Publication archives

IFRS 17 Discount Rates for Life and Health Insurance Contracts

The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide guidance related to setting the discount rates for the purpose of calculating the present value of estimates of future cash flows under IFRS 17. The […]

Unexpired Coverage Considerations for P&C Insurers – Examples (Exposure Draft)

This document is a set of illustrative examples to accompany the educational note. This document was archived on November 12, 2025

Standards of Practice – Insurance (Effective October 1, 2025)

Effective October 1, 2025. Early adoption is encouraged.

Exam FCIA-1: Property and casualty insurance – October 2024 – Past Exam for Practice

This open-book exam evaluates participants’ ability to apply actuarial principles to property and casualty insurance. Through real-world scenarios, participants demonstrate their understanding of ratemaking, reinsurance structures, and loss modeling, with a focus on sound professional judgment and practical application. This […]

Exam FCIA-2: Property and casualty insurance – November 2024 – Past Exam for Practice

This open-book exam assesses participants’ ability to apply actuarial principles to property and casualty insurance. Through applied scenarios, participants demonstrate their understanding of reserving, reinsurance, IFRS 17 financial reporting, and loss development techniques, with a focus on sound professional judgment […]

IFRS 17 – Actuarial Considerations Related to Reinsurance Contracts Issued and Held

The Committee on Property and Casualty Insurance Financial Reporting has prepared this educational note to summarize some of the accounting and actuarial implications affecting reinsurance contracts issued and reinsurance contracts held related to IFRS® 17 Insurance Contracts (IFRS 17 or […]

Use of Machine Learning Models in P&C Pricing

This educational note supplement is a review of methods and guidance for the use of machine learning (ML) models in P&C pricing. It serves as a supplement to a previous educational note that focused on traditional statistical models and fills […]

Climate Scenario Analysis

This practice resource document is intended to support actuaries in performing climate scenario analysis for life and health (life) and property and casualty (P&C) insurers, specifically in the context of financial condition testing and own risk and solvency assessment (ORSA).

Unexpired Coverage Considerations for P&C Insurers (Exposure Draft)

This guidance was initiated by the Committee on Property and Casualty Financial Reporting (PCFRC), in collaboration with the Office of the Superintendent of Financial Institutions (OSFI) and the Autorité des marchés financiers (AMF), to provide clarity to practitioners regarding Section […]

Building a Resilient Future: Enhancing Climate Adaptation and Resilience in Canada – Notice of Intent

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