Publication archives

Research paper: Hedging longevity risk in the Canadian market

We present some of the results developed in the thesis of Giannini (2020), where an extensive study is performed on the effectiveness of several mortality/longevity-linked financial derivatives in hedging annuity portfolios’ longevity risk. We will not treat cashflow hedges like […]

Update to draft educational notes: Changes to the reference curves outlined in CLIFR’s and PCFRC’s draft educational notes on IFRS 17 discount rates

The Actuarial Guidance Council (AGC), with the support of the Committee on Life Insurance Financial Reporting (CLIFR) and in collaboration with the Committee on Property and Casualty Insurance Financial Reporting (PCFRC), initiated an external consultation on the draft educational note, […]

Revised Educational Note Supplement: Calibration of Stochastic Risk-Free Interest Rate Models for Use in CALM Valuation (2021)

The Committee on Life Insurance Financial Reporting (CLIFR) and the Actuarial Guidance Council (AGC) have been committed to closely monitoring the continued appropriateness of calibration criteria for stochastic risk-free interest rate models guidance. Due to the persistent low interest rate […]

Final Communication of Updated Promulgations of the Maximum Net Credit Spread, the Ultimate Reinvestment Rates, and the Calibration Criteria for Stochastic Risk-Free Interest Rates in the Standards of Practice for the Valuation of Insurance Contract Liabilities: Life and Health (Accident and Sickness) Insurance (Subsection 2330)

The ASB decided to promulgate the use of the economic parameters described below, to be effective October 15, 2021. Due to the impending adoption of IFRS 17 in 2023, the ASB does not anticipate an update to this promulgation prior to IFRS […]

December 2020 had second-highest level of COVID insurance claims for the year

The third report of Canadian Insurance Industry Monthly Aggregate Data Analysis from the Canadian Institute of Actuaries is now available, providing data updated to the end of December 2020.

Report 3: Canadian Insurance Industry Monthly Aggregate Data Analysis

As the COVID-19 pandemic continues to run its course throughout the world and in Canada, our collective understanding of the virus and its impact grows. Research projects and data collection efforts are happening on many fronts, and the Canadian Institute […]

Draft Educational Note: IFRS 17 – Actuarial Considerations Related to Liability for Remaining Coverage in P&C Insurance Contracts – Illustrative Examples

Draft Educational Note: IFRS 17 – Actuarial Considerations Related to Liability for Remaining Coverage in P&C Insurance Contracts

The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) has prepared this draft educational note to provide guidance on various actuarial considerations related to the liability for remaining coverage (LRC) in P&C insurance contracts, in accordance with IFRS 17 […]

C-19 Canadian Mortality Model Report – Tables

The C-19 Canadian Mortality Model was developed in Excel after a request for papers (RFP) was put out by the Research Council of the Canadian Institute of Actuaries (CIA) in the spring of 2020. The RFP requested research related to […]

C-19 Canadian Mortality Model Report

The C-19 Canadian Mortality Model was developed in Excel after a request for papers (RFP) was put out by the Research Council of the Canadian Institute of Actuaries (CIA) in the spring of 2020. The RFP requested research related to […]