Weekly News Update – March 2

Hello Everyone,

The 8th of March is celebrated as International Women’s Day.  In the United States, the week of 8th March was designated Women’s History Week in 1980, expanded to the entire month, Women’s History Month, in 1987.

The history books have, for the most part, ignored outstanding women so let’s all celebrate women who have made a difference, or are making a difference, for the entire month. Let’s celebrate our strong, resilient Caribbean women!

We invite you, our reader, to tell us which Caribbean woman you think is making a mark internationally.  

While we’re all justifiably proud of Rihanna and Shelley-Ann Fraser-Pryce, let’s think about those women outside of sports and entertainment; the writers, the politicians, and especially the scientists. Send us a sentence, a paragraph, or even a page, about a Caribbean woman who you think has made or is making a difference on the world stage.

Let’s start very close to home with an actuarial trailblazer:

Muriel Maud Phillips Mudie was born in St. Andrew, Jamaica on the 10th December 1897. After graduating from University College London in 1921 she taught mathematics in Kingston. Upon her father’s death in 1924, she moved with her mother and brothers to Canada where she supported the family of five by working, first at the Royal Bank of Canada, then moving to Confederation Life Association. One of the actuaries there noticed her mathematical capabilities and suggested she write actuarial exams. He convinced her by saying that, once qualified, she would earn the same as a man.  In 1927, Muriel achieved her associateship from the American Institute of Actuaries and thus became the first woman in the profession in Canada. Her fellowship followed in 1937. She worked at Confederation for almost 40 years, retiring in 1964. During her time there she became recognised as one of Canada’s leading experts in life company taxation. After retirement, Sam Eckler convinced her to work with him part time during tax season. She did that for a few years, eventually leaving to look after one or another of her ailing brothers. Muriel died in Toronto on 28th May 1993, having had an exceptional 95 years.

 Read Muriel’s story again, paying particular attention to the dates. A remarkable woman who broke down barriers and earned respect in her field.

Information from CIA and SOA obituaries and recollections of people who knew her at Eckler.

International Women’s Day official UN commemoration: Achieving an equal future in a COVID-19 world on the way to the Generation Equality Forum; 8th March 2021, 10 a.m. to 12.30 p.m. (EST)

International Women’s Day events worldwide

Other News:

The CAA’s 2020 CPD attestation is now open. Ordinary, Associate and Affiliate members must attest each year that they are in compliance with the CPD Policy of their primary professional body. Please read our CPD Policy and complete your online attestation here.

Please visit our website, Facebook page and LinkedIn page.

Stay safe and be happy,

Your News Team: Shubhash, Betty, Pedro and Brian

The views expressed above are those of the authors and do not necessarily reflect the opinions, standards or policies of the CAA. The CAA assumes no responsibility or liability for the accuracy or completeness of content contained in any linked site.

COVID-19 Weekly Update – February 26

Dear Colleagues,

COVID-19 is still a significant part of daily life. We need to continue being alert to the warnings and practising the basics of social distancing, proper hygiene, mask wearing and mindfulness of both getting COVID-19 or spreading COVID-19.

Enjoy the links below; we found them quite interesting which is why we are sharing.

Suggested Weekend Reading:

Remember to share any articles of interest and continue to provide feedback.  

Please visit our website, Facebook page and LinkedIn page.

Stay safe and happy.

Your News Team: Shubhash, Betty, Pedro and Brian

The information on this page does not necessarily reflect the opinions, standards or policies of the CAA. Data included in graphs has 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.

News Update – February 23

Hello Everyone, especially Students,

Candidates wishing to sit SOA exams have been having difficulties doing so because of COVID-19 restrictions.  The CAA has been in top-level dialogue with the SOA for some months now and has been able to assist several students. If YOU are having difficulties, please contact us at caa.secretariat@gmail.com.

The SOA and CAS have both published information for candidates on their respective websites.

Society of Actuaries: Prometric Testing Centers – Answers to Your Questions

Casualty Actuarial Society: Letter to Candidates from the CAS President and CEO Regarding CAS Exams


The CAA offers refunds to students who sit SOA Exams P and FM while enrolled in the Actuarial Science BSc programmes at UWI.

If you plan to sit either exam this year and had a 3.65 average last year you might qualify. If you sat the exams last year and had a 3.65 average the year before you might qualify. Please ask your programme coordinator to send us your details.

