1. 2006 General Meeting Assemblée générale 2006 Chicago, Illinois
Group Catastrophic Risk
Chris Jansen
Manager, Group Valuation
The Great-West Life Assurance Co.
IP - 24
October 20, 2006
2006 General Meeting
Assemblée générale 2006
Chicago, Illinois

2. Group Catastrophic Risk
Development of Industry Approach:
Significant (maybe uncertain) risk
Informal discussions; common concerns
Key drivers: ERM and three R’s
Other countries and similar risks
Current efforts ineffective
Proactive approach
Standard template and communications

3. Group Catastrophic Risk
Current Direction:
Obtain information for all groups with over 500 lives or $50,000,000 of combined Life & AD&D
Obtain more detailed information for each location with over 200 lives
Utilization of common template
Data expected to be gathered at renewal
Expected implementation by year end 2006

4. Group Catastrophic Risk
Current Companies Participating:
Manulife
Great-West Life
Sun Life
Desjardins
Industrial Alliance
SSQ
RBC

5. Group Catastrophic Risk

6. Group Catastrophic Risk

7. Group Catastrophic Risk
Next Steps:
Prepare required communication materials
Ask CLHIA to hold the template as a CLHIA “Reference Document”
Implementation