Publication archives
Second Revised Exposure Draft to Incorporate changes required by the adoption in Canada of IFRS 17 Insurance Contracts, including Principles of International Standard of Actuarial Practice 4 – Actuarial Practice in Relation to IFRS 17 Insurance Contracts, into the Canadian Standards of Practice (red-lined)
This second revised exposure draft (ED) proposes changes to the general standards (Part 1000) and the practice-specific standards for insurance (Part 2000). The proposed changes align the SOP with the requirements of IFRS 17, and incorporate the guidance of ISAP […]
Second Revised Exposure Draft to Incorporate changes required by the adoption in Canada of IFRS 17 Insurance Contracts, including Principles of International Standard of Actuarial Practice 4 – Actuarial Practice in Relation to IFRS 17 Insurance Contracts, into the Canadian Standards of Practice (clean)
This second revised exposure draft (ED) proposes changes to the general standards (Part 1000) and the practice-specific standards for insurance (Part 2000). The proposed changes align the SOP with the requirements of IFRS 17, and incorporate the guidance of ISAP […]
IFRS 17 Discount Curves
The CIA retained the services of Fiera Capital to produce Fiera Capital’s CIA IFRS 17 Market Curves and Reference Curves on a monthly basis that can be used by life and health insurance and property and casualty actuaries in association […]
Factsheet: Pension Commuted Values
When someone leaves a pension plan, they may be able to take a lump sum amount of money instead of receiving future pension payments from the plan – this is called their pension “commuted value.” This factsheet examines the complex […]
Second Revision to Educational Note – Setting the Accounting Discount Rate Assumption for Pension and Post-employment Benefit Plans
This educational note has been prepared by the Committee on Pension and Post-retirement Benefit Accounting Discount Rates (the committee). When preparing pension-related information for their financial statements, pension plan sponsors are responsible for the selection of the assumptions used to […]
Revised Draft Educational Note – Assessing Eligibility for the Premium Allocation Approach Under IFRS 17 for Property & Casualty and Life & Health Insurance Contracts
The purpose of this draft educational note is to provide actuaries with practical application guidance on assessing whether a group of insurance contracts meets the required eligibility criteria for use of the premium allocation approach (PAA) to measure the liability […]
Revised Draft Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts
The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) has prepared this draft educational note to provide guidance related to setting and applying discount rates (including cash flow considerations) for the purposes of calculating the present value of estimates […]
Policy on the Review of the Due Process Followed in the Adoption of a Standard of Practice
Revised Draft Educational Note: Comparison of IFRS 17 to Current CIA Standards of Practice
IFRS 17 specifies the basis for measurement (valuation) of insurance contract liabilities. While there are many similarities to the current CIA standards of practice for valuation of insurance contract liabilities, there are also many differences. This educational note provides actuaries with […]
Draft Educational Note: Application of IFRS 17 Insurance Contracts for Public Personal Injury Compensation Plans
This draft educational note refers to the subjects covered by IFRS 17 with specific application to PPICP insurance contracts issued in Canada. The draft educational note is structured into seven (7) sections plus one (1) appendix in addition to an […]