TORONTO, ON – June 9, 2022 - RSM Canada LLP (“RSM”) - a leading global provider of audit, tax and consulting services focused on the middle market - is pleased to announce that actuarial services partner, Steve Prince, has been selected as the next president-elect of the Canadian Institute of Actuaries (CIA).

The Canadian Institute of Actuaries (CIA) is the qualifying and governing body of the actuarial profession in Canada. The legal definition of Actuary in Canada for signing financial statements of insurance companies, pension plans and other complex calculations requires that the signer be a Fellow of the Canadian Institute of Actuaries. The CIA develops and monitors professional qualifications standards and advances actuarial science for the financial well-being of society.  

As president-elect and then president, Steve will have a major role in the leadership of the profession and guiding its ongoing development and evolution.

“We are incredibly proud to have Steve represent RSM Canada at the highest level of the actuarial profession in Canada,” said Harry Blum, national managing partner at RSM Canada. “This is a critical role for the actuarial profession and the financial services industry, and we are pleased to have thought leaders, such as Steve, contributing his time and expertise to the benefit of the actuarial profession. This recognition is a true testament to Steve’s expertise and dedication to the industry, and I am so pleased to see him rewarded for his endeavours over the past number of years.”

Steve has authored or coauthored a number of publications of the Canadian Institute of Actuaries and the Society of Actuaries related to modeling, valuation, allocation processes and fairness. In June 2021, he also received an Award of Excellence from the CIA for his many years of volunteer work with the CIA. 

As head of RSM Canada’s stochastic modeling unit, Steve has considerable expertise in the development and results-oriented implementation of stochastic models in a wide range of insurance, investment and risk management situations. These models allow companies to analyze and mitigate their exposure to a wide range of opportunities and potentially adverse situations. Steve is also a qualified life valuation actuary and has extensive experience in financial reporting, pricing, Independent Actuary opinions and reviews in the life insurance sector.

In a business environment where the only constant is change, companies need to identify and manage their risks exposure. With proprietary tools and technology. RSM Canada’s actuarial consulting team successfully balances objectives against risks while optimizing economic and financial value. Learn more about the practice by visiting the firm’s website.