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New research on the future of long-term care in Canada

A new research paper released jointly with the Society of Actuaries and the Casualty Actuarial Society takes an enterprise risk management (ERM) approach to quantify the impacts of the major risks relating to the future of long-term care for older Canadians. This quantification is based on two fundamental metrics: public spending on long-term care and the magnitude of unpaid informal care by close family relatives.

This study provides a novel demonstration on how ERM can be applied to serve the Canadian public by informing decision makers on the risks facing the current and future delivery of long-term care. It also provides a starting place for provinces and interested stakeholders in carrying out a fuller ERM analysis around this pressing national concern.

For any questions, contact Shlomit Jacobson, CIA Program Manager, Research.

Announcement Number2020-05(07174) May 6, 2020