Publication archives

Valuation of Group Life and Health Policy Liabilities

The Committee on Life Insurance Financial Reporting (CLIFR) has prepared the attached educational note to assist actuaries in applying the Standards of Practice in the valuation of group life and health policy liabilities. In preparing this educational note, CLIFR has […]

Guidance for the 2026 Valuation of Insurance Contract Liabilities of Life Insurers

The Committee on Life Insurance Financial Reporting has prepared this educational note to provide guidance to actuaries in several areas affecting the valuation of the 2026 year-end insurance contract liabilities and other responsibilities of valuation actuaries of life insurers. In […]

IFRS 17 Discount Rates for Life and Health Insurance Contracts

The Committee on Life Insurance Financial Reporting 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.

DRAFT – Guidance on the Use of Margins for Adverse Deviations in Pension Funding Valuations Required by the Terms of an Appropriate Engagement – Draft Educational Note

This educational note provides additional guidance for what to consider in determining if an engagement is appropriate in accordance with the Standards and helps actuaries understand their obligations and considerations when including a margin required by the terms of an […]

Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective June 30, 2026, and Applicable to Valuations with Effective Dates on or After June 30, 2026, and No Later than June 29, 2027 – Educational Note Supplement

The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at June 30, 2026, and recommended to the Actuarial Guidance Council (AGC) assumptions for hypothetical wind-up and solvency valuations with effective dates on or after June 30, […]

Selection of Mortality Assumptions for Pension Plan Actuarial Valuations

This educational note helps the actuary in selecting a best estimate mortality assumption for the pension plan under review.

Guidance for the 2026 Reporting of Capital, Financial Condition Testing, and Own Risk and Solvency Assessment for Life and Health, Property and Casualty, 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 2026 regulatory capital requirements, financial condition testing (FCT), and own risk and solvency […]

Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective December 31, 2025, and Applicable to Valuations With Effective Dates on or After December 31, 2025, and No Later Than June 29, 2026 – Educational note supplement

The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at December 31, 2025, and recommended to the Actuarial Guidance Council (AGC) assumptions for hypothetical wind-up and solvency valuations with effective dates on or after December 31, […]

Margins for adverse deviations in pension funding valuations

This is a reminder to actuaries when performing pension funding valuation work.

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.