If you’re enrolled at university and undertaking exams with another actuarial body please get in touch with us to see if you qualify for a refund for any of those exams.


Did you know that there are several Actuarial Scholarships available at the University of the West Indies?

The Stephen Alleyne Memorial Scholarship: endowed by the CAA in honour of one of our first Executive Council members who passed away at an early age.

Candidates must:

  • be CARICOM nationals in their final year of the BSc degree in Actuarial Science at the Mona Campus of the University of the West Indies
  • have a B+ average or its equivalent and must maintain this average for the duration of the award
  • be in financial need

Read more and apply here.

The Caribbean Actuarial Scholarship: established by Mike McLaughlin in memory of his in-laws, Basil L. and Monica G. Virtue. Three scholarship are available.

Candidates must:

  • be an undergraduate student entering their second or third year at the University of the West Indies
  • be enrolled in UWI’s actuarial science program
  • hold a minimum GPA of 3.0 or equivalent

Read more here.

The Long Actuarial Scholarship: donated by Andrew Long, alumnus of UWI Mona.

Candidates must have:

  • outstanding academic record (at least a 3.0 GPA for current UWI students or excellent results in CAPE examinations for incoming students)
  • verifiable financial need
  • demonstrable community/co-curricular involvement and strong leadership qualities

Read more here.

The Norbert Fullerton Actuarial Scholarship: donated by Norbert Fullerton, alumnus of UWI Mona.

Candidates must have:

  • Academic performance based on the results of the previous academic year University examinations (at least a GPA of 3.3
  • Demonstrable community/co-curricular involvement
  • Strong leadership skills

Read more here.

For minority students resident in North America, the International Association of Black Actuaries offers several scholarships.

More information for students and useful links are available in the Student area of our website.


Other News:

The CAA’s 2020 CPD attestation is now open. Ordinary, Associate and Affiliate members must attest each year that they are in compliance with the CPD Policy of their primary professional body. Please read our CPD Policy and complete your online attestation here.

Webinars, Magazines & Journals, Blogs, etc. at your fingertips:

Please visit our website, Facebook page and LinkedIn page.

Stay safe and be happy,

Your News Team: Shubhash, Betty, Pedro and Brian

The views expressed above are those of the authors and do not necessarily reflect the opinions, standards or policies of the CAA. The CAA assumes no responsibility or liability for the accuracy or completeness of content contained in any linked site.

COVID-19 Weekly Update – February 19

Dear Colleagues,

We note that our Governments have started rolling out the vaccine in the Caribbean. Let us hope that we continue to have access to the quantity required to vaccine our small but scattered population in a timely and effective manner.

Of tremendous significance is the fact that we have had approx. 12% drop in average daily new cases. This is good news especially if this trend continues. The world debate is really how quickly the world population can be vaccinated, in particular the less fortunate countries. Let us hope that current debates and requests result in some form of equitable distribution.

Suggested Weekend reading:

Remember to share any articles of interest and continue to provide feedback. 

Please visit our website, Facebook page and LinkedIn page.

Stay safe and happy.

Your News Team: Shubhash, Betty, Pedro and Brian

The information on this page does not necessarily reflect the opinions, standards or policies of the CAA. Data included in graphs has 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.

Weekly Update – February 17

The CAA’s 2020 CPD attestation is now open. Ordinary, Associate and Affiliate members must attest each year that they are in compliance with the CPD Policy of their primary professional body. Please read our CPD Policy and complete your online attestation here.

This week we’re again looking through what others have to offer but this time looking a little further afield:

We’re repeating STUDENT information shared last week in case you missed it:

From the SOA’s website, Prometric Testing Centers – Answers to Your Questions. The CAS also gave an update on exams: Letter to Candidates from the CAS President and CEO Regarding CAS Exams

Also from the SOA are SOA Professionalism Courses – Changing gears after 30 years and 2021 Student Research Case Study Challenge.

Students may also contact us at caa.secretariat@gmail.com

Did you miss the IAA’s 3-part mini-series on Risk-based Financial Management and Supervision, in collaboration with the Access to Insurance Initiative (A2ii) and the International Association of Insurance Supervisors (IAIS)? One module, Using Actuarial Reports – Getting the Added Value, was presented by Britta Hay and Stuart Wason. Recordings of these and other IAA webinars are available on their YouTube channel.

