CAA Weekly News Update – 19th August

Government of Barbados Press Briefing on the National Insurance Scheme with PM Mia Mottley, NIS Actuary Derek Osborne and others. (YouTube 1:47)

**Watch Social Security: What Lies Ahead? and other past CAA webcasts anytime on our YouTube Channel.**

The Insurance Association of the Caribbean presents: Engineering Insurance – Contractors And Machinery All Risk, with William Tomlin, on 1^st September from 10:00am-12:00 noon AST.

Check out The New Actuary, from our Industry Growth Subcommittee, on our social media pages. And coming soon: interviews with individuals who have finessed their actuarial backgrounds into highly successful careers in other industries.

Members under thirty-five are invited to compete in the IAA’s Young Actuaries World Cup, a friendly global competition between young actuaries with the following objectives:

Engage young actuaries on topical issues;
Provide an opportunity for young actuaries to showcase their skills under the framework of the profession’s premier global event: the International Congress of Actuaries (ICA); and
Ensure that younger generations see themselves represented within the IAA and its member associations.

Our deepest sympathy to long-serving member Marcia Tam-Marks on the passing of her father, “Billy” Tam.

Interesting Reading:

CIA 2021-2022 Annual Report
IAA July Newsletter
The European Actuary (includes two articles on cyber risk)
SOA 2022 Candidates for Elected Board Member and President Elect
Seeking researchers to submit proposals on the topic of Ecosystem with Big Technology for Insurers
Young Professional Advisory Council SOA members within 10 years of achieving their ASA

Engaging Events:

SOA: Implementing LDTI – Are you ready? 22^nd August
CAS Virtual Workshop: Introduction to Python 10^th August—14^th September
AAA: Proposed Changes to ASOP No. 20, tentatively retitled Discounting of Property/Casualty Claim Estimates, and ASOP No. 36, tentatively retitled Statements of Actuarial Opinion Regarding Property/Casualty Loss, Loss Adjustment Expense, or Other Reserves. 31^st August
SOA 2022 Life Meeting 23^rd-26^th August
ProActuary: The Disruptive Actuary 8^th-9^th September
SOA: Leadership Lesson – a Successful Actuarial Career 16^th September

CAA President Simone Brathwaite is part of IACA’s presentation on 19^th September. Cathy Lyn and her Diversity team of Tonya Manning, Marjorie Ngwenya, Lesley Traverso and Mitesh Sheth will present on 21^st September. Kudzai Chigiji and other friends of the CAA are also included in the Programme.

Early Bird Registration for The 2023 International Congress of Actuaries: Bridge to Tomorrow, in Sydney, Australia, is now open.

The IAA Bursary Congress Fund is available to provide some financial support facilitating the participation of interested candidates complying with the characteristics of the bursary selection process. Bursaries will be allocated at the discretion of the IAA Advice & Assistance ICA 2023 Bursary Task Force and may be for only part of the expected costs. Application deadline is 15^th September 2022.

Save the Date:

International Conference on Inclusive Insurance 24^th-28^th October, scheduled for Kingston, Jamaica.
EAA: Whistleblowing – Practical Education for Actuaries 24^th October
ASSA 2022 Convention 25^th-28^th October
2022 SOA ImpACT Conference 26^th-28^th October
AAA Annual Meeting: Envision Tomorrow 2^nd-3^rd November
CAS Annual Meeting 6^th-9^th November

CAA CONFERENCE 2022 – 7^th-9^th DECEMBER – BARBADOS

Student Zone:

Climate Corner:

ProActuary: Climate Risk and Actuaries
Insurance Business (Aus): Climate change to intensify insurance affordability pressure
BBC: PFAS: Possible breakthrough to destroy harmful ‘forever chemicals’
The Atlantic: The Best Evidence Yet That the Climate Bill Will Work
The Guardian: ‘Soon the world will be unrecognisable’: is it still possible to prevent total climate meltdown?
IFoA: Climate Risk and Sustainability Course 12^th October –7^th December

Virus Updates:

WSJ: BCG Vaccine for Tuberculosis Offers Covid-19 Protection, Study Suggests
Yale: For COVID-19, endemic stage could be two years away
BBC: Polio: Do we have to worry about it again?
BBC: Langya: New virus infects 35 people in eastern China
SOA: Pandemics & Paradigm Shifts: ERM in an Intensely Dynamic World Webcast 31^st August

Thought for Today:

From the archives of the Atlantic (2008): Is Google Making Us Stupid? If you don’t have a subscription you may refer to Britannica or Wikipedia. Fourteen years after the 6 page article was published is it even more relevant? Now segue right into…..

Just for Fun:

The Age of Algorithmic Anxiety

Reminders:

SOA Member Recognition Program – prizes offered to SOA volunteers include the option to donate US$25 to the Actuarial Foundation’s Caribbean Actuarial Scholarship.

Results of the latest IFRS 17 Survey, conducted by the CAA’s Life Insurance Committee, are available on the Resources page of our website.

Hélène Pouliot, the CIA’s new President and a proud CAA member, looks ahead to her term in office.

Solving the Ageing Population Crisis in the Caribbean, with speakers including Derek Osborne, is available to watch on the Central Bank of Barbados’ YouTube channel.

Please visit our website and follow us on Facebook, LinkedIn, YouTube and Instagram.

Your News Team: Mike, Betty, Lindsay Pedro & Shubhash

The information on this page does not necessarily reflect the opinions, standards or policies of the CAA. Data included in graphs have been obtained from several sources the accuracy of which cannot be guaranteed by the CAA. The CAA assumes no responsibility or liability for the accuracy or completeness of content contained in any linked site.