Facility Association surveys membership on risk-sharing pools

Facility Association (FA) has undertaken a survey to help assess the impact of various current issues – product reform, constitutional challenges, changes in reserving and reporting practices, HST, etc. – on its risk-sharing pools (RSPS).”We expect the information to provide some of the insights necessary to identify and better allow for changes in RSPS experience,” FA said in a member bulletin posted online.The deadline for completing the survey was July 5, 2010.The questions on the survey are actuarial in nature; specific company data collected is not accessible to FA. All responses are to be kept confidential.The 14-page survey includes a general question directed to all risk-sharing pools (Ontario, Alberta, New Brunswick and Nova Scotia), and questions relating to specific issues facing individual jurisdictions.FA provides the following example of the nature of its questions in a member bulletin on its Web site: “In Ontario, for example, the unique RSPS (risk-sharing pools) valuation issues currently include the following:• Significant growth in the volume of business ceded to the RSP• Apparent deterioration in the experience of the business ceded to the RSP• Product reform being implemented effective Sept. 1, 2010, and• HST being introduced effective July 1, 2010.”