Weekly COVID-19 Update – June 11

Dear Colleagues,

If you have the opportunity, you should take the vaccine. We are risk experts and advise clients accordingly. COVID-19 is the biggest health risk we have faced in our lifetime and it may not be the last!

Weekend reading:

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

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

Stay safe and be 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 – June 9

Hi Everyone,

Actuarial Updates:

Articles/Papers:

Events & Webinars:

Stay tuned for details of an exciting CAA Webinar – Extending the Actuaries’ Reach – on 24th June!
Food for Thought

Different generations, different nationalities and way different careers. What could a football star and a former US President possibly have in common? Barack Obama meets Marcus Rashford: A Conversation (Penguin Books on YouTube)

Climate Corner

To The World

Here are some of our Caribbean people who hold key positions with international bodies:

Elections are open in several actuarial bodies. We encourage all who have voting rights in any of these bodies to exercise those rights.  

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

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 – June 4

Dear Colleagues,

We hope you are all staying safe. Remember that vaccines take about two weeks to become effective. Also, one must still practise the COVID-19 protocols. Social distancing, mask wearing and sanitising are all still essential until the virus spread is under control.

We have not seen a significant reduction in new cases but there has been a significant increase in deaths.

Suggested Weekend Reading:

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

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

Stay safe and be 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 – June 2

Hi Everyone,

Stay tuned for details of an exciting CAA Webinar – Extending the Actuaries’ Reach – on 24th June!
Actuarial Updates:

Articles/Papers:

Events & Webinars:

Food for Thought

As we conduct more and business and personal tasks from home our online exposure increases. Almost daily we hear about a cyber attack on some company or organisation but how many of us really understand the different types of threats and what they mean? Have a look at this for a basic understanding. “Why should I be concerned? Won’t IT/my computer guy install what I need?” For the most part, you’re probably right. The expert “black hats”, hackers who mean real harm, target large multinationals and there isn’t much the average person can do about that. BUT they do occasionally get in by a back door: an employee’s under protected system.

However, there are thousands of scammers out there who target individuals to steal personal bank or credit card information – and YOU are the target. Sure, we know that email from a “friend” who’s stranded in a foreign country and has had their cards stolen is probably a scam. But there’s lots more out there. It is very, very easy to fall prey to phishing and each and every one of us is vulnerable. You get an email from (supposedly) your bank, Internet provider, courier service, etc. which informs you of an account error or asks you to click on a link to update information. You do so and that’s it, the bad guys are in! Here’s one person’s ordeal. If you get such an email, check the address. It might be one letter different from the real URL. Don’t click on the link! Phone your bank or log in the usual way and check.  

Here are some more articles on the subject:

The Atlantic: The Next Big Gasoline Shortage Is Coming

Bloomberg: New Zealand Hospitals Under Prolonged IT Outage From Ransom Hack

Zyber Global Centre: The Impact of COVID-19 on Cyber Security in the Caribbean

Climate Corner
To The World

Prof. Michael Taylor, Director of the Climate Studies Group, Mona (CSGM), has made a name for himself far outside of the Caribbean. He is a member of the Intergovernmental Panel on Climate Change, and was lead author of their publication Global Warming of 1.5 ºC His predecessor at CSGM and IPCC was renowned Prof. Anthony Chen, joint Nobel Laureate in 2007.

Elections are open in several actuarial bodies. We encourage all who have voting rights in any of these bodies to exercise those rights.  

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

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 – May 28

Dear Colleagues,

For those members who are interested, visit ourworldindata.org. You can select the countries whose data you wish to compare.

Suggested Weekend reading:

We recently came across this unfamiliar website which tracks COVID-19 in 34 Caribbean countries. It appears to have fairly accurate data as the source for each country is linked. We include it as it contains data for some countries which are not easily found at the accepted sources.

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

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

Stay safe and be 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 – May 26

Hi Everyone,

Congratulations to Antiguan Liam Benjamin who has made history in the USA. Liam sat and passed, not the usual one or two SOA exams, but SEVEN, while still in university!

Here’s the latest Caribbean Economic Report from Marla Dukharan.

Actuarial Updates:

Articles/Papers:

Events & Webinars:

Elections are open in several actuarial bodies. We encourage all who have voting rights in any of these bodies to exercise those rights.  

Food for Thought

Most American Presidents go on the lecture circuit after leaving the White House. Here’s one who followed a different path and, forty years later at 96, continues on that extraordinary path of public service in human rights, civil rights and preserving the environment. A lesson there for other politicians and, indeed, all of us?

Climate Corner
Stay tuned for details on another exciting webinar coming to you in June!

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

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 – May 21

Dear Colleagues,

We apologise if last Friday’s post was a bit strong on the fear factor. As restricted as we all feel in lockdown, especially when we see easing of restrictions in richer nations, we must continue to exercise caution.

We repeat the link which shows cumulative deaths, hospital resource use, infections and testing, daily deaths, mask use, social distancing for Trinidad and Tobago. Once you are on the link, you can access other countries from the dropdown. We suggest that you take some time and have a look.

