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Morbidity considerations in the time of COVID-19

The impact of COVID-19 on morbidity experience is still unknown at this stage. In this article, Mario St-Hilaire and Steve Turmel discuss the key considerations that relate to the assumption-setting process for morbidity in these unprecedented times.

Considerations for financial condition testing in 2020 given the COVID-19 pandemic

By Michelle Lindo, FCIA, Chair of the Committee on Risk Management and Capital Requirements Which items should we pay special attention to in the FCT this year given that we are in the midst of the COVID-19 pandemic? Adjustments to […]

IASB affirms extension of IFRS 17 effective date and IFRS 9 temporary exemption for insurers to January 1, 2023

At a meeting on March 17, 2020, the International Accounting Standards Board (the Board) recommended delaying the effective date of the IFRS 17 Insurance Contracts to January 1, 2023.

IFRS 17 and the Appointed Actuary in Canada

IFRS 17 – Insurance Contracts, the new accounting standard currently expected to become effective for Canadian insurers in 2022, presents fundamentally new approaches to methodology, assumptions, and reporting and disclosure requirements.