial derivatives in hedging annuity portfolios’ longevity risk. We will not treat cashflow hedges like […]
Report 3: Canadian Insurance Industry Monthly Aggregate Data Analysis
As the COVID-19 pandemic continues to run its course throughout the world and in Canada, our collective understanding of the virus and its impact grows. Research projects and data collection efforts are happening on many fronts, and the Canadian Institute […]
C-19 Canadian Mortality Model Report
The C-19 Canadian Mortality Model was developed in Excel after a request for papers (RFP) was put out by the Research Council of the Canadian Institute of Actuaries (CIA) in the spring of 2020. The RFP requested research related to […]
C-19 Canadian Mortality Model Report – Tables
The C-19 Canadian Mortality Model was developed in Excel after a request for papers (RFP) was put out by the Research Council of the Canadian Institute of Actuaries (CIA) in the spring of 2020. The RFP requested research related to […]
Population aging, implications for asset values, and impact for pensions plans: An international study
This is the capstone paper from a multi-year research agenda entitled “Population Aging, Implications for Asset Values, and Impact for Pension Plans: An International Study.” The project was performed in multiple overlapping stages, and a number of papers and presentations […]
Research Paper: High-Water Mark Fee Structure in Variable Annuities
The fee structure of variable annuities is important for both insurers and policy-holders. A well-designed fee structure may help reduce the risk exposure of the insurer and simultaneously increase the welfare of the policy-holder. In this research paper, we propose […]
Member paper: A Comparative Analysis of PfAD Design
Several Canadian pension jurisdictions have revised their funding regulations for defined benefit pension plans in recent years, aiming to eliminate or ease the solvency funding requirement while strengthening the going-concern funding requirement by adding a provision for adverse deviation (PfAD). […]