Please visit our website, Facebook page and LinkedIn page.

Stay safe and be happy,

Your News Team: Shubhash, Betty, Pedro and Brian

The views expressed above are those of the authors and do not necessarily reflect the opinions, standards or policies of the CAA. The CAA assumes no responsibility or liability for the accuracy or completeness of content contained in any linked site.

COVID-19 Weekly Update – February 12

Dear Colleagues,

Looking at the world totals, we observe a significant drop in the daily new cases and deaths over the last week when compared to the previous week.

A significant number of countries have stricter measures with regard to managing the spread. The major countries contributing to the spread have started vaccination programs which seems to be going well with a few debates as to efficacy of the various vaccines available and the new strains that we are now being exposed to. More vaccines are on the way.

Maintaining the protocols that are in place is essential to controlling the spread of COVID-19.

Testing is critical, proper hygiene, social distancing, mask-wearing, avoiding large groups of people and so on all contribute to our health and safety, ultimately our freedom and happiness.

Shubhash lost a friend in Trinidad yesterday to COVID-19. He was doing everything that he should to be safe. His wife is a pharmacist, one sister a doctor, another a health inspector, so he had access to proper care.

Weekend reads:

Remember to share any articles of interest and continue to provide feedback. 

Please visit our website, Facebook page and LinkedIn page.

Stay safe and happy.

Your News Team: Shubhash, Betty, Pedro and Brian

The information on this page does not necessarily reflect the opinions, standards or policies of the CAA. Data included in graphs has 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.

Weekly Update – February 9

Hello Everyone,

Our insurance actuaries in Trinidad & Tobago are all focused on the Insurance (Amendment) Act, 2020 which, after years in gestation, has finally come to fruition. Those who have not yet been transitioning have a great deal of catching up to do.

We reviewed the latest actuarial magazines and webinar offerings and here’s what we thought we should share.

Of critical interest to STUDENTS is this on the SOA’s website, Prometric Testing Centers – Answers to Your Questions. Many students were at a loss regarding what to do when the SOA’s new exam policy intersected with COVID-9 restrictions. The CAS also gave an update on exams: Letter to Candidates from the CAS President and CEO Regarding CAS Exams.  Also from the SOA are SOA Professionalism Courses – Changing gears after 30 years and 2021 Student Research Case Study Challenge.

The IAA recently held a 3-part mini-series on Risk-based Financial Management and Supervision, in collaboration with the Access to Insurance Initiative (A2ii) and the International Association of Insurance Supervisors (IAIS). One module, Using Actuarial Reports – Getting the Added Value, was presented by Britta Hay and Stuart Wason. Recordings of these and other IAA webinars are available on their YouTube channel.

Also recently published by the IAA is their Discussion Paper, Pension Fund ESG Risk Disclosures: Developing Global Practice, produced by members drawn from the Resource and Environment Working Group and Pension and Employee Benefits Committee.

From the Actuarial Review Understanding Threats: Gray Swans, Black Elephants, and Butterflies (Oh My!).  Understanding the different characteristics of threats can help actuaries better understand how extreme events can affect their work.

In The Actuary (North America) we read A Quantum Walk Through Actuarial Science.

Actuview announced that they have hit the 10,000 registered viewers milestone and now have over 1,000 videos available. Sessions from our 2020 Conference as well as some sessions from 2018 and 2019 are available on Actuview.

We’ve seen several of our members move from insurance companies to banks in recent years. The CIA has launched a new portal, Seeing Beyond Risk, for articles and stories about Canada’s actuaries and the Canadian actuarial profession, though many articles are of interest to non-Canadians. There’s one on banking:  The Banking Industry and Actuaries: Closing the Gaps.  The IFoA continues to promote actuaries in banking with Banking Lifelong Learning case studies. Keeping on the non-traditional path, The Actuary also included an article on providing insurance for small farmers, Microinsurance: Collective gains.

 Louise Pryor, IFoA’s President Elect, spoke on Climate Change at our 2020 Conference. Have a look at Louise’s “Talking Sustainability” series on the IFoA website. From the new issue of CAS’ Actuarial Review we read Social Justice and the Actuary: What’s Next?

