Publication archives
IFRS 17 Expenses
The Committee on Life Insurance Financial Reporting (CLIFR) and the Committee on Property and Casualty Insurance Financial Reporting (PCFRC) have prepared this report to provide information concerning expenses in accordance with IFRS 17 requirements.
IFRS 17 Market Consistent Valuation of Financial Guarantees for Life and Health Insurance Contracts
This educational note provides practical application guidance on Canadian-specific issues relating to completing a market consistent valuation for insurance contracts that contain financial guarantees.
IFRS 17 Risk Adjustment for Non-Financial Risk for Life and Health Insurance Contracts
The Committee on Life Insurance Financial Reporting has prepared this educational note to summarize some of the methods available to calculate the risk adjustment for non-financial risk and its corresponding confidence level, in accordance with IFRS 17 requirements.
Comments to OSFI on Draft LICAT 2025 Guideline
The CIA submitted comments to the Office of the Superintendent of Financial Institutions on the draft Life Insurance Capital Adequacy Test (LICAT) 2025 Guideline.
Comments to the AMF on Draft CARLI 2025 Guideline
The CIA submitted comments to the Autorité des marchés financiers on the draft Capital Adequacy Requirements Guideline – Life and Health Insurance (CARLI).
Quinquennial Review of Standards of Practice Part 1000 – General Standards – Exposure Draft
This exposure draft outlines the proposed changes to Part 1000, and it requests feedback on the revisions as part of the formal due process for amending the Standards of Practice.
Long-term disability insurance needs updating as Canada’s demographics change
This media release announces the CIA’s insight statement, The Evolution of Employer-Sponsored Long-Term Disability Plans.
The Evolution of Employer-Sponsored Long-Term Disability Plans
This insight statement explores the challenges and opportunities of adapting long-term disability benefits beyond age 65. It details key legal developments, the importance of age-based distinctions in long-term disability coverage, and how to design sustainable and inclusive plans that meet […]
Expected Mortality: Fully Underwritten Canadian Individual Life Insurance Policies
This educational note applies to Canadian individual life insurance business that is fully underwritten. However, many of the concepts covered will be useful to actuaries in establishing mortality assumptions for other types of business.
Mortality Improvement Supplement for IFRS 17 Estimates of Future Cash Flows for Life and Health Insurance Contracts
The Committee on Life Insurance Financial Reporting is issuing this educational note supplement for two primary reasons. The first is to provide an update to the mortality improvement specific guidance previously provided in the educational note IFRS 17 Estimates of […]