ACTEX eLearning and the Canadian Institute of Actuaries Present:
ACTEX eLearning Webinar:
An Actuarial Overview of LICAT
This is a potential source of 1 hour of CPD for the Canadian Institute of Actuaries.
1.2 SOA CPD Credits/Training Hours
(All prices are USD)
An Actuarial Overview of LICAT
In September 2016, Canada’s Office of the Superintendent of Financial Institutions (OSFI) released Guideline A: Life Insurance and Capital Adequacy Test (LICAT). The LICAT will replace the current MCCSR guideline as of January 2018.
This webinar will provide an overview of the new LICAT guideline and introduce you to both non-actuarial and actuarial concepts that are important for your understanding of these new guidelines. The webinar compares the outgoing MCCSR guideline with the new LICAT guideline with side-by-side comparisons.
This webinar is targeted to those who are new to LICAT or those who have a basic understanding of LICAT, but who seek a more in-depth understanding. We will delve into the new guideline and cover topics such as Available Capital, Surplus Allowance, Eligible Deposits and the Base Solvency Buffer. As the guideline is over 180 pages long, the webinar distils and presents the key concepts in an understandable format.
You will learn from an Actuary who has completed the LICAT filing process for several companies across Canada. He has presented on the topic to boards, management and to fellow actuaries. He is well versed in the new LICAT guideline and will bring his knowledge to you.
Who Should Take this Course?
- Actuaries practicing in Canada;
- Appointed Actuaries, Valuation Actuaries or Actuaries who review this work;
- Actuaries working in financial reporting roles, valuation roles and/or capital management roles;
- Pricing Actuaries;
- Actuaries working in Enterprise Risk Management roles;
- Actuarial students working in valuation, financial reporting, or in a capital division.
At the conclusion of the session, attendees will be able to:
- Understand the key components of the new LICAT guideline and the differences in relation to the outgoing MCCSR guideline;
- Identify elements of Available Capital;
- Understand what makes up the Surplus Allowance and Eligible Deposits;
- Identify the components of the Base Solvency Buffer;
- Apply their understanding of the new LICAT guideline to their work.
Instructor Clayton Zaluski, FCIA, FSA
Clayton is a Consulting Actuary and Partner at Worden Zaluski Consulting Actuaries specializing in Appointed Actuary work, financial reporting and insurance pricing. He is also the founder and one of the lead instructors at XP Actuarial, which provides study material for the SOA’s Corporate Finance and ERM exam. His combination of Consulting and Instructor experience offers him a unique perspective.
The registration fee includes access to the webcast recording and supplemental materials for up to 180 days.
All prices are in USD.
Please Note: Participants must agree to the ACTEXeLearning.com Site Policy in order to access this webinar.
What is the difference between 10+ participants & 1-connection and 10+ participants & Multi-connection?
'Connection' refers to how many participants will access our Webinar by signing-in at ACTEXeLearning.com.
Customers who have purchased a 1-connection option will have the purchaser sign-in and share the video on their monitor (or via video-conference, Skype or other video sharing format) with up to the number of participants purchased for. Username and password information is not to be shared with the other participants.
Customers who have purchased our Multi-connection option will be sent login information and an access key. Each participant will then be able to login on their own computer, with their own username & password, at their own convenience.
- Access information is sent to the email address listed under Shipping Information on your order.
- If you have 8+ participants needing their own access you should select our Multi-connection option for the best value.
- All registrations include 180-day unlimited on-demand access to the Webinar and the handouts.
Discount for Full-Time Students:
Students with current enrollment as a full-time student at any college/university are eligible for a 50% discount. In order to access this discount, please email proof of enrollment using your college/university e-mail address to Support@ActexMadRiver.com. Examples of enrollment proof would be a copy of your registration information, or an unofficial transcript.
Discount for Active Military Personnel:
Active U.S. Military personnel are eligible for a 50% discount off the course tuition fee. In order to access this discount, please email us at Support@ActexMadRiver.com from your military email address.
Discount for Educators:
Faculty members of any accredited higher-education institution are eligible for a 20% discount. In order to access this discount, please contact us via email at Support@ActexMadRiver.com using your college/university e-mail address.
Discount for Educators for Class Use:
Instructors at any accredited higher-education institution are eligible for a 50% discount off any of the 3+ Participants registration options for viewing with students. In order to access this discount, please contact us via email at Support@ActexMadRiver.com using your college/university e-mail address.
Discount for Regulatory Actuaries:
Regulatory Actuaries (Regulators) are eligible for a 30% discount. In order to access this discount, please contact us via email at Support@ActexMadRiver.com using your government e-mail address.