Publication archives

Regulatory Capital Filing Certification for Life Insurers

This educational note regarding the certification of regulatory capital filings in Canada references the Standards of Practice and other guidance on the appropriateness of internal models used to determine required capital for segregated fund guarantees, and accounts for the Life […]

IFRS 17 Discount Rates for Life and Health Insurance Contracts

The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide guidance related to setting the discount rates for the purpose of calculating the present value of estimates of future cash flows under IFRS 17. This […]

Dividend Determination for Participating Policies

Section 2700 of the Standards of Practice (SOP) – Policyholder Dividend Determination sets out expectations for actuarial reports on policyholder dividends. An educational note to support this section of the SOP was published in 2014, and this note is now […]

Guidance on Fairness Opinions Required Under the Insurance Companies Act

The Insurance Companies Act (ICA) includes governance requirements for directors of a company with respect to dividend policies for participating policyholders, management of participating accounts and discretionary management of adjustable policies. The same legislation imposes on Appointed Actuaries the requirement […]

Educational Note: Guidance for the 2023 Valuation of Insurance Contract Liabilities of Life Insurers

The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide guidance to actuaries in several areas affecting the valuation of the 2023 year-end insurance contract liabilities and other responsibilities of valuation actuaries of life insurers. […]

Educational Note: Subsequent Events

The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) of the Canadian Institute of Actuaries (CIA) has revised this educational note to take into account changes in CIA Standards of Practice (SOP) and International Financial Reporting Standards (IFRS). This […]

Research report: Canadian Individual Life Experience for Policy Year 2020-2021

This is the 72nd annual report of the intercompany mortality experience for Canadian individual life insurance policies. The study covers the one-year period beginning with the policy anniversary in 2020 on an age-nearest-birthday basis for data submitted by seven companies. […]

Research report: Canadian Individual Life Experience for Policy Year 2020-2021 – Zip file

This is the accompanying zip file to the abovementioned report, which includes databases for each of the last 12 policy years.

Research report: Canadian Individual Life Experience for Policy Year 2020-2021 – Tables

These are the accompanying tables to the abovementioned report.  

CIA study note: AD&D cases

This study note covers elements related to accidental death benefits.