Publication archives
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.
Unexpired Coverage Considerations for P&C Insurers – Examples
This document is a set of illustrative examples to accompany the educational note.
Unexpired Coverage Considerations for P&C Insurers
The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) of the Canadian Institute of Actuaries (CIA) prepared this educational note to provide guidance to the actuary doing work for property and casualty (P&C) insurers related to the unexpired coverage […]
FCIA Syllabus – Property and casualty track
This document outlines the property and casualty (PC)-track exams and modules syllabuses.
Exam FCIA-2: Property and casualty insurance – November 2024 – Excel files
These Excel files which include calculation sheets were used for Exam FCIA-2: Property and casualty insurance – 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 […]
IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts
The purpose of this 2025 updated version is to expand the discussion about the selection of the illiquidity premium and the derivation of the illiquidity premium for CIA reference curves. In addition, the CIA illiquid reference curve parameters have been […]
2025 Guidance to the Appointed Actuary and Valuation Actuaries of Property and Casualty Insurers
This educational note was prepared to provide guidance to property and casualty (P&C) actuaries in the valuation of insurance contract liabilities and other responsibilities of the actuaries. It reviews relevant standards of practice (SOP) and other educational notes and discusses […]
Advice statement to the Office of the Superintendent of Financial Institutions : Minimum Capital Test Guideline 2026
The CIA submits comments to OSFI on the MCT guideline for 2026 for P&C insurers.
Financial Condition Testing
The Canadian Institute of Actuaries (CIA) initially published an educational note on financial condition testing (FCT) in April 2020. In January 2023, an updated version was published to reflect IFRS 17 concepts and terminology. As of July 2025, additional refinements […]