Research

Academic Research Grant Program 2021–22

The CIA’s Academic Research Grant Program provides funding for scientific research projects in actuarial science with a potential impact on actuarial practice in Canada. The results of a funded project should lead to production on an article which will appear on the CIA website and which shall be submitted to a scientific journal.

The program promotes scientific research in actuarial science that helps solve challenging issues faced by actuaries in Canada, encourages knowledge transfer to graduate students and practitioners, strengthens the relationship between the CIA and Canadian actuarial academics, and fosters partnerships between academics and practitioners.

The maximum funding per project is $20,000.

Projects will be assessed according to the following merits: 

  • impact
  • cost-benefit
  • uniqueness
  • quality
  • achievability

Application steps

  • Complete the online notice of intent by November 15, 2021.
    • The Academic Research Committee (ARC) evaluates and ranks the notices of intent. The Research Council (REC) will then discuss the ARC recommendations and select projects to submit full proposals.
  • Applicants whose projects are selected will need to submit a full application by January 24, 2022.
    • The REC makes final decision on awarding the grants. You will be notified by April 30, 2022, if you have been successful.

Eligibility

  • The lead investigator must be a full-time faculty member in a Canadian university.
  • Any co-authors of the research article may be professors, graduate students, postdoctoral fellows, or practitioners.
  • Any graduate students or postdoctoral fellows for whom funding is requested in the budget must be registered part-time or full-time at a Canadian university.

Budget and time frame

  • Maximum budget allowed: total of $20,000 spent on a period of one to three years.
  • Typical expenses include scholarships, salaries to postdoctoral fellows, travel expenses (conferences, research stays), etc. Travel expenses and registration to professional conferences such as CIA, Society of Actuaries (SOA), or Casualty Actuarial Society (CAS) meetings are covered. Computer equipment is not an allowable expense.
  • Overhead costs cannot exceed 10% of the total project amount.

Contractual terms

  • Researchers keep ownership of the intellectual property (background and foreground).
  • Funds are paid to the university and managed by the university research accounts office.
  • Researchers agree to provide regular progress reports.
  • Completion of the project:
    1. The final draft of the paper will be submitted to the CIA.
    2. The peer review process will be completed by subject matter experts appointed by the CIA.
    3. Authors will address the comments arising from the peer-review in a timely manner and produce the final version of the paper.
    4. The final version of the paper will be discussed and approved by the REC.
    5. The paper will be translated to French by the Communications team at the CIA.
    6. The paper will be uploaded to the research portal of the CIA website.
    7. In parallel, the researcher will send a proof of submission to an actuarial journal.

Note: The REC coordinates with the SOA and the CAS for research project selection. Proposed projects must not be similar to those funded by these two organizations.