Publication archives

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. […]

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 […]

Report: Assessing the Impact of Marijuana Decriminalization on Vehicle Accident

This study proposes data-driven and reliable tools for assessing the impact of changes in marijuana laws on vehicle accident experience, by harnessing the publicly available data with the power of modern statistical and machine learning techniques under the integrative framework […]

Revised Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts – Illustrative Examples (Basic)

Revised Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts – Illustrative Examples (with options)

Revised Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts – Appendices 8 and 9

Revised Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts

The original educational note IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts was published on June 30, 2022. The purpose of this memorandum is to describe corrections made to this education note. This document […]

Educational Note – 2022 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 (referred to as “actuaries” in the rest of this note) in several […]

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

The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) 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 […]