Publication archives

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 […]

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2020, and Applicable to Valuations with Effective Dates Between September 30, 2020 and December 30, 2020

The Committee on Pension Plan Financial Reporting (PPFRC) conducted its quarter-end review of group annuity pricing conditions as at September 30, 2020. It determined that a revision to its previous guidance regarding assumptions for hypothetical wind-up and solvency valuations is […]

Policy on Due Process for the Approval of Practice Resource Documents

Educational Note – 2020 Guidance to the Appointed Actuary and Valuation Actuaries for Property and Casualty Insurers

The Committee on Property and Casualty Insurance Financial Reporting (PCFRC or the Committee) has prepared this educational note to provide guidance to the Appointed Actuary and valuation actuaries in several areas affecting the valuation of the 2020 year-end insurance contract […]

Draft Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts – Excel file: Example with options

Draft Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts – Excel file: Examples (basic)

Educational Note – Section 3500 of the Practice-Specific Standards for Pension Plans – Pension Commuted Values (other than subsection 3570)

The purpose of this educational note is to provide guidance to actuaries for determining commuted values for pension plans that are not covered under subsection 3570. A separate educational note has been prepared for subsection 3570. This educational note was […]