Announcements - Current

For all life actuaries

Educational Note Supplement: Calibration of Stochastic Risk-Free Interest Rate Models for Use in CALM Valuation

The Committee on Life Insurance Financial Reporting (CLIFR), through its Calibration Working Group, has reviewed the development of calibration criteria for stochastic risk-free interest rate models since the last publication to reflect experience through the middle of 2016.

These calibration criteria are directly applicable to Canadian risk-free interest rates or instruments denominated in Canadian dollars, but could be adapted for the U.S. and other developed countries.

Questions or comments regarding this educational note supplement may be directed to Stéphanie Fadous at

Announcement Number
May 18, 2017