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


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.

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 – 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.

Daily Update – June 21

Greetings and Best Wishes to all the fathers on this special day!

SOA President on Equality: Our Call to Action

IABA’s Message of Support

June 19, “Juneteenth”, commemorates the end of slavery in the United States.  The Caribbean Actuarial Association stands with the International Association of Black Actuaries and the Society of Actuaries in support of greater diversity in the actuarial profession, as we work together with all right-thinking men and women to ensure equal opportunity for all.

Only data tables one and two have been changed today.

Daily Cases (worldwide)

Other News:

IFoA: Election results

           Tan Suee Chieh becomes IFoA President

Candidates for the SOA Board of Directors have been announced. We urge all our members with SOA voting privileges to participate

IAA Webinar: Climate Change, Insurance and Vulnerable Populations on 23rd June

Recordings of the IAA Webinar on ISAP 4: Actuarial Support for the Implementation of IFRS 17 – two Sessions were held last February. Click here for the Recording and Final Presentation.

Considerable: 15 historical predictions about life in 2020 (Just for fun)

Weekend Reading: see Saturday’s post

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.

Daily Update – June 14

Dear Colleagues,

For weekend reading see Friday’s post.

Other News:

Presentations from past CAA Conference on ACTUVIEW.

Contact Betty at caa.secretariat@gmail.com for your code to access the wealth of knowledge on ACTUVIEW.

Keep the feedback coming and remember to share with us any articles or links which might be particularly relevant to the Caribbean or your area of expertise.

Please visit our website, Facebook page and LinkedIn page.

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.

COVID-19 Daily Update – June 7

Dear Colleagues,

The only changes between yesterday and today are the World info, Tables One and Two. The Stringency Table and Table Three, weekly updates, are the same.

Join incoming IFoA President Tan Suee Chieh  on Thursday, 18th June 09:30 – 11:00 (BST) for his address on “Uncertainty, Culture and Imagination”.

On 23rd June at 8:00am EDT, the IAA will be hosting a webinar “Climate Change, Insurance and Vulnerable Populations”. We urge our members to attend if possible.

Weekend reading:

Weekly update of the Stringency Index:

Covid-19: Stringency Index                                                    

As atMar 31stApr 30thMay 29thJune 4th
Aruba82824242
Barbados73898181
Belize55719191
Bermuda52967272
Cuba6783100100
Dominica31857070
Dominican Republic90978484
Guyana57919191
Haiti76838383
Jamaica75878778
Suriname71827278
Trinidad and Tobago80918787
Brazil75778181
Canada73737171
France91916666
Germany73735353
Norway76655555
Panama76829090
Puerto Rico94978686
South Africa88888484
United Kingdom76766765
United States73737373
Venezuela82828585
Source: ourworldindata.org

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.

COVID-19 Daily Update – June 6

Dear Colleagues,

We have left the Stringency table and Table 3 – weekly updates.

Join incoming IFoA President Tan Suee Chieh  on Thursday, 18th June 09:30 – 11:00 (BST) for his address on “Uncertainty, Culture and Imagination”.

Weekly update of the Stringency Index:

Covid-19: Stringency Index                                                    

As atMar 31stApr 30thMay 29thJune 4th
Aruba82824242
Barbados73898181
Belize55719191
Bermuda52967272
Cuba6783100100
Dominica31857070
Dominican Republic90978484
Guyana57919191
Haiti76838383
Jamaica75878778
Suriname71827278
Trinidad and Tobago80918787
Brazil75778181
Canada73737171
France91916666
Germany73735353
Norway76655555
Panama76829090
Puerto Rico94978686
South Africa88888484
United Kingdom76766765
United States73737373
Venezuela82828585
Source: ourworldindata.org

Weekend reading:

Remember to check the links on our website Resources page and on Facebook and don’t forget to get your ACTUVIEW code from our Secretariat!

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.