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For members in life insurance

Educational Note: Guidance for the 2018 Valuation of Insurance Contract Liabilities of Life Insurers

The purpose of this educational note is to provide guidance to actuaries in several areas affecting the valuation of the 2018 year-end insurance contract liabilities of life insurers for Canadian generally accepted accounting principles (GAAP) purposes. In addition, the note provides an update on recently published experience studies and introductory information about potential changes in future financial reporting. The guidance in this educational note represents a majority view of the members of the Committee on Life Insurance Financial Reporting (CLIFR) of appropriate practice consistent with the Standards of Practice.

If you have any questions, please contact Stéphanie Fadous, Chair, Committee on Life Insurance Financial Reporting.

Announcement Number
2018-09(04260)
September 12, 2018