Publication archives
Advice Statement to the Ministry of Finance: 2026 Federal Pre-Budget Consultation
The CIA provides recommendations to the Ministry of Finance on its 2026 federal pre-budget consultation, putting forth recommendations regarding long-term health care sustainability, climate change financial risk planning and federal retirement income program monitoring.
Reflection of Hedging in Segregated Fund Modelling
This explanatory report, originally an educational note titled Reflection of Hedging in Segregated Fund Valuation (2012), was created to provide additional guidance about how to perform valuation of segregated fund investment guarantees when such guarantees are fully or partially hedged […]
Guidance for the 2026 Reporting of Capital, Financial Condition Testing, and Own Risk and Solvency Assessment for Life and Health, Property and Casualty, and Mortgage Insurers
The Committee on Risk Management and Capital Requirements (CRMCR) has prepared this educational note to provide guidance to actuaries in several areas affecting the reporting of the 2026 regulatory capital requirements, financial condition testing (FCT), and own risk and solvency […]
Exam FCIA-3: Individual life insurance and annuities – April 2025
These files include the Exam FCIA-3: Individual life insurance and annuities exam and sample solutions – April 2025. They are available for use as practice.
Exam FCIA-1: Individual life insurance and annuities – June 2025
These files include the Exam FCIA-1: Individual life insurance and annuities exam and sample solutions – June 2025. They are available for use as practice.
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 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 requirements.
Exam FCIA-2: Individual life insurance and annuities – November 2024 – Excel files
These Excel files which include calculation sheets were used for Exam FCIA-2: Individual life insurance and annuities – November 2024. They are available for use as practice.
Economic Capital Modelling Survey Conducted in 2024
The Committee on Risk Management and Capital Requirements set up a working group that was assigned to assess the status of economic capital models/modelling within the Canadian market. Its mandate was to assess gaps and develop relevant guidance with respect […]
Valuation of Universal Life Insurance Contract Liabilities
The purpose of this educational note is to provide practical application guidance on topics relating to the IFRS 17 valuation of universal life (UL) insurance contract liabilities.
Selective Lapsation for Renewable Term Insurance Products
The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to review methods used to take into account the impact on mortality of selective lapsation for renewable term insurance products. The 2025 review also considered the findings […]