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Welcome to the OCCA Fall Meeting November 4, 2004. Agenda Business Session Jim Christie – International Financial Reporting Standards Applied to Property and Casualty Insurance David Oakden – Is [Enterprise] Risk Management for Actuaries? Pat Teufel – CAS Issues. - PowerPoint PPT Presentation
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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