Publication archives

Educational Note: Duration Considerations for P&C Insurers (2023)

This guidance supersedes the previous educational note published in 2017, and adapts the content and illustrative examples to align to actuarial practice under IFRS 17. The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) of the Canadian Institute of […]

Educational Note: Duration Considerations for P&C Insurers – Excel file (2023)

Educational Note: Subsequent Events

The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) of the Canadian Institute of Actuaries (CIA) has revised this educational note to take into account changes in CIA Standards of Practice (SOP) and International Financial Reporting Standards (IFRS). This […]

Educational Note Supplement: Changes to the Reference Curves’ Ultimate Risk-free Rate Development Approach Outlined in the Committee on Life Insurance Financial Reporting’s Educational Note on IFRS 17 Discount Rates

The purpose of this educational note supplement is to provide a summary of the changes to the reference curves’ URFR development approach that are expected to be reflected later this year in the IFRS 17 educational notes related to discount […]

Longevity of Condo Infrastructure

This insight statement explores some of the risks associated with condos and why owners, buyers, governments, municipalities, condo managers, board members and other stakeholders should better understand those risks. Building on a 2022 CIA research paper on condos, this statement […]

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, […]

Practice Resource Document: Bias and Fairness in Pricing and Underwriting of Property and Casualty (P&C) Risks

The purpose of this paper is to provide P&C practitioners with an enhanced understanding of bias and fairness, the considerations that go along with these topics, and tools for detecting, evaluating and mitigating potential bias in actuarial risk assessment models. […]

Practice Resource Document: Bias and Fairness in Pricing and Underwriting of Property and Casualty (P&C) Risks – Checklist

Advice statement to the Financial Services Regulatory Authority of Ontario on territory rating

The CIA submits comments on the Financial Services Regulatory Authority of Ontario’s review of territory rating in Ontario auto insurance.

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. […]