Publication archives

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.

Mortality Improvement Supplement for IFRS 17 Estimates of Future Cash Flows for Life and Health Insurance Contracts

The Committee on Life Insurance Financial Reporting is issuing this educational note supplement for two primary reasons. The first is to provide an update to the mortality improvement specific guidance previously provided in the educational note IFRS 17 Estimates of […]

Guidance for the 2024 Valuation of Insurance Contract Liabilities of Life Insurers

The Committee on Life Insurance Financial Reporting has prepared this educational note to provide guidance to actuaries in several areas affecting the valuation of the 2024 year-end insurance contract liabilities and other responsibilities of valuation actuaries of life insurers. In […]

IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts

This educational note was originally published in June 2022 and updated in November 2022. The purpose of this updated version is to adjust some of the language used in subsection 12.4 (Unwinding Claims Incurred in the Current Period) to be […]

2024 Guidance to the Appointed Actuary and Valuation Actuaries of Property and Casualty Insurer

The Committee on Property and Casualty Insurance Financial Reporting of the Canadian Institute of Actuaries has prepared this educational note to provide guidance to the Appointed Actuary and valuation actuaries (referred to as “actuaries” in the rest of this educational […]

IFRS 17 Discount Rates for Life and Health Insurance Contracts

The Committee on Life Insurance Financial Reporting has prepared this educational note to provide guidance related to setting the discount rates for the purpose of calculating the present value of estimates of future cash flows under IFRS 17. The 2024 […]