Publication archives

Research report: Canadian Individual Life Experience for Policy Year 2020-2021 – Tables

These are the accompanying tables to the abovementioned report.  

Research report: Canadian Individual Life Experience for Policy Year 2020-2021 – Zip file

This is the accompanying zip file to the abovementioned report, which includes databases for each of the last 12 policy years.

Research report: Canadian Individual Life Experience for Policy Year 2020-2021

This is the 72nd annual report of the intercompany mortality experience for Canadian individual life insurance policies. The study covers the one-year period beginning with the policy anniversary in 2020 on an age-nearest-birthday basis for data submitted by seven companies. […]

Educational Note: Life Insurance Capital Adequacy Test (LICAT) and Capital Adequacy Requirements for Life and Health Insurance (CARLI) (2023)

In March 2018, the Canadian Institute of Actuaries (CIA) published an educational note on the Life Insurance Capital Adequacy Test (LICAT) Guideline issued by the Office of the Superintendent of Financial Institutions (OSFI) and the Capital Adequacy Requirements for Life […]

Educational Note: Guidance for the 2023 Reporting of Capital and Financial Condition Testing for Life and Health, P&C 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 2023 regulatory capital requirements and financial condition testing (FCT) of life and health, […]

Explanatory Report: IFRS 17 Discount Rate Applications

The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this explanatory report to provide information concerning the application of discount rates used in accordance with IFRS 17 requirements. This explanatory report is structured into seven sections. The first section […]

Educational Note—Financial Condition Testing (Effective January 1, 2023)

The Canadian Institute of Actuaries (CIA) last published an educational note on financial condition testing (FCT) in April 2020. This educational note has been updated to reflect IFRS 17 concepts and terminology with an effective date of January 1, 2023. […]

Educational Note: IFRS 17 Coverage Units for Life and Health Insurance Contracts

The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide guidance on the selection of coverage units for the purpose of amortizing the contractual service margin for insurance contracts within the scope of the International […]

Educational Note: Role of the Appointed Actuary Under IFRS 17

Over the past few years, two designated groups of the Actuarial Standards Board (ASB) reviewed the impact on the CIA Standards of Practice (SOP) of replacing IFRS 4 with IFRS 17, recommending a number of changes. This educational note supplements […]

New report documents the life insurance industry’s pandemic experience

The CIA’s Report 6: COVID-19 Canadian Insurance Industry Monthly Aggregate Data Analysis, the final in the series, provides data updated to the end of June 2022.