INTRODUCTION Dave Dickson Chair of the CE Committee. Employee of Foresters. Large Canadian Fraternal which offers financial products and other services to its members in Canada, the US and UK. Toronto is our Int’l head quarters from which we administer our N.A. business. Foresters has over 1 Million members. Dave Dickson Chair of the CE Committee. Employee of Foresters. Large Canadian Fraternal which offers financial products and other services to its members in Canada, the US and UK. Toronto is our Int’l head quarters from which we administer our N.A. business. Foresters has over 1 Million members.

AGENDA Agenda CPD requirements. Communications Processes. Tracking Tool. CE Committee Initiatives Agenda CPD requirements. Communications Processes. Tracking Tool. CE Committee Initiatives

CPD REQUIREMENTS Minimum of 100 hours every 2 years. 24 must be structured. At least 12 structured must be Technical. Minimum of 4 hours, structured or unstructured, for both Professionalism and Business and Management skills. Minimum of 100 hours every 2 years. 24 must be structured. At least 12 structured must be Technical. Minimum of 4 hours, structured or unstructured, for both Professionalism and Business and Management skills.

CPD REQUIREMENTS Filing of proof of compliance annually. First filing as of Dec 31, 2007 for the calendar years 2006 & Filing of proof of compliance annually. First filing as of Dec 31, 2007 for the calendar years 2006 & 2007.

CPD REQUIREMENTS Requirements apply to all members, including those doing only non- Canadian work. Also applies to Associates/Affiliates. Students writing exams are exempt. Requirements apply to all members, including those doing only non- Canadian work. Also applies to Associates/Affiliates. Students writing exams are exempt.

CPD REQUIREMENTS Exemptions allowed such as: – Not practising as an actuary. – Retired. – Unemployed. – Students writing exams. Exemptions allowed such as: – Not practising as an actuary. – Retired. – Unemployed. – Students writing exams.

COMMUNICATIONS Communications identified as key for the CE Committee. Bulletin articles. CPD spotlights. reminders. Meetings. Communications identified as key for the CE Committee. Bulletin articles. CPD spotlights. reminders. Meetings.

2008 PROCESSES Forms to be filed between Dec 1, 2007 and Feb 15 th 2008 for years 2006 & Secretariat and CE Committee will work with members who do not file. Exemptions can be applied for in early Forms to be filed between Dec 1, 2007 and Feb 15 th 2008 for years 2006 & Secretariat and CE Committee will work with members who do not file. Exemptions can be applied for in early 2008.

TRACKING TOOL Available on the member’s only site. Site is secure; information backed up. Members are encouraged to use it. Convenient way to track hours. Better for the CIA that the tool is used. Available on the member’s only site. Site is secure; information backed up. Members are encouraged to use it. Convenient way to track hours. Better for the CIA that the tool is used.

TRACKING TOOL Tracking tool stats: Number of members who have used it through May 14, 2007…1,143. Average number of hours per member … Breakdown: Technical (70%), Professional (9.5%), Business (20.5%). Structured (63.1%), unstructured (36.9%). Tracking tool stats: Number of members who have used it through May 14, 2007…1,143. Average number of hours per member … Breakdown: Technical (70%), Professional (9.5%), Business (20.5%). Structured (63.1%), unstructured (36.9%).

CE COMMITTEE INITIATIVES CPD Home Page. Tracking Tool improvements. CIA webcasts. Ongoing communications. CPD Home Page. Tracking Tool improvements. CIA webcasts. Ongoing communications.

Skills and Knowledge Inventories (SKIs) AGENDA Background Process/Purpose Design Status

SKI - Background Task Force was created in late 2005 –First meeting held in March 2006 –Initial focus was on the 6 “existing” practice areas as defined by the CIA Leaders appointed for each practice area –Pension: Bill Osenton –Group: Shannon Patershuk –Investments: Frank Grossman –P&C: Cara Low –Life: Robert Mallette –AE: Guy Martel

SKI - Process Each practice area within the task force has 2 or 3 members These sub-groups have been in contact with members of each Practice Committee for feedback/comments Seek member input as much as possible –Focus has been to be open and flexible

SKI - Process Consistent format to be used for each practice area Each inventory will include: –SKI chart –Description of knowledge levels –Information regarding skills & knowledge subjects –Details regarding practitioner categories –Suggested resource/reading list

SKI - Purpose The SKI was developed to support Members’ Continuing Professional Development program. Special emphasis was placed on technical matters, however, the SKI should not be construed as a definitive description of the competencies required of those practicing in any given area. Similarly, familiarity with all of the information contained in the SKI is not a necessary condition to meet the CIA’s CPD Qualification Standard.

Design - Sample SKI Table Ia Skills and Knowledge Subjects for Various Practitioner Categories ABC Skills and Knowledge SubjectsPractitioner APractitioner BPractitioner C Actuarial Resources 1 Subject #1AWD Actuarial Methods 2 Subject #2AW Tax/Legal Environment 3 Subject #3DDD Specialist Knowledge 4 Subject #4WWD

Sample SKI The letter in each box indicates the level of skills and knowledge that a Member working in a given role should look to achieve. The level may vary from that indicated depending on the specific requirements of any practitioner’s role. The letter codes are defined as follows: Table Ib Blank BoxNo specific requirements have been identified for that subject A Basic Knowledge and General Awareness The Member needs a general awareness of the basic facts and also of the broad implications of the subject. W Wide Knowledge The Member may not need detailed knowledge but does require a deep understanding of the subject area and its implications, as well as its potential interaction with other subjects. D Detailed Knowledge and Experience The Member needs to be able to effectively apply the subject in practice, have detailed knowledge of the facts and be able to adjust the approach based on circumstances particularly for unusual situations.

Sample SKI Table II Additional Information Regarding Skills and Knowledge Subjects Skills and Knowledge Specifics 1Subject #1: models, industry tables 2Subject #2: formulas, statistics, reserves 3Subject #3: guidelines, rules, results 4Subject #4: calculations, bases, tables

Sample SKI Table III Additional Details Regarding Practitioner Categories A Practitioner A: Assessment of impact of trends at the policy level. Formulation of strategies to mitigate risk for clients. B Practitioner B: Development of product concepts and designs. Analysis of market trends including changes in tax and/or legal environment. C Practitioner C: Monitoring of experience, credibility and trends. Formulation and implementation of mortality and morbidity factors, interest rate strategies, expense ratios. Analysis of new product concepts and changes to tax/legal environment.

Sample SKI Members must decide for themselves whether material in reference list is relevant to their own development The list is meant to accommodate practitioners of various experience levels and with widely different development requirements Members are required to be familiar with the SOP so they are not specifically included in the reference list

Sample SKI Table IV Suggested Resources for Skills and Knowledge Subjects Resources by Broad Category: Actuarial Resources (R); Actuarial Methods (M); Tax/Legal Environment (T); Specialist Knowledge (S) RResource 1 ( RResource 2: TSA XXIII “Title” M Resource 3 (may be ordered from Evans Bookstore, 11 Irwin Avenue, Toronto, ON M4Y 1L1, (416) ) MResource 4 ( MResource 5 (2004 CIA Study Note) TResource 6 TResource 7: specific websites SResource 8

SKI - Status The SKI Task Force will wind up over the next few months A recommendation will be put forth for ongoing revision and update of the reference lists The Skills and Knowledge Inventory for each of the 6 practice areas will be posted to the CPD section of the CIA website

SKI – Reference Lists To assist the CE Committee in keeping the reference lists current and relevant to CIA Members, we encourage practitioners to share with the Committee additional documents and references not already included. Please contact the CE Committee at with this information

QUESTIONS