Publication archives
Report 2: 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 […]
Second Revised Exposure Draft to Incorporate changes required by the adoption in Canada of IFRS 17 Insurance Contracts, including Principles of International Standard of Actuarial Practice 4 – Actuarial Practice in Relation to IFRS 17 Insurance Contracts, into the Canadian Standards of Practice (red-lined)
This second revised exposure draft (ED) proposes changes to the general standards (Part 1000) and the practice-specific standards for insurance (Part 2000). The proposed changes align the SOP with the requirements of IFRS 17, and incorporate the guidance of ISAP […]
Second Revised Exposure Draft to Incorporate changes required by the adoption in Canada of IFRS 17 Insurance Contracts, including Principles of International Standard of Actuarial Practice 4 – Actuarial Practice in Relation to IFRS 17 Insurance Contracts, into the Canadian Standards of Practice (clean)
This second revised exposure draft (ED) proposes changes to the general standards (Part 1000) and the practice-specific standards for insurance (Part 2000). The proposed changes align the SOP with the requirements of IFRS 17, and incorporate the guidance of ISAP […]
IFRS 17 Discount Curves
The CIA retained the services of Fiera Capital to produce Fiera Capital’s CIA IFRS 17 Market Curves and Reference Curves on a monthly basis that can be used by life and health insurance and property and casualty actuaries in association […]
Revised Draft Educational Note – Assessing Eligibility for the Premium Allocation Approach Under IFRS 17 for Property & Casualty and Life & Health Insurance Contracts
The purpose of this draft educational note is to provide actuaries with practical application guidance on assessing whether a group of insurance contracts meets the required eligibility criteria for use of the premium allocation approach (PAA) to measure the liability […]
Lapse and Mortality Experience of Post-Level Premium Period Term Plans 2012-2017 – Report
This joint report from the CIA and the Society of Actuaries illustrates the impacts of numerous variables on post-level term lapse rates. The report finds that the shock lapse rate tends to be highest when premiums move from one level […]
Lapse and Mortality Experience of Post-Level Premium Period Term Plans 2012-2017 – Tables
This joint report from the CIA and the Society of Actuaries illustrates the impacts of numerous variables on post-level term lapse rates. Those are accompanying tables and materials for the report
Revised Draft Educational Note: Comparison of IFRS 17 to Current CIA Standards of Practice
IFRS 17 specifies the basis for measurement (valuation) of insurance contract liabilities. While there are many similarities to the current CIA standards of practice for valuation of insurance contract liabilities, there are also many differences. This educational note provides actuaries with […]
Life insurance claims up in April and May due to COVID-19
A new report out today from the Canadian Institute of Actuaries (CIA) highlights data aggregated from 13 insurance companies in Canada for January to June 2020. Individual life insurance claims increased in April and May, at the height of the […]
Report 1: Canadian Insurance Industry Monthly Aggregate Data Analysis
Individual life insurance claims increased in April and May, at the height of the first wave of COVID-19, compared to the same period in 2019. Read the full report for highlights on data aggregated from 13 insurance companies in Canada […]