Publication archives
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 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 […]
Exposure Draft to Revise Part 6000 of the Standards of Practice – Practice-Specific Standards for Post-Employment Benefit Plans
In May 2020, the Actuarial Standards Board (ASB) established a designated group (DG) to review the Standards of Practice (SOP) for Post-Employment Benefit Plans (Part 6000, hereinafter “the SOP”). A notice of intent (NOI) was issued in June 2021 with a September […]
Explanatory Report: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2023, and Applicable to Valuations with Effective Dates on or after March 31, 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 May 1, 2023, (Guidance for […]
Practice Resource Document: Risk Diversification
This resource document addresses the topic of risk diversification as it relates to all areas of actuarial practice: life and health insurance, property and casualty insurance (P&C), mortgage insurance and pensions. It is intended to be an overview resource for […]