Publication archives
Mortality Improvement Supplement for IFRS 17 Estimates of Future Cash Flows for Life and Health Insurance Contracts
The Committee on Life Insurance Financial Reporting is issuing this educational note supplement for two primary reasons. The first is to provide an update to the mortality improvement specific guidance previously provided in the educational note IFRS 17 Estimates of […]
Guidance for the 2024 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 2024 year-end insurance contract liabilities and other responsibilities of valuation actuaries of life insurers. In […]
IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts
This educational note was originally published in June 2022 and updated in November 2022. The purpose of this updated version is to adjust some of the language used in subsection 12.4 (Unwinding Claims Incurred in the Current Period) to be […]
2024 Guidance to the Appointed Actuary and Valuation Actuaries of Property and Casualty Insurer
The Committee on Property and Casualty Insurance Financial Reporting of the Canadian Institute of Actuaries has prepared this educational note to provide guidance to the Appointed Actuary and valuation actuaries (referred to as “actuaries” in the rest of this educational […]
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. The 2024 […]
IFRS 17 Risk Adjustment for Non-Financial Risk for Property and Casualty Insurance Contracts
The Committee on Property and Casualty Insurance Financial Reporting has prepared this educational note to provide guidance related to the measurement and presentation of risk adjustment for non-financial risk under International Financial Reporