Welcome to the OCCA Fall MeetingNovember 4, 2004

Agenda1. Business Session

2. Jim Christie – International Financial Reporting Standards Applied to Property and Casualty Insurance

3. David Oakden – Is [Enterprise] Risk Management for Actuaries?

4. Pat Teufel – CAS Issues

Minutes of the OCCA Spring MeetingJune 3, 2004

The Ontario Conference of Casualty Actuaries (OCCA) held its Spring meeting on Thursday, June 3, 2004 at Ernst and Young Tower, located at 222 Bay Street, Toronto, Ontario from 4:30 to 7:00 p.m.

1. A motion to approve the minutes of the November 27, 2004 Fall Meeting was carried.

2. A motion to approve the new members and subscribers was carried.

3. Due to the resignation of Bill Premdas, nominations were opened for the Vice President position. The vacancy was filled by acclamation with Lambert Morvan.

Minutes of the OCCA Fall MeetingJune 3, 2004

4. The following topics were addressed by our guest speakers:a. David Simpson of Facility Association, presented an informational

session about FA

b. Brian FitzGerald, President-elect of the CIA, spoke about the CIA's role in the current environment of greater scrutiny of financial professionals and recent criticisms of the actuarial profession

5. The meeting was adjourned.

OCCA Income Statement for the 12 months ended September 30, 2004

2004 2003Dues from Members and Subscribers 4,820 4,045Investment Income 0 1Meetings: Spring/Fall Golf

Fees 0 4,340Expenses 3,205 4,321

Net (3,205) 19 (3,186) (2,402)OCCA Scholarships (3,000) (3,000)Administrative Expenses (30) (30)

NET INCOME (LOSS) (1,396) (1,387)

OCCA Statement of Financial Position and Changes in Equity as at September 30, 2004

2004 2003ASSETS

Cash 10,628 10,334Receivables 0 84034 OCCA mugs (at cost) 214 314Total Assets 10,842 11,488

LIABILITIES AND EQUITYOutstanding cheques 4,463 3,712Equity

Balance as at Sep 30, 2003 7,775Net Income (Loss) (1,396)Balance as at Sep 30, 2004 6,379 7,775

Total Liabilities and Equity 10,842 11,488

Recipients of the 2004 OCCA Scholarship

Xiuzhen Wu– University of Toronto

Hong Zheng– University of Western Ontario

Denise Leung Yu Cheung– University of Waterloo

The following 7 persons have applied for admission as subscribers of OCCA:

Todd Anderson Danielle Badali Kevin Chong Rafael Gonzalez Emile Swanepoel Ian Weir Wandy Yau

The following 7 persons have applied for admission as members of OCCA:

Nicolas Beaudoin Matthew Buchalter Kristen Gill Jeffrey Ill Nathalie Lavigne Raul Martin Dan VanderPloeg

Nominees for Vice President

Lisa Guglietti

OCCA Executive for 2004-05

President – Lambert Morvan Vice-President – Lisa Guglietti Secretary-Treasurer – Patricia Hladun

Third Annual OCCA Golf Tournament

Held August 19 Kleinburg Golf Club 34 people attended Winning foursome:

Barb Addie Paula Elliott David Oakden Charles Paré