Weekly News Update – July 28

Jamaica’s Ministry of Finance announced last Friday that it had completed issuance of a Catastrophe Bond through the World Bank. The Jamaican government is the first in the Caribbean and the first island state in the world to independently access the CAT bond market. The bond will provide the GoJ with critical disaster insurance protection against losses from named storms across three Atlantic hurricane seasons up to December 2023. More details at the World Bank website.

CBTT: Launch of 2020 Financial Stability Report webinar 5th August.


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 THIS WEEKEND. Please read our CPD Policy then complete your online attestation NOW.

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


Actuarial articles & webinars of interest:

Climate Corner:

Food for Thought:

The downside of 21st Century Technology


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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 16

Hi Everyone,

Actuarial Updates:

Articles/Papers:

Events & Webinars:

ICA 2023 Bridge to Tomorrow – 28th May-1st June 2023, Sydney, Australia
Stay tuned for details of an exciting CAA Webinar – Extending the Actuaries’ Reach!
Food for Thought

Do we brainwash our children into gender roles from birth? Girls help with housework, boys told to “go play outside”. Girls allowed to show emotions, boys encouraged to hide theirs.

Climate Corner
To The World

Caribbean medicine making waves internationally

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 – 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.

Weekly Update – January 26

Hello Everyone,

Last week we shared our 2020 Keynote Session with you. This week we turn your attention to two other important sessions, both of which covered extremely important topics. Our 2020 sessions, as well as some from 2018 and 2019, are available for viewing on actuview. If you have mislaid your actuview code, please contact our Secretariat.

The Presidents’ Town Hall was our opening session. Representatives from the International Actuarial Association, Society of Actuaries, Institute & Faculty of Actuaries, Canadian Institute of Actuaries, Casualty Actuarial Society, Actuarial Society of South Africa, Institute of Actuaries of India, Actuarieel Genootschap and the International Association of Black Actuaries joined our own President to discuss matters of concern to all of us. These included COVID-19, Diversity and Climate Change.

Our Plenary Session on the second morning was Chapter Six of an ongoing conversation: Diversity of Thought – Promoting Inclusion in the Actuarial Profession (no code required). At this talk the core team of Cathy Lyn, Tonya Manning and Marjorie Ngwenya were joined by senior actuaries from several countries and cultural backgrounds.

We likely all agree that we in the Caribbean are a diverse lot. We definitely have diversity and generally have equality when it comes to race, ethnicity, culture and, to a fair extent, gender but we are woefully in step with most of the world when it comes to socio-economic backgrounds. We could all do better by listening to and mentoring those from underprivileged backgrounds.

Black Lives Matter, which started in the USA several years ago, came to the forefront again in 2020 after the killing of George Floyd. But this time, with so many more suffering economically because of COVID-19 lockdowns, it took on more visibility and spread around the world, with different interpretations in different countries but with one thing in common: protesting against injustices perpetrated by the powerful upon the powerless. Statues of past “heroes” were torn down and places and entities renamed across the world. As we quite rightly rewrite history, we must be cautious not to remove certain individuals from the records altogether as “those who forget the past are doomed to repeat it”.

Most of us have heard of Ada Lovelace, the nineteenth century mathematician, but how many other accomplished pre-twentieth century women have been lost to us because they were not the daughter or sister or wife of a (male) celebrity of the day? Another story goes that, ninety years ago, the Nobel Committee informed Pierre Curie that he was to receive their prestigious prize. He replied that he would be obliged to decline unless the award was also given to his wife, Marie, who had done as much, or more, on the project than he had. How many other brilliant women were ignored because their team mates were not as ethical as Pierre? How often throughout history was “the woman behind the man” in actual fact “the woman beside the man”? Meet 10 Women in Science Who Changed the World.

The CAA can be justifiably proud of our diversity. We started as the brainchild of four actuaries: two men and two women from four different Caribbean nations, speaking three different languages. Today our membership is 50% women and 50% men. We live and work in twenty countries. We are a myriad of cultures and every shade of skin colour. We are Christian, Jew, Muslim, Hindu, agnostic.  All working together. What are the advantages of this diversity?

Here are a few more articles of interest speaking to Diversity and Equality:

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.