It is our opinion that everyone with the opportunity to do so should be vaccinated. However, we do understand that some may opt out for personal or medical reasons.

Suggested weekend reading:

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

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

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 – May 19

Actuarial Updates:

Articles:

Events & Webinars:

Elections are open in several actuarial bodies. We encourage all who have voting rights in any of these bodies to exercise those rights.   

Food for Thought

We just watched an old episode of Chicago PD where predictive analytics were used in a low-income area to identify young men most likely to commit a crime or be the victim of a crime. In an ideal world these youngsters could be channelled into a programme where they could realise their full academic or technical potential. However, we all know that in the real world they’d be targeted by the police as suspects in any crime AND would already have been targeted by the gangs as likely recruits. Another thought: Why only in low-income areas? If a similar system was used in high-income areas how many potential Bernie Madoffs or Andrew Lusters would be uncovered?

Good, bad or just very, very scary?

Climate Corner
To the World

Ever tried Googling “famous people from the Caribbean” and becoming frustrated when all that comes up are entertainers and athletes? We are all incredibly proud of Bob Marley, Rihanna, Usain Bolt, etc. but there are so many other stars who shine in a multitude of disciplines.  This week we start a new feature highlighting individuals from the Caribbean who have reached the top internationally. Let’s start right at home. In our International Women’s Day post, we introduced you to Muriel Mudie, born in Jamaica, who became the first female fellow of the CIA and one of Canada’s leading experts in life company taxation.

In 1949 when the Actuarial Society of America and the American Society of Actuaries merged to become the Society of Actuaries, the first President elected was a gentleman by the name of Edmund M. McConney.

McConney started his career at Manufacturers Life until enlisting in the Canadian army at the outbreak of World War I. After the war, he moved to the USA where he joined Bankers Life Company eventually becoming that company’s president in 1946. In addition to his top position with the SOA, Edmund was also an Associate of the Institute of Actuaries, a member of the Institut des Actuaires Franҫais, an honorary member of the Instituto de Actuarios Españoles, and Conseil de Direction des Congres International des Actuaires.

He also served as chairman of the Institute of Life Insurance and was a director of the Life Insurance Association of America, the Life Insurance Medical Research Fund, the Life Underwriters Training Council and the Huebner Foundation for Insurance Education. He also served on the National Industrial Conference Board. Active in civic affairs, Edmund was chairman of the Board of Trustees of Drake University, where he received an honorary Doctor of Laws Degree, president of the Edmundson Art Foundation and president of the Greater Des Moines Chamber of Commerce.

Did we mention that Mac McConney was born in St. Kitts and attended university in Barbados? Read the very first Presidential Address given to the brand-new Society of Actuaries in November 1949.

Stay tuned for details on another exciting webinar coming to you in June!

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

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 – May 14

Dear Colleagues,

This can happen anywhere!

Please take the time to go to this link which shows cumulative deaths, hospital resource use, infections and testing, daily deaths, mask use, social distancing for Trinidad and Tobago. There are variants emerging all over, many of which are more infectious. And remember that vaccines are not magic, do not work instantly and do not all have the same efficacy. Think of the SPREAD still taking place in highly vaccinated countries like Chile and the Seychelles.

Suggested weekend reading:

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

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

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 – May 12

Hi Everyone,

Actuarial Updates:

Articles/Papers:

Events & Webinars:

Food for Thought:

Should one couple’s divorce have the potential to influence the world economy? Who among us flipped over this headline without reading it? Though, of course, we’re pretty sure vast armies of lawyers worked out the smallest details before the first tweet appeared. We suspect the cause of the impending divorce is that age-old problem: At some point in life some of us rethink priorities and may want to concentrate more on family and personal objectives while their partner might not, especially if that partner is a workaholic.

Gates is constantly criticised for wanting to rule the world by overpowering the competition but how did it all start? Remember basic economics: supply and demand? When Microsoft was just getting off the ground, it did not have the ability to cut out the competition. It started growing to its megalithic size because consumers got what they (we) demanded.

The silver lining of all this is the Bill and Melinda Gates Foundation, created when their individual foundations merged about 20 years ago, which has ploughed many billions in hard currency into improving health and education in poor and developing countries, as well as at home in the USA. We are pleased to learn that they will continue to work together on that endeavour.

Climate Corner:
CAA Notices:
  • A reminder to ALL ordinary, associate and affiliate members to do your 2020 CPD attestation. Click here to read our CPD Policy.
  • As actuaries we are greatly concerned with Climate Change. If you would like to be a part of the CAA’s effort to address this concern, please contact the Secretariat.
  • STUDENTS: SOA candidates having difficulties finding a place to sit their exams may refer to the SOA website or contact our Secretariat.

Did you miss our recent webinars? They are now on actuview.

Lateral Thinking: The Power of Diversity of Thought

SOA Competency Framework

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

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.