Publication archives

Exam FCIA-1: Individual life insurance and annuities – September 2024 – Past Exam for Practice

This open-book exam assesses participants’ ability to apply actuarial principles to individual life insurance and annuity products. Through real-world scenarios, participants demonstrate their understanding of valuation, risk management, and regulatory frameworks, with a focus on sound professional judgment and practical […]

Exam FCIA-2: Individual life insurance and annuities – November 2024 – Past Exam for Practice

This open-book exam assesses participants’ ability to apply actuarial principles to individual life insurance and annuity products. Through applied scenarios, participants demonstrate their understanding of pricing, valuation, reinsurance, and financial reporting, with a focus on sound professional judgment and practical […]

IFRS 17 Risk Adjustment for Non-Financial Risk for Life and Health Insurance Contracts

This updated version of the educational note reflects the new framework to determine capital requirements for segregated fund guarantee risk, which was introduced in the Office of the Superintendent of Financial Institutions’ (OSFI’s) life insurance capital adequacy test (LICAT) 2025 […]

IFRS 17 – Actuarial Considerations Related to Reinsurance Contracts Issued and Held

The Committee on Property and Casualty Insurance Financial Reporting has prepared this educational note to summarize some of the accounting and actuarial implications affecting reinsurance contracts issued and reinsurance contracts held related to IFRS® 17 Insurance Contracts (IFRS 17 or […]

Climate Scenario Analysis

This practice resource document is intended to support actuaries in performing climate scenario analysis for life and health (life) and property and casualty (P&C) insurers, specifically in the context of financial condition testing and own risk and solvency assessment (ORSA).

Canadian Individual Life Experience Updated to Policy Year 2022-2023 – Database 2010-2023

This zipped file contains the databases, text file files with a detailed description of each database and its codes, and the associated workbook for policy years 2010-2023.

Canadian Individual Life Experience Updated to Policy Year 2022-2023 – Tables 2018-2023

This workbook contains tables from the CIA annual mortality study for policy years 2018-2023.

Canadian Individual Life Experience Updated to Policy Year 2022-2023 – Report

This is the 74th annual report of the intercompany mortality experience for Canadian individual life insurance policies. The study adds the one-year period beginning with the policy anniversary in 2022 on an age-nearest-birthday basis for data submitted by nine companies […]

IFRS 17 Estimates of Future Cash Flows for Life and Health Insurance Contracts

The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide information concerning the estimates of future cash flows in accordance with IFRS 17 requirements.

Life Insurance Capital Adequacy Test (LICAT) and Capital Adequacy Requirements for Life and Health Insurance (CARLI) (2025)

This educational note has been updated to reflect the changes to the regulatory capital guidelines effective January 1, 2025, most notably the new standard approach and simplified option methodologies for determining segregated fund guarantee (SFG) risk capital requirements.