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Welcome to the OCCA Fall Meeting November 9, 2005. Agenda Business Session Darlene Hall, FSCO – GISA: New Automobile Statistical Plan August Chow, OSFI – Finite Reinsurance – Regulator Perspective David Oakden, CAS Board – Current CAS Issues and Directions. - PowerPoint PPT Presentation
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Welcome to the OCCA Fall MeetingNovember 9, 2005
Agenda1. Business Session
2. Darlene Hall, FSCO – GISA: New Automobile Statistical Plan
3. August Chow, OSFI – Finite Reinsurance – Regulator Perspective
4. David Oakden, CAS Board – Current CAS Issues and Directions
Minutes of the OCCA Spring MeetingJune 2, 2005
The Ontario Conference of Casualty Actuaries (OCCA) held its Spring meeting on Thursday, June 2, 2005 at Ernst and Young Tower, located at 222 Bay Street, Toronto, Ontario from 4:00 to 6:30 p.m.
1. A motion to approve the minutes of the November 4, 2004 Fall Meeting was carried.
2. A motion to approve the new members and subscribers was carried.
3. The membership survey results, the newsletter initiative and the upcoming golf tournament were discussed.
Minutes of the OCCA Spring MeetingJune 2, 2005
4. The following topics were addressed by our guest speakers:a. Jordan Solway of Chubb – Current Issues, Trends &
Developments in D&O Liability
b. Barb Addie of Baron Insurance Services – Reform or the Road to Government Insurance
c. Charles McLeod, President of the CIA – What’s Happening at the CIA?
5. The meeting was adjourned.
OCCA Income Statement for the 12 months ended September 30, 2005
2005 2004Dues from Members and Subscribers 5,100 4,820Investment Income 0 0Newsletter advertising 600 0Meetings: Spring/Fall Golf
Fees 0 6,125Expenses 2,672 5,722
Net (2,672) 403 (2,270) (3,186)OCCA Scholarships (3,000) (3,000)Donation (100) 0Administrative Expenses (30) (30)
NET INCOME (LOSS) 300 (1,396)
OCCA Statement of Financial Position and Changes in Equity as at September 30, 2005
2005 2004ASSETS
Cash 14,872 10,628Receivables 0 034 OCCA mugs (at cost) 138 214Total Assets 15,010 10,842
LIABILITIES AND EQUITYOutstanding cheques 8,330 4,463Equity
Balance as at Sep 30, 2004 6,379Net Income (Loss) 300Balance as at Sep 30, 2005 6,679 6,379
Total Liabilities and Equity 15,010 10,842
Recipients of the 2005 OCCA Scholarship
Yi Zhu– University of Western Ontario
Judy Wong– University of Waterloo
Daniel H. Alai– University of Waterloo
The following 6 persons have applied for admission as subscribers of OCCA:
Grace Gong Roch Lacroix Brendan O’Malley Cristina Ravineala Eugene Schmeilin Sebastien Vachon
The following 6 persons have applied for admission as members of OCCA:
Vera Afanassieva Denise Cheung John Gaines Michael Lardis Erika Schurr Luc Tanguay
Fourth Annual OCCA Golf Tournament
Held August 23 Cardinal Golf Club 45 people attended Winning foursome:
Charles Paré Sophie Robichaud Eileen Young Mike Jack
Other business
Survey said– More social events
Contact the executive if you wish to volunteer to organize an event.
– Business skills seminarsA seminar on presentation skills is being planned.
Newsletter– Comments, feedback and submissions are welcomed– Contact the executive to place advertising
Nominees for Executive Positions
Vice-President Anne Marie Klein-Lee
Secretary-Treasurer Erika Schurr
OCCA Executive for 2005-06
President – Lisa Guglietti Vice-President – Anne Marie Klein-Lee Secretary-Treasurer – Erika Schurr