Publication archives

Practice Resource Document: Actuarial Aspects of Enterprise Risk Management

The Committee on Enterprise Risk Management (ERMPC) has prepared this practice resource document to assist members in understanding the various elements of Enterprise Risk Management (ERM) and to highlight areas where ERM practices can be of value, and to help […]

Draft Revised Educational Note Supplement: Calibration of Stochastic Risk-Free Interest Rate Models for Use in CALM Valuation (2021)

The focus of this draft revised educational note supplement is on the development of calibration criteria for calibrating stochastic risk-free interest rate models used in the production of risk-free interest rate scenarios for the Canadian Asset Liability Method (CALM) valuation […]

Initial Communication of Updated Promulgations of the Maximum Net Credit Spread, the Ultimate Reinvestment Rates, and the Calibration Criteria for Stochastic Risk-Free Interest Rates in the Standards of Practice for the Valuation of Insurance Contract Liabilities: Life and Health (Accident and Sickness) Insurance (Subsection 2330)

The ASB proposes to promulgate the use of the economic parameters described below, to be effective October 15, 2021. Due to the impending adoption of IFRS 17 in 2023, the ASB does not anticipate an update to this promulgation prior […]

Educational Note – Assumptions for Hypothetical Wind-Up and Solvency Valuations with Effective Dates on or after December 31, 2020 and no later than December 30, 2021

This educational note provides guidance on assumptions to be used for hypothetical wind-up and solvency valuations for 2021. This document replaced document 220055 This document was replaced by document 222033 This document was archived October 14, 2025

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 […]

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 […]

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 […]