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

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

3. 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

4. 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

5. 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