06Jul2011
Author
mboot
Category
General

The Royal Couple and the CIA

by Mike Boot, Managing Director of Actuarial Marketplace Solutions

MikeBoot The title might indicate that the Central intelligence Agency is investigating William and Kate before their North American visit. However, it really is meant to indicate that Ottawa, Canada, last week was host not only to William and Kate, but also the Canadian Institute of Actuaries (CIA) Annual Meeting and an SOA delegation. This meeting was well attended with over 500 people present. A variety of sessions included global developments such as Solvency II, IFRS and product development in the United States and the United Kingdom.

The SOA was pleased to be invited by the CIA to be actively engaged at their annual meeting. SOA President Don Segal gave a brief address during the reception, and SOA Staff Fellow Robert Wolf presented at a Hot Topics in Risk Management session that was sponsored by the Joint Risk Management Section.

President Don Segal, SOA Executive Director Greg Heidrich, and I presented a session on the topic of SOA’s Canadian Member Engagement Initiative. The SOA has nearly 4,000 members in Canada, which is 18 percent of our membership.

At the October 2010 Board meeting, the SOA Board approved a set of key initiatives including Canadian Membership Engagement. Funding was also established to carry this work forward. This initiative arose out of concern that Canadian members have expressed in the SOA’s annual member and candidate survey.

The goal of this initiative is to increase the value of the SOA membership to Canadian members as well as highlight existing programs. It includes deepening the SOA relationship with the CIA, dedicated Canadian program goals, and a local Canadian staff presence working with other SOA staff and volunteers to achieve this end. We expect to see progress on this initiative in its first year, but it is expected to be a multi-year effort, eventually becoming standard operating procedure for the SOA.

Canadian members—how can the SOA better serve you? Please share your thoughts in the Comments section.

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