1. CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006 - Les 29 et 30 juin 2006 Ottawa, Ontario GEN 41 - A Brave New World – CPD for Actuaries

2. A Brave New World - CPD for Actuaries AGENDA Dave Dickson –Chair of the CE Committee –Report on implementation of new CPD requirements introduced Jan 2006 Guy Poliquin –Background on the Skills and Knowledge Inventories (SKIs) Kathy Thompson –Members of the SKI Task Force –Progress report on the SKIs Task Force Questions / Discussion

3. New CPD Requirements for CIA Members Presented by: Dave Dickson GEN-41 A Brave New World – CPD for Actuaries

4. New CPD Requirements AGENDA CPD Changes introduced Jan. 1 st 2006 Communications 2008 Processes Tracking Tool Future Education Opportunities

5. CPD Changes Jan 1 st 2006 CPD requirements apply to members doing non-Canadian work Requirements to file proof of compliance –First filling required in early 2008 for the calendar years 2006 & 2007 Requirements to direct some of the 100 hours –Minimum of 12 structured hours must be technical

6. Communications Communications identified as key for CE Committee Recent Bulletin articles Series of newsletters (CPD spotlight) E-mail reminders

7. 2008 Processes Current plan is to require forms to be filed between Jan 1 st and Feb. 15 th 2008 for years 2006 & 2007 CE Committee will work with members who do not file on time Encouraging the use of the CIA’s on-line Tracking Tool Exemptions can be applied for in early 2008

8. Tracking Tool Available on the member’s only site Site is secure; information backed up Members are encouraged to use it Convenient way to track hours Better for the CIA if that tool is used Have received numerous improvement ideas from members and will implement most of them

9. Tracking Tool More and more members are using the Tracking Tool Tracking Statistics: –Number of members who have used it through June 1 st 2006: 466 –Average number of hours per member: 20 hrs –Type of CPD: Technical (68%) Management & Business (20%) Professional (12%) –Structured (58%) and unstructured (42%)

10. Tracking Tool - Sample

11. Future Education Opportunities CIA Webcasts Recording of CIA sessions –Coordinating audio and video and putting on CIA website AAA CPD Calendar on our website

12. Skills and Knowledge Inventories (SKIs) Kathy Thompson Guy Poliquin Session GEN-41

13. Skills and Knowledge Inventories (SKIs) AGENDA Background Process Design Current Status Outstanding Issues

14. Background - SKIs Original idea came from the UK Institute More guidance was needed on what was expected from our members –CIA’s CE requirements were moving away from a purely hourly measurement to a more subjective “knowledge” base SKIs are guides (not mandatory) to assist members

15. Background - SKIs Task Force was created in late 2005 –First meeting held in March 2006 –Initial focus was on the 6 “existing” practice areas as defined by the CIA Leaders appointed for each practice area –Pension: Bill Osenton –Group: Shannon Patershuk –Investments: Frank Grossman –P&C: Cara Low –Life: Robert Mallette –AE: Guy Martel

16. Process - SKIs Each practice area within the task force has 2 or 3 members These sub-groups have been in contact with members of each Practice Committee for feedback/comments Seek member input as much as possible –Focus has been to be as open and flexible as possible The SKIs will continue to evolve

17. Process - SKIs Consistent format to be used for each practice area Each inventory will include: –SKI chart –Description of knowledge levels –Information regarding skills & knowledge subjects –Details regarding practitioner categories –Suggested resource/reading list TOOL to assist in development of technical skills (members are free to use them or not)

18. SKI Grid - Design Two components –Chart: Rows represent the skills and knowledge subjects Columns represent the practitioner categories Boxes within grid intended to provide guidance as to level of knowledge recommended –Reading Material: Documents / References to support the SKI chart Will be maintained on the CIA website Provide enough details to locate the “source” with relative ease Not the only acceptable documents … remember, it’s only a guide

19. SKI Grid - Pension

20. SKI Grid - Group

21. SKI Grid - Investments

22. SKI Grid - Life

23. Next Steps Pension & Investments –drafts distributed to members in June requesting comments re content, structure and perceived usefulness Group –pending distribution to group actuaries as well as broader membership (target June/July) Life –Draft of the grid completed –Next step is to get feedback from life practice committees Actuarial Evidence –grid almost complete; target distribution to members in August with discussion at AE seminar in September P&C –Draft grid completed and distributed to P&C committees for comments

24. Outstanding Issues SKI’s are a journey, not a destination –We need a process to ensure the guides remain current and useful to members Knowledge categories –Is grouping/standardization of the “rows” desirable/practical? Reading Material –What do members expect/need?

25. CIA Annual Meeting Assemblée annuelle de l’ICA Questions ? Session GEN-41