Publication archives

Minor correction to Standards Part 6000 – Non-Pension Employee Future Benefit Plans

The Actuarial Standards Board has made a minor correction in paragraph 6410.13 of Part 6000 of the Standards of Practice – Non-Pension Employee Future Benefit Plans.

Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2024, and Applicable to Valuations with Effective Dates On or After September 30, 2024, and No Later Than June 29, 2025 – Explanatory Report

The Committee on Pension Plan Financial Reporting is issuing this explanatory report to provide members with additional information and details on the analysis done for the guidance outlined in the educational note supplement dated October 29, 2024, which was issued […]

Skills and Knowledge Inventories for the Individual Insurance Area of Practice

This resource document is meant to assist CIA members practising in individual insurance gauge their skills and knowledge within this area. The Skills and Knowledge Inventory should not be construed as a definitive and complete description of the all the […]

IFRS 17 Risk Adjustment for Non-Financial Risk for Life and Health Insurance Contracts

The Committee on Life Insurance Financial Reporting has prepared this educational note to summarize some of the methods available to calculate the risk adjustment for non-financial risk and its corresponding confidence level, in accordance with IFRS 17 requirements.

Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2024, and Applicable to Valuations with Effective Dates on or after September 30, 2024, and no later than June 29, 2025

The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at September 30, 2024, and recommended to the Actuarial Guidance Council assumptions for hypothetical wind-up and solvency valuations with effective dates on or after September 30, 2024 […]

Policy on Due Process for the Approval of Guidance Material Related to the Interpretation of Standards of Practice

This document describes the Institute’s process for the approval and revision of educational notes, educational note supplements and explanatory reports.

Policy on Due Process for the Adoption of Standards of Practice

This policy on due process describes the Actuarial Standards Board’s (ASB) criteria and process for the adoption of Canadian actuarial standards of practice. It outlines the roles and responsibilities of the ASB and the groups that develop standards and describes […]

Quinquennial Review of Standards of Practice Part 1000 – General Standards – Exposure Draft

This exposure draft outlines the proposed changes to Part 1000, and it requests feedback on the revisions as part of the formal due process for amending the Standards of Practice.

Expected Mortality: Fully Underwritten Canadian Individual Life Insurance Policies

This educational note applies to Canadian individual life insurance business that is fully underwritten. However, many of the concepts covered will be useful to actuaries in establishing mortality assumptions for other types of business.

Assumptions for Hypothetical Wind-Up and Solvency Valuations with Effective Dates on or after June 30, 2024, and no later than June 29, 2025

This educational note provides guidance on assumptions to be used for hypothetical wind-up and solvency valuations for the second half of 2024 and the first half of 2025.