CAA Weekly News Update – 6th October

ATTENTION SOA Candidates:

The CAA will be streaming SOA Strategies for Success – Upcoming changes to the Associate of Society of Actuaries (ASA) Education Pathway on Thursday, 14th October at 5:00pm EDT/AST, 4:00pm EST/Jamaica.

This is an opportunity for all university and actuarial students, career changers and employers to hear from and talk to SOA representatives about their new developments including:

  • Changes to the Associate of Society of Actuaries (ASA) education pathway
  • Opportunities for recognition of your achievements through micro-credentials
  • Affiliate membership with benefits that open doors for aspiring actuaries

REGISTER NOW!


Official virtual launch of NAWA: Network of Actuarial Women and Allies TOMORROW, 7th October from 3:00 -5:00pm EDT/AST. 2:00-4:00pm EST.


IACA/AFIR-ERM/IAALS/PBSS Virtual Colloquium:

Post Pandemic Actuary: What We Have Learnt, 11th-15th October

includes Episode 10 of the Diversity of Thought Series: Emphasize the “I” in DE&I for Actuaries

What else we’re watching:
What we’re reading:
Climate Corner:
Food for Thought:

Why did almost the entire world stand still for six hours last Monday because one organisation went offline?

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

Your News Team: Shubhash, Betty & Pedro

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.

REGISTRATION IS OPEN! CLICK HERE

Weekly Update – July 21

Thanks to all our members who attended last week’s informative Town Hall. We had a great turnout and those who attended took full advantage of the open chat right after. You’ll see more open chats after webinars in the coming months and after some of our Annual Conference sessions.

Watch for public webinars on Diversity, IFRS 17 and Exam Techniques and…

Details of our Conference 2021!

All Ordinary, Affiliate and Associate members are reminded that online CPD attestation for 2020 closes on 31st July. Please read our CPD Policy then complete your online attestation before that date.


Actuarial articles & webinars of interest:

Have a look at Brilliant’s learning concept.


All about the new IFoA CPD requirements (including a survey & video)


The SOA has published their slate for upcoming elections. We note with pleasure that our old friend John Robinson is on the ballot for President Elect. We urge all our members with SOA voting privileges to participate in these elections which open between 13th – 24th September.


Climate Corner:


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

Your News Team: Shubhash, Betty & Pedro

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 – 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.

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.

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.

Weekly Update – May 5

Actuarial Updates:

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

Lateral Thinking: The Power of Diversity of Thought

SOA Competency Framework

IMPORTANT for Insurance Actuaries in Barbados: FSC Natural Disaster Stress Testing for Insurance Companies with Exposures in Barbados

Here’s a UK site which may be of interest to pension actuaries.

Food for Thought:

As Caribbean people we pride ourselves on being a wonderful mix of races, nationalities and religions. We look with horror on the blatant prejudices played out in so many countries. But are we really that clean? What biases, or full-blown prejudices, do we harbour, consciously or unconsciously? Here’s one we might all be guilty of: Old people can’t do the job: they’re stuck in their ways; they don’t understand technology. Young people can’t do the job: they don’t have enough experience; they’re too easily distracted.

Have a read of this article.

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 e a part of the CAA’s effort to address this concern, 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.

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.

Weekly News Update – April 28

Hi Everyone,

Actuarial Updates

All CAA ordinary and associate members can create IAA accounts

SOA Elections

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, contact the Secretariat.
  • SOA candidates having difficulties finding a seat to take their exam may contact us.

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.

News Update – April 7

Hi Everyone,

Join us for another Diversity Chapter on 22nd April when Kudzai Chigiji, a brilliant pan-African actuary, shares her thoughts on Lateral Thinking. Want to know more about Kudzai? Read Shall We Dance? in a past issue of The Actuary.

Did you miss our webinar on the SOA Competency Framework? Content is not SOA specific and therefore relevant to everyone.  You can watch the recording on actuview.

Last week’s IAA/ASSA/IFoA webinar Actuaries in Banking: The South African Experience is now available on YouTube. You might also like Boosting actuarial careers in banking in The Actuary. ASSA offers their B200 Certificate in Actuarial Banking Practice to both their members and non-members. B200 Information available here.

Have a look through Marla Dukharan’s Caribbean Economic Report for March.

International Conference on Inclusive Insurance 2021: call for proposals now open. Deadline for submissions is 15th May. Under the theme Reaching scale in small countries, this conference is tentatively scheduled to take place late October in Jamaica.

More Events of Interest:

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.

News Update: Holiday Special – April 1

Dear Colleagues,

Wishing all our members and friends a Happy Holiday Weekend!

We’re sharing a generous list of suggested links from which you may select your holiday reading.

Did you miss our recent webinar on the SOA Competency Framework? You can watch the recording on actuview.

COVID related:

Actuarial Events:

Actuaries Outside the (Pensions & Insurance) Box:

Useful websites:

Winding up Women’s Month, here is a thought to ponder.

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.