News Update – July 30

Hi Everyone:

Students sitting SOA Exams

Earlier this 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.


All Members

CAA CPD attestation closes tomorrow, 31st July!

All Ordinary, Affiliate and Associate Members of the Caribbean Actuarial Association are required to do Continuing Professional Development. This requirement became effective 1st January 2010. Attestation is done online by logging into our website.

The Caribbean Actuarial Association’s requirements for Continuing Professional Development (CPD) by its Members are the same as the requirements for Continuing Professional Development of the professional body through which the Member attained full qualification as an Actuary or through which the Member has pursued or is pursuing actuarial examinations, or which the Board of Directors has approved. Members who are Category 3, partially regulated members, of the Institute and Faculty of Actuaries (IFoA) must comply with the CPD requirements applicable to Category 2 members of the IFoA.

IFoA members please note: Changes made by the IFoA to their CPD requirements this year do not apply to your CAA attestation being made for 2019.

Members who do not attest by 31st July will be recorded as non-compliant and this status will appear in the membership directory on our website. They will also be required to inform those relying on their actuarial expertise that they are not compliant with the CAA CPD Policy.


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 9

An Important Message for All Students sitting SOA Exams

Dear Students,

In June 2020, the Society of Actuaries (S0A) announced that all examinations will be moving to a computer-based testing (CBT) approach beginning with the Fall 2020 exams.

We know that many of our actuarial students are SOA candidates and will be impacted by this change. The move to full CBT exacerbates the known problem of limited SOA exam centres available to candidates in the Caribbean. The only Prometric CBT centre within the CAA community is in Trinidad. The existing SOA paper-based locations are in Bahamas, Barbados, Bermuda and Jamaica.

The SOA is aware of the geographical challenges in the Caribbean and the specific issues that their recent decision to convert the majority of their exams to computer-based delivery from October 2020 will cause. The CAA has engaged the SOA and we will be working together towards a solution that ensures that Caribbean actuarial candidates are not disadvantaged.

We will aim to provide an update on our progress by the end of July 2020.

Regards,

Pedro Medford

CAA Board – Student Representative


Please visit our website, Facebook page and LinkedIn page.

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 Update May 16

Dear Colleagues,

Week-end reading suggested yesterday:  the latest version of the SOA’s Research Brief. That and other documents may be downloaded here.

I have included the Stringency Index as at today’s date. Graphs from yesterday remain below.

We are working on additional meaningful graphs which will be shared in the coming week.

Remember to check the Resources page on our website.

Thank you.

Shubhash Gosine

__________________________________________

These graphs are for illustration and comparison purposes using readily available data. I will update and include the highlighted countries early next week.

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.