Publication archives
Educational Note: Guidance on Selection and Disclosure of Plausible Adverse Scenarios
This educational note provides guidance on the selection and disclosure of plausible adverse scenarios under Subsection 3260 of the Standards of Practice. An educational note on this subject was originally issued on February 21, 2019, when the requirements with respect […]
Educational Note: Calculation of Incremental Cost on a Hypothetical Wind-Up or Solvency Basis
The current Standards of Practice require, with limited exceptions, an external user report on the funded status or funding of a pension plan to report the incremental cost on a hypothetical wind-up or solvency basis. This educational note is intended […]
Educational Note: Guidance for the 2023 Reporting of Capital and Financial Condition Testing for Life and Health, P&C and Mortgage Insurers
The Committee on Risk Management and Capital Requirements (CRMCR) has prepared this educational note to provide guidance to actuaries in several areas affecting the reporting of the 2023 regulatory capital requirements and financial condition testing (FCT) of life and health, […]
Practice Resource Document: Bias and Fairness in Pricing and Underwriting of Property and Casualty (P&C) Risks – Checklist
Practice Resource Document: Bias and Fairness in Pricing and Underwriting of Property and Casualty (P&C) Risks
The purpose of this paper is to provide P&C practitioners with an enhanced understanding of bias and fairness, the considerations that go along with these topics, and tools for detecting, evaluating and mitigating potential bias in actuarial risk assessment models. […]
Explanatory Report: IFRS 17 Discount Rate Applications
The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this explanatory report to provide information concerning the application of discount rates used in accordance with IFRS 17 requirements. This explanatory report is structured into seven sections. The first section […]
Educational Note: Assumptions for Hypothetical Wind-Up and Solvency Valuations with Effective Dates on or after December 31, 2022, and No Later Than June 29, 2024
This educational note provides guidance on assumptions to be used for hypothetical wind-up and solvency valuations for 2023 and the first half of 2024. It confirms the initial guidance for 2023 assumptions that was provided in the educational note supplement […]
Educational Note: Applicability of Rules, Standards and Other Guidance to CIA Members
The International Accounting Standards Board (IASB) has promulgated International Financial Reporting Standards (IFRS) that have been adopted by a number of countries around the world. The International Actuarial Association (IAA) has developed standards of practice and other guidance for actuaries […]