A macro perspective on our Caribbean economies, how we got here, what our goals should be and how do we get there. The Caribbean economies are very small open economies (SOE) with unique features that require both private and public sector to engage in st
Brief outline:The Caribbean’s pre-existing conditions Roadmap to an inclusive and sustainable recoveryThe role of technology in driving improved outcomesChanges we must embrace to ensure a prosperous future
How does climate related risk impact on insurance? Louise Pryor will describe the types of risk, explain how insurers can incorporate them into their risk management process, and discuss potential long term impacts on insurers.
Steve Kolk will deliver a presentation about the Actuaries Climate Index (ACI) and the Actuaries Climate Risk Index (ACRI). This talk will begin showing why these indices were developed and then explain what the ACI measures and show how it works. He'll a
In this interactive discussion, information and anecdotes about actuaries and their role giving back to the community will be shared:Volunteerism in the professionPublic service aspects of actuarial workCharitable work by actuariesEducation and mentoring.
Although the Dutch pension system is number 1 on the Mercer Global Pension index, a major reform will take place.In this session we will discuss the outcome of 15 years of negotiation. We will bring you insight into- The reasons and content of the reform-
Artificial intelligence is a broad discipline. The subarea of machine learing is, however, closely related to techniques actuaries have already been using for decades. Actuaries are thus in an excellent position to add machine learning to their existing s
The Hon. Mia Mottley, Prime Minister of Barbados, Chair of the IMF & World Bank Development Committee; and experts from organizations such as the World Bank Group’s Finance, Competitiveness & Innovation Global Practice, the Insurance Develop
Data science, artificial intelligence, machine learning, predictive modeling are just a few of the buzz words permeating our day-to-day work. New terms and concepts are probably being created right now as you read this description. This presentation focus
The pace and progress of the IFRS-17 implementation in the Caribbean, from the perspective of: The Regulator, The Auditor and The Actuary
The Black Lives Matter movement received global coverage and unearthed critical questions about equality in society at large and within organisations. In this series of conversations, we seek to uncover areas of structural bias that may exist across diffe
A moderate to deep dive with life practitioners into the various implementation issues faced by companies in the Caribbean.
The COVID-19 pandemic is an event that most of the 7.8 billion people on earth will remember for the rest of their lives. It is unprecedented in that manner alone. The amount of COVID-19 data available online and from other direct sources is vast. In the
IFRS 17 is the biggest change in insurance reporting standards in more than 15 years, and the clock is ticking. Most companies are still struggling to understand its implications, define their compliance roadmap and get started on the solution. Subject ma
Though once viewed as ailments of the affluent, deaths related to non-communicable diseases (NCDs) now account for more than double the deaths caused by infectious disease worldwide (PAHO 2002) with steadily increasing figures in developing countries. The
The Novel Coronavirus (CoViD-19) represents one of the most recent pandemics in the last 100 years. 11 months into the pandemic, the reality of life being irrevocably changed is dawning on the world, but the effects of these sudden and drastic shifts are
In this session, Moody’s Analytics insurance team will focus on the role of the actuarial function within an accounting driven IFRS17 process. In fact, actuaries are now playing a critical role in companies’ projects, and their influence is ev
In this session, Moody’s Analytics will focus on the role of the critical challenges faced by P&C Insurers in the implementation of IFRS 17. Topics covered will include Data Requirements, LRC/LIC Measurement Model, Accounting Treatments, and Rep
A period of protracted low interest rates presents a precarious position for pension funds seeking to balance risk with return. The unsettling truth is that many pension plans do not have the right yields on their assets to meet their liabilities when the
One important element that influences our daily activities, decision-making and predisposition towards risk, is our risk-taking nature. For instance, are you a person that likes to do things by the book or do you experience rules and planning as a burden.
Branding is about deliberate differentiation - a way of separating a product, a service, and a company, from the crowd simply by shaping public perceptions. What if I told you that people have brands, too? You do. In fact, your future career opportunities
COVID-19 carries additional risk for mortality and morbidity. The ability to model this, or any, pandemic is important to understanding the impact on the general and insured populations. The speaker in this session will discuss specific models used for CO
The COVID-19 pandemic is an event that most of the 7.8 billion people on earth will remember for the rest of their lives. It is unprecedented in that manner alone. The amount of COVID-19 data available online and from other direct sources is vast. In the
Presidents of actuarial associations from around the world will share their strategic plans for the next few years and their views on COVID 19, Climate Change and Diversity.
The speaker looks at the pros and cons of propriety actuarial software. He then introduces us to open source, or free, software and the specific advantages of “R” in actuarial modelling. He advises to add “R” to your actuarial tool
A noted Caribbean economist examines risk distribution, wealth redistribution and why employers are involved in health care.
Derek discusses the challenges faced and promises made by Governments in finding solutions to public benefits – healthcare and social security.
Dennis provides a picture of the Dutch pension system. He highlights the benefits and the challenges. He ends by giving us a list of possible improvements to strengthen an already exemplary system.
Ron Kozlowski of CAS gave a comprehensive tutorial on Loss Reserves. He concludes, “It is seldom sufficient to simply manipulate the numbers. The actuary must actively seek a thorough understanding of the loss and claims process; the business and th
An actuary and a tourism executive discuss the importance of pensions in the Caribbean’s hospitality industry and analyse Jamaica’s new Tourism Workers’ Pensions Act.
An awesome presentation on what behavioural science can teach us about tackling underinsurance. Matthew identifies and explores the concept of what is bought and what is sold. He highlights the issues using candy and brussel sprouts.
IFRS 17 as it applies to the General Insurance Industry.Bertha and Bill makes this complex topic seem easy. The following headings help with getting the message across: Background & what is changing LRC & PAA eligibility IFRS 17 Discount rates Ris
How data science can be used to improve decision making, the hurdles to be faced and its potential.
We now live in a data driven world with new generations of actuaries facing new challenges. The speaker looks at the dynamics of changes to the approaches that actuaries use to meet the ever-expanding range of risk challenges and customer demands. Once ag
The speaker uses the Netherlands to demonstrate mortality modelling in general and the application of a Generalised Additive model. He then explores mortality modelling in the small population of Curaçao. He ends with the advice to investigate whet
The panel focuses on Diversity and Inclusion and their role in better decision making. They embrace the contributions of actuaries and non-actuaries working together for social and economic development in a business context, while reducing inequality.
The panel focuses on Diversity and Inclusion and their role in better decision making. They embrace the contributions of actuaries and non-actuaries working together for social and economic development in a business context, while reducing inequality.
The panel focuses on Diversity and Inclusion and their role in better decision making. They embrace the contributions of actuaries and non-actuaries working together for social and economic development in a business context, while reducing inequality.
The panel focuses on Diversity and Inclusion and their role in better decision making. They embrace the contributions of actuaries and non-actuaries working together for social and economic development in a business context, while reducing inequality.
The panel focuses on Diversity and Inclusion and their role in better decision making. They embrace the contributions of actuaries and non-actuaries working together for social and economic development in a business context, while reducing inequality.
The Caribbean Actuarial Association (CAA) was officially formed in Jamaica in December 1991. Its birth represented the culmination of the efforts of a number of actuaries who worked in the Caribbean region. Their aim was to create an actuarial body that would have issues of concern to the region as its primary focus. The CAA’s Constitution was adopted on December 3, 1993.
The main objective of the CAA is to encourage and support the development of actuarial science in the Caribbean. The Association also strives to maintain the high standards and image of the actuarial profession.
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