Publication archives
Advice Statement to the IAA on the paper called Application of Climate-Related Risk Scenarios to Asset Portfolios
The Canadian Institute of Actuaries (CIA) comments on the IAA Paper called Application of Climate-Related Risk Scenarios to Asset Portfolios.
Advice Statement to PSAB on Exposure Draft – Employee Benefits, Proposed Section 3251
The CIA thanks the Public Sector Accounting Board for the opportunity to comment on this consultation to review public sector accounting standards and incorporate new types of pension plans, which will affect the treatment of public sector pension and employee […]
Advice Statement to OSFI on the Draft LICAT 2023 Guideline
The CIA thanks OSFI for the opportunity to comment on the draft LICAT 2023 guideline to reflect the implementation of IFRS 17. The revised guideline will determine statutory capital requirements for life insurance companies.
Advice Statement to OSFI on the Draft Minimum Capital Test (MCT) 2023 Guideline
The CIA thanks OSFI for the opportunity to comment on the draft MCT guideline in light of COVID-19 and the deferral of IFRS implementation to 2023. The revised guideline will determine statutory capital requirements for P&C insurance companies.
Advice Statement to OSFI on the Revised Section 2.7.4 of the Instruction Guide for the Preparation of Actuarial Reports for Defined Benefit Pension Plans
The Canadian Institute of Actuaries (CIA) thanks OSFI for the opportunity to comment on the revised Section 2.7.4 of the aforementioned draft. We note that several concerns that were raised in our earlier communications have been addressed. We believe that […]
Protecting Pensioners of Traditional Defined Benefit Plans: A New Approach to Solvency Funding and Benefit Reductions on Plan Wind-up
The current system for winding up underfunded defined benefit (DB) pension plans involves dividing the segregated pension fund among all plan beneficiaries on a pro-rata basis according to the value of their pension entitlement. This means that if the available […]
Advice statement to the Saskatchewan Financial and Consumer Affairs Authority on a review of the pension funding framework consultation
Modelling the Future of COVID-19 in Ontario
Predicting future outcomes during the COVID-19 pandemic has been challenging due to ever-changing factors such as new variants, vaccines, seasonality, and dynamic government intervention measures. Further, we do not have a comprehensive understanding of the impact of these factors: we […]
Advice statement to OSFI on assurance on capital, leverage and liquidity returns
The Canadian Institute of Actuaries (CIA) thanks OSFI for the opportunity to comment on the discussion paper Assurance on Capital, Leverage and Liquidity Returns. This letter has been prepared by the CIA’s Committee on Risk Management and Capital Requirements (CRMCR).
Advice Statement to the IAA on the paper called Climate-related scenarios applied to insurers and other financial institutions
The Canadian Institute of Actuaries (CIA) comments on the IAA Paper called Climate-Related Scenarios Applied to Insurers and Other Financial Institutions.