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.

News Update – August 20

Hi Everyone:

Actuarial News

SOA Elections opened on 17th August

SOA Section Elections

CAS Elections close on 31st August

IFoA launches the IFoA Foundation

Accounting Standards and Insurer Solvency Assessmentpublished by the IMF explores the use of accounting standards for insurer solvency assessment in the context of the implementation of IFRS 17. Co-authored by CAA Past President Michelle Chong Tai-Bell.

Updates to the Actuaries Climate Index

Oliver Wyman Pandemic Navigator

RGA Knowledge Centre

2021 ASTIN AFIR/ERM Colloquia Call for Papers open until 7th October 2020

Call for contributing papers: The UN Global Assessment Report on Disaster Risk Reduction 2022

The Actuary Magazine (SOA)

The Actuary (IFoA)

Actuarial Review (CAS)

Webinars & Events

SOA Predictive Analytics 4.0 Virtual Event 24th-25th August

RGA Fraud Conference 17th-21st August

2020 AICT/CAS Joint Property/Casualty and Health Actuarial Seminar 14th-15th September

ActuView’s first online conference, aoc2020, 24th-25th September

2020 Understanding Risk Forum

Recoding of IACA’s webinar Managing and Growing your Firm in an era of Pandemic and Lockdown (YouTube)

The Caribbean Actuarial Association’s 30th Annual Conference

Remember to visit our website, Facebook page and LinkedIn page.

Best Regards,

Shubhash & Betty

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 – August 12

Hi Everyone,

Please remember to send your submissions or ideas in time for next Wednesday’s Open Mic!

University of Nebraska School of Business Actuarial Research Virtual Conference ends today at 3:45pm Central Time. Students register for FREE! Programme overview.

Please visit our website, Facebook page and LinkedIn page.

Best Regards,

Shubhash & Betty

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 – August 6

Hi Everyone:

Happy Independence Day to all our Jamaican members!

To our Students:

Students sitting SOA Exams

Last month, we announced that the CAA had engaged the SOA to work together towards a solution that ensures that Caribbean actuarial candidates would not be disadvantaged when all SOA examinations are moved to computer-based testing (CBT) in Fall 2020.

We are happy to confirm that a policy has been crafted to strike the correct balance between providing candidates with access to the exam without undue financial and logistical obstacles while providing the appropriate the level of exam security to ensure fairness to all candidates and as well as supporting the validity of examination results.

Formal communication will be published by the SOA with details of the new policy being implemented for Caribbean Students.

We will continue to engage and support the SOA in implementing this initiative.

SOA Exam details may be viewed on their website.

Students sitting CAS Exams

The US Casualty Actuarial Society is moving to Computer Based Testing using Pearson Vue approved sites.  There are such sites in Jamaica and Trinidad.  We would like to know if you or anyone you know is a CAS student in any other Caribbean territory.  We will then work with the CAS on your behalf to see what can be arranged.

More details of CAS’ move to CBT can be read on their website.


Actuarial News & Events:

IAA’s July Newsletter (pdf)

We encourage our SOA members to vote in their upcoming Board of Directors Elections which opens on 17th August.

SOA’s Tech Webcast Series – Emerging Tools & Technologies –  28th July -18th August

University of Nebraska School of Business Actuarial Research Virtual Conference

Recoding of IACA’s webinar Managing and Growing your Firm in an era of Pandemic and Lockdown (YouTube)

Interview with Nick Dumbreck, Chair of the CERA Global Association (ActuView)

Videos from the European Actuarial Academy’s recent Data Science & Data Ethics e-Conference (ActuView)

Videos from IABA’s Virtual Annual Meeting and schedule of upcoming events (IABA)

The Caribbean Actuarial Association’s 30th Annual Conference

Remember to visit our website, Facebook page and LinkedIn page.

Best Regards,

Shubhash & Betty

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 Update – August 4

Dear Colleagues,

We are adding 1 million plus new cases every 4 days. Does this mean that we will add 38 million cases between now and year end if there are no changes?


Special Notice for Students: The US Casualty Actuarial Society is moving to Computer Based Testing using Pearson Vue approved sites.  There are such sites in Jamaica and Trinidad.  We would like to know if you or anyone you know is a CAS student in any other Caribbean territory.  We will then work with the CAS on your behalf to see what can be arranged.

Please visit our website, Facebook page and LinkedIn page.

Your feedback is much appreciated. Please continue.

Thank you.

Shubhash Gosine

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 – July 16

Hi Everyone,

STUDENTS: Did you see last week’s message from Student Rep Pedro? Read it here.

Details of the SOA’s move to Computer Based Testing.

CAS is also moving to Computer Based Testing.

The IFoA’s new CPD Scheme will come into effect shortly. From 1st September, there will no longer be different membership categories for the purposes of CPD. All Members will be subject to the same requirements in terms of the CPD scheme (including a requirement for 15 hours of CPD) unless they qualify as exempt.

The new CPD Scheme applies to all Members except:

    Student Members;

    QAS Members; and

    Non-Practising Members

Download full details here.


On 9th July 1970, R. Watson & Sons, a UK firm of consulting actuaries, started a branch office in Jamaica.  In the intervening years the company grew through changes in name and partnerships, becoming Duggan Consulting Limited on 1st July 2003.

Our heartiest congratulations to Astor Duggan and everyone at Duggan Consulting Ltd. For 50 Years of Service to their clients and to the actuarial profession!


There is a wealth of actuarial web events available from the larger associations. Here are just a few:

From the SOA:

Life & Annuity Symposium Webcast Series – 13th-24th July

Virtual International Retirement Olympics Webcast – 20th July

COVID-19 Virtual Symposium – 22nd July

More SOA webcasts

From the IFoA:

Current Issues in Life Assurance (CILA) Webinar series – 15th July-3rd August

Modelling Dangers – What to look out for in Terms of Poor Model Selection and Calibration – 27th July

Mortality and Longevity Webinar Series 22nd July-10th August

More IFoA webcasts

CIA webcasts

CAS webcasts


Please visit our website, Facebook page and LinkedIn page.

Best Regards,

Shubhash & Betty

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 – July 2

Hi Everyone,

A winner has been selected for our Conference Theme Competition! Congratulations to Brian Blake of Kingston, Jamaica who submitted the winning entry: Today’s Actuary – Virtually Everywhere.

Our 2020 Virtual Conference will consist of two parts:

Several pre-recorded sessions uploaded in the weeks leading up to our normal conference dates.

Two live sessions every day from 30th November to 4th December.

We’ll shortly be issuing a Call for Speakers for our 2020 Virtual Conference. Keeping in mind our theme, Today’s Actuary – Virtually Everywhere, what topics would you like to see included? Please drop us a line at caa.secretariat@gmail.com.


The University of Nebraska’s Actuarial Research Conference scheduled for mid-August.

The SOA’s COVID-19 Virtual Symposium takes place on 22nd July.

Other SOA webinars

IFoA webinars

CIA webinars

CAS webinars

CPD in a Virtual World by Alison Rose, Chair of the CIA’s Education and Qualification Council and long-serving member of the CAA.


Plastic Free July was started in Australia in 2011. Last year 250 million people worldwide took the pledge. Find out more at PLASTICFREEJULY.org

Please visit our website, Facebook page and LinkedIn page.

Best regards,

Shubhash & Betty

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.