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.

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.

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.

Weekly COVID-19 Update – January 22

Dear Colleagues

This was an historic week as we saw the Inauguration of the 46th President of the USA and the first woman and person of colour as the Vice President.

Immediately, they have implemented strict COVID-19 guidelines and restrictions. With new strains and increasing infections, we expect significant changes especially as some major cities worldwide has entered Tier 4 lockdown. Notably, Toronto and London have serious fines for breaches of the Tier 4 lockdown measures.

Weekend review:

Conference 2020 – recorded sessions on actuview.  Here are two presentations from recent UWI graduates which were not included among our live sessions:

Weekend reads:

We end the week’s suggested reading with two articles from the Guardian (UK) which have nothing at all to do with the coronavirus or actuarial matters but which might nevertheless be of interest:

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 News Update – 19 January

Hello Everyone,

Likely the greatest problem facing the world today is Climate Change. Some experts are even of the opinion that it was the abuse of our environment that caused the spread of COVID-19 from animals to humans.  As actuaries, this is one of our major concerns. Environmental degradation leads to a myriad of problems which we must address.

Climate Change led the programme at our Annual Conference last December:

Our Keynote Session was a Round Table Discussion led by the Hon. Mia Amor Mottley, Prime Minister of Barbados:

Achieving a Greener, Smarter, Fairer Recovery and Resilience – Moving from Talk to Action. Other participants were Ekhosuehi Iyahen – Secretary General, Insurance Development Forum; Daniel Clarke – Director, Centre for Disaster Protection; Marla Dukharan – Chief Economist, Bitt Inc.; Racquel Moses – CEO, Caribbean Climate-Smart Accelerator; Sam Gutterman – Past Vice Chair of the IAA Resource & Environment Working Group

Also included at our Conference were:

Remember, ALL sessions from our Conference are available at actuview!

Here are a few more actuarial articles of interest:

And a few other positives:

Upcoming Actuarial Events:

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 – January 15

Dear Colleagues,

Suggested weekend reading and viewwing:

Please visit our website, Facebook page and LinkedIn page.

Thank you. Stay safe and happy.

Your Communication Committee:

Shubhash Gosine, Betty Black, Pedro Medford and Brian Blake

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.

CAA Weekly Update – January 13

It is unlikely that there is even one person out there who is not incredibly happy to see the last of 2020. With several vaccines being rolled out, we are all anxious to get back to normal. Let’s think about a new normal.

By the end of 2020 a microscopic virus had infected 85,000,000 people, killing almost 2,000,000 worldwide. It was almost as if the world stopped turning. Businesses closed, many forever, and countless millions fell into unemployment, homelessness and near starvation. Untold numbers suffered depression and other mental illness. Social media was awash with fake news and conspiracy theories; some even spread by egomaniacal or clueless world leaders to further their own agendas. Wildfires in the US and Australia burned at unprecedented levels and even Siberia burned. We saw that inherent racism was still thriving; the mindsets of many hadn’t changed much since the 1950s. in many areas we became so overwhelmed with negativity that we failed to see the positive. And there was some, more than we might have realised.

Because of lockdowns many public agencies and others finally updated their online facilities. Think how much time (and stress) we now save by paying taxes, etc. online rather than in line.

Families reconnected instead of just passing each other at the front door. Children learned more about their parents and parents about their children, all while gaining a new respect for teachers. In our solitude, many of us picked up the phone, or otherwise reached out, to family and friends and had real conversations. A big change from just liking their posts on social media. Some of us even rediscovered old hobbies or found new ones, something time had not allowed for years.

We learned to appreciate, not just medical personnel, but some of those so often ignored. Cleaners, supermarket staff, delivery drivers. In 2020 delivery drivers and riders became indispensable; they all braved, out of necessity, what the rest of us hid from.

Those of us who managed to stay safe avoided, not just COVID, but flu, colds, all those other viruses that plague us every year.

Here’s a list of The virus-free scientific breakthroughs of 2020, chosen by scientists from the UK Guardian’s Science section.

We saw pictures of clean air in Mumbai and clean canals in Venice and our minds turned to Climate Change and cleaning our environment, a serious concern of most of us.

The philanthropic-minded gave even more than usual and some who had never given a cent in their lives were feeding hospital workers and the homeless. A kind-hearted friend of the author, who has always fed the homeless, decided one day to prepare a dozen meals and take for the staff of a COVID designated hospital. Within a month others joined her and soon COVID carers at two of Kingston’s public hospitals were getting gourmet lunches every day.

And let’s not forget, close to us, the overwhelming success of our first Virtual Annual Conference which had 650 attendees from virtually everywhere (except Antarctica)! Here’s a session that may inspire you to become one of those Actuaries Giving Back.

And to put us into an even more positive mind frame, what better than to start 2021 with a look at Australia’s amazing fireworks?

Actuarial News

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.