As COVID-19 forces us more and more online we must become more and more Internet savvy. In The Actuary (UK) we looked at  Insurance and social media: Keyboard worriers. You might also be interested in the SOA’s Cloud Computing Webcast on 25th February. And, of course, we can’t go online without being fully aware of cyber threats. Zyber Global Centre’s February Newsletter gave a rundown of The Worst Cyber Threats of 2020.

Please visit our website, Facebook page and LinkedIn page.

Stay safe and be happy,

Your News Team: Shubhash, Betty, Pedro and Brian

The views expressed above are those of the authors and do not necessarily reflect the opinions, standards or policies of the CAA. The CAA assumes no responsibility or liability for the accuracy or completeness of content contained in any linked site.

COVID-19 Update – February 5

Dear Colleagues,

We all have two questions on our minds:

What are the long-term effects, socially and economically?

When will we get vaccinated?

Weekend reads:

Remember to share any articles of interest and continue to provide feedback. 

Please visit our website, Facebook page and LinkedIn page.

Stay safe and happy.

Your News Team: Shubhash, Betty, Pedro and Brian

The information on this page does not necessarily reflect the opinions, standards or policies of the CAA. Data included in graphs has 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.

Weekly Update – February 2

Hello Everyone,

As actuaries, and as human beings, we are all very much aware that domestic violence occurs everywhere: in all countries, all cultures and all social strata.

Despite the International Women’s Conference in Mexico City in 1975 which then led to the UN’s Convention on the Elimination of all forms of Discrimination against Women (CEDAW), known as the “Women’s Bill of Rights”, domestic violence was not addressed globally until 1992 when CEDAW issued a recommendation that identified domestic violence (as well as rape, trafficking for prostitution, certain traditional practices and sexual harassment) as discriminations covered by the Convention. The United Nations Convention on the Rights of the Child (CRC) was passed by the UN in 1989. These, and similar guides from the OAS and others, are fully recognised in the Caribbean and elsewhere.  

But really, how much do these conventions and statements, or even actual laws, affect perpetrators of domestic abuse? We’ve certainly all read enough, and sometimes seen for ourselves, the brainwashing that occurs in toxic relationships which sometimes leaves the victim emotionally unable to leave. “He really loves me”, “he pays all the bills”, I have nowhere to go”. It is often up to clear-thinking friends and family members to step in: offer positive advice, help the victim find a job or somewhere safe to go.

If domestic violence is already a problem in a relationship, coronavirus sheltering might make it even worse. Abuser and abused spend more time together and there may also be economic hardship from being laid off.

Domestic violence against women and children is often unreported but there’s an even more unreported side: “No one will believe me”, They’ll laugh at me”. According to the New England Journal of Medicine* one in ten men are also victims. Germany now has a hotline specifically for male victims.  Here’s one man’s story.

Suggested additional reading:

If you suspect someone you know might be a victim of domestic abuse, here are some regional hotlines:

  • Jamaica: 876-553-0372 or 876-929-2997
  • Trinidad: (868) 800-SAVE (7283)
  • Barbados: (246) 435-8222 or 253-5071
  • Bahamas: (242) 328-0922

More


Upcoming Actuarial Events:

Shares from members:

Please visit our website, Facebook page and LinkedIn page.

Stay safe and be happy,

Your News Team: Shubhash, Betty, Pedro and Brian

The views expressed above are those of the authors and do not necessarily reflect the opinions, standards or policies of the CAA. The CAA assumes no responsibility or liability for the accuracy or completeness of content contained in any linked site.

COVID-19 Weekly Update – January 29

Dear Colleagues,

WOW! We’ve reached a hundred million cases worldwide!

For most of us, this was a normal business week. Feedback from vaccine programs worldwide and further lockdowns in response to new strains of COVID-19 have dominated the headlines. The effect on Europe has been rioting in response to further lockdowns.

Florida has a new tourism product – vaccine tourism. Many Jamaicans, and presumably the wider Caribbean, have been travelling to Florida to be vaccinated.

Weekend review:

Enhance your CPD with our 2020 Conference recorded sessions on Actuview. The other big topic:

Weekend reads:

Remember to share any articles of interest and continue to provide feedback. 

Please visit our website, Facebook page and LinkedIn page.

Stay safe and happy.

Your News Team: Shubhash, Betty, Pedro and Brian

The information on this page does not necessarily reflect the opinions, standards or policies of the CAA. Data included in graphs has 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.