Returning Users 6C
Contents
Deleted Readings
The following readings have been deleted from the Fall 2019 Syllabus. Do not reread these! Remove them from your binders and put them in the back of your closet!
Citation Canadian Institute of Actuaries, “Educational Note: Implications of CICA Accounting Standards 3855 and 1530,” January 2007. Canadian Institute of Actuaries, “Research Paper: Disclosure Requirements IFRS 4–Insurance Contracts for P&C Insurers,” October 2010. Mayhall, III, Van R. “A Brief Chronicle of Insurance Regulation in the United States, Parts 1 and II.” Webel, B., “Terrorism Risk Insurance: Issue Analysis and Overview of Current Program,” Congressional Research Service, July 23, 2014, pp. 5-11. Webel, B., “Terrorism Risk Insurance Legislation the 114th Congress: Issue Summary and Side-by-Side Analysis,” Congressional Research Service, January 20, 2015, Summary page and pp. 1-3.
New Readings
The following readings have been added to the Fall 2019 Syllabus. Download these readings from the CAS website or order the Fall 2019 Study Kit. Add these readings to your study binder.
Citation Abbreviation Source
Canadian Institute of Actuaries, “Draft Educational Note: Comparison of IFRS 17 to Current CIA Standards of Practice,” September 2018. Excluding Section 4.2, 4.3, 5.3, 7.3 8.1.2, 8.3.1, 8.3.2 and Appendix E. Candidates will not be tested on issues related solely to life assurance. CIA IFRS 17 online Insurance Institute of Canada, Advantage Monthly, “Terrorism Risk and Insurance,” February 2017. CIP Terrorism online International Actuarial Association, “Risk Adjustments for Insurance Contracts,” May 2018, Overview and Chapter 1 only. IAA Risk study kit
Modified Readings 1
The following readings are updated versions of previous readings. Modifications are detailed on the wiki pages for each of these readings. Pay particular attention since formulas or definitions may change and new material may be added. And don’t waste time studying something that has been excluded for this session.
Citation Abbreviation Source
A.M. Best Company, Inc., A.M. Best Methodology, “Understanding BCAR For Canadian Property/Casualty Insurers,” July 13, 2018, pp. 1-9 (up to Section C), 21-29 (B5 Reserve Risk and B6 Premiums Risk), and 30-31 (B8 Catastrophe Risk) only. AM Best Understanding BCAR online Canadian Institute of Actuaries, “Second Revision of Educational Note: Dynamic Capital Adequacy Testing,” November 2017, excluding Appendices A and B. Candidates are not responsible for details related to life insurance companies. CIA DCAT online Financial Services Commission of Ontario, “Usage-Based Automobile Insurance Pricing in Ontario,” Bulletin A-16/16, December 5, 2016. FSCO UBI online
Modified Readings 2
The following readings are updated versions of previous readings with no material change to the content. Thank goodness!
Ooops, always a “but” – please note any changes whereby chapters or appendices have been excluded.
Citation Abbreviation Source
Canadian Institute of Actuaries, “Educational Note: Margins for Adverse Deviations for Property-Casualty Insurance,” December 2009, Sections 1 to 5 and 11 only. CIA MfAD online Canadian Institute of Actuaries, “Educational Note: Subsequent Events,” October 2015, excluding Appendix B. CIA Subsequent Events online Feldblum, S., “Rating Agencies,” CAS Study Note, October 3, 2011, pp. 1-7 and 14-19, including Appendix A. Candidates are not responsible for Section 4, Appendices B-D, formulæ, and the endnotes. Feldblum online Office of the Superintendent of Financial Institutions Canada, Quarterly Sample Return, 2019, Approved by the Canadian Council of Insurance Regulators – P&C-1Q, pp. 20.10, 20.20, 20.30, 20.42, 20.45, 20.54, 30.61, 30.62, 30.64, 30.66, 30.71, 30.73, 30.75, 30.77, 30.79, 40.07, 60.30, 70.60, 70.61, and 80.10. NOTE: Please use the 2019 edition that has been archived on the CAS Web Site for educational purposes. Candidates may wish to review illustrations of sample Annual Return schedules (please use the link provided on the CAS Web Site). These illustrations are for information only and will not be directly tested. OSFI Annual Return I online
Modified Readings 3
The following readings are updated versions of previous readings. Graham is currently reviewing these updated versions and will advise if there are material changes or not. In the meantime, set these readings aside until further notification.
Citation Abbreviation Source
Canadian Institute of Actuaries, Consolidated Standards of Practice. Add Sections 1240, 1400, 1510, 1600, 1700, and 2100. CIA CSOP online KPMG, “Property and Casualty Insurance Compensation Corporation (PACICC), The Actuaries’ role in safeguarding the solvency of P&C insurers,” March 2015, Parts 1, 2, 5, and 7 (pp. 43-47 only). KPMG PACICC online
