Canadian Institute of Actuaries L’Institut canadien des actuaires 2008 Seminar for the Appointed Actuary Colloque pour l’actuaire désigné 2008

Subsequent Events Introduction to new study note and decision tree Jacque Alberta Auto example Kevin Other examples You! Next steps Kevin/Jacque

Introduction to Study Note February 8, 2008 Alberta’s Court of Queen’s Bench decision February 18, 2008 Ontario Family Day vs. P&CFRC meeting?! Current Standards of Practice Need for better guidance

Process Identification of examples for study note Mapping of table in Standards of Practice to a decision tree Drafting and review Start to finish – about three months

Examples in Study Note Catastrophic event Judicial decision Failure of a reinsurance company Change in investment markets Knowledge of missing claims Late reported claims Change in insurance industry benchmarks