Publication archives
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 […]
Revised Draft Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts
The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) has prepared this draft educational note to provide guidance related to setting and applying discount rates (including cash flow considerations) for the purposes of calculating the present value of estimates […]
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 […]
Educational Note – 2020 Guidance to the Appointed Actuary and Valuation Actuaries for Property and Casualty Insurers
The Committee on Property and Casualty Insurance Financial Reporting (PCFRC or the Committee) has prepared this educational note to provide guidance to the Appointed Actuary and valuation actuaries in several areas affecting the valuation of the 2020 year-end insurance contract […]