Publication archives
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 […]
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 […]
Draft Educational Note: IFRS 17 Measurement and Presentation of Canadian Participating Insurance Contracts
The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this draft educational note to provide guidance related to the measurement and presentation of Canadian participating insurance contracts under International Financial Reporting Standard (IFRS) 17.
Draft Explanatory Report: 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 draft report to provide information concerning expenses in accordance with IFRS 17 requirements. The draft explanatory report is […]
Draft Educational Note: IFRS 17 Measurement and Presentation of Canadian Participating Insurance Contracts: Examples
Educational Note: Guidance for the 2021 Reporting of Capital and Financial Condition Testing for Life, P&C, and Mortgage Insurers
This educational note provides an overview of guidance to actuaries in several areas affecting the reporting of the 2021 regulatory capital requirements and financial condition testing of Life, P&C and Mortgage insurers operating in Canada. In addition, the note provides […]
Submission to the Department of Finance Canada on Pre-budget Consultations 2021
The Canadian Institute of Actuaries (CIA) is pleased to participate in the 2021 pre-budget consultations. We acknowledge that the COVID-19 pandemic has absorbed the attention of the government, and will continue to do so until the virus has abated. However, […]
Initial 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 proposes 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 […]
Draft Revised Educational Note Supplement: Calibration of Stochastic Risk-Free Interest Rate Models for Use in CALM Valuation (2021)
The focus of this draft revised educational note supplement is on the development of calibration criteria for calibrating stochastic risk-free interest rate models used in the production of risk-free interest rate scenarios for the Canadian Asset Liability Method (CALM) valuation […]
Research Paper: High-Water Mark Fee Structure in Variable Annuities
The fee structure of variable annuities is important for both insurers and policy-holders. A well-designed fee structure may help reduce the risk exposure of the insurer and simultaneously increase the welfare of the policy-holder. In this research paper, we propose […]