Publication archives

DRAFT – Guidance on the Use of Margins for Adverse Deviations in Pension Funding Valuations Required by the Terms of an Appropriate Engagement – Draft Educational Note

This educational note provides additional guidance for what to consider in determining if an engagement is appropriate in accordance with the Standards and helps actuaries understand their obligations and considerations when including a margin required by the terms of an […]

Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective June 30, 2026, and Applicable to Valuations with Effective Dates on or After June 30, 2026, and No Later than June 29, 2027 – Educational Note Supplement

The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at June 30, 2026, and recommended to the Actuarial Guidance Council (AGC) assumptions for hypothetical wind-up and solvency valuations with effective dates on or after June 30, […]

Bias considerations within Standards of Practice Part 1000 – General Standards – Notice of Intent

The Actuarial Standards Board (ASB) has established a designated group on bias (DG) to develop recommendations to review the treatment of the topic of bias within the Standards of Practice.Revisions to the Standards are needed to provide more explicit guidance […]

Review of the Standards of Practice with Respect to the Use of Artificial Intelligence in Actuarial Practice – Notice of Intent

This notice of intent outlines the revisions under consideration and it requests feedback as part of the formal due process for amending the Standards.

Minor Revision – Part 1000 General

The Actuarial Standards Board has been informed of a missing word in paragraph 1120.12 (Definition of “best estimate”) of the general Standards of Practice (Part 1000).

Quinquennial Review of Standards of Practice Part 2000 – Insurance – Notice of Intent

The Actuarial Standards Board (ASB) has established a designated group to review Part 2000 of the Standards of Practice of the Canadian Institute of Actuaries. This review is being undertaken as part of the ASB’s customary process of reviewing and […]

Initial Communication of a Promulgation of the Mortality Table Referenced in the Standards of Practice for Pension Plans (Subsection 3530)

The Actuarial Standards Board (ASB) proposes to promulgate the use of the mortality rates underlying the combined 2024 Canadian Pensioner Mortality Table (CPM2024, amount weighted) along with the MI-2024 mortality improvement scale for commuted value calculations, effective February 1, 2027. […]

Initial Communication of a Promulgation of the Mortality Table Referenced in the Standards of Practice for Capitalized Value of Pension Plan Benefits for a Relationship Breakdown (Subsection 4530)

The Actuarial Standards Board (ASB) proposes to promulgate the use of the mortality rates underlying the combined 2024 Canadian Pensioner Mortality Table (CPM2024, amount weighted) along with the MI-2024 mortality improvement scale for capitalized value calculations, effective February 1, 2027. […]

Risk Concentration for P&C Insurance

This practice resource document explores the various dimensions of risk concentration, including its sources, measurement techniques, and implications for P&C insurers. Additionally, it evaluates regulatory frameworks and risk mitigation strategies aimed at addressing excessive exposure to specific risks.

Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2026, and Applicable to Valuations With Effective Dates on or After March 31, 2026, and No Later Than June 29, 2026 – Explanatory Report

The Committee on Pension Plan Financial Reporting (PPFRC) 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 April 23, 2026, which supplements […]