Publication archives
Educational Note: Guidance for the 2023 Valuation of Insurance Contract Liabilities of Life Insurers
The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide guidance to actuaries in several areas affecting the valuation of the 2023 year-end insurance contract liabilities and other responsibilities of valuation actuaries of life insurers. […]
Explanatory Report: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective June 30, 2023, and Applicable to Valuations with Effective Dates on or after June 30, 2023, and no later than June 29, 2024
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 July 24, 2023, (Guidance for […]
Educational Note: Subsequent Events
The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) of the Canadian Institute of Actuaries (CIA) has revised this educational note to take into account changes in CIA Standards of Practice (SOP) and International Financial Reporting Standards (IFRS). This […]
Educational Note: Duration Considerations for P&C Insurers – Excel file (2023)
Educational Note: Duration Considerations for P&C Insurers (2023)
This guidance supersedes the previous educational note published in 2017, and adapts the content and illustrative examples to align to actuarial practice under IFRS 17. The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) of the Canadian Institute of […]
Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective June 30, 2023, and Applicable to Valuations with Effective Dates on or after June 30, 2023, and no later than June 29, 2024
The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at June 30, 2023, and recommended to the AGC assumptions for hypothetical wind-up and solvency valuations for valuations with effective dates on or after June 30, 2023 […]
Educational Note Supplement: Changes to the Reference Curves’ Ultimate Risk-free Rate Development Approach Outlined in the Committee on Life Insurance Financial Reporting’s Educational Note on IFRS 17 Discount Rates
The purpose of this educational note supplement is to provide a summary of the changes to the reference curves’ URFR development approach that are expected to be reflected later this year in the IFRS 17 educational notes related to discount […]
Enterprise Risk Management: Managing Risks in Uncertain Times
Consisting of six thought-provoking articles on risk management, this booklet showcases the diverse perspectives of subject matter experts on several contemporary challenges and opportunities.
Exposure Draft (ED) to Revise the Practice-specific Standards of Practice for Social Security Programs (Part 7000)
In 2022, the Actuarial Standards Board (ASB) established a designated group (DG) to review the Practice-specific Standards of Practice for Social Security Programs (Part 7000). A notice of intent (NOI) was issued in October 2022 with a January 31, 2023 comment deadline. […]
Educational Note: Expenses in Funding Valuations for Pension Plans
This educational note is intended to assist actuaries in the selection of appropriate assumptions regarding expenses in funding valuations of pension plans. An educational note on this subject was originally published in January 2007 and updated in September 2014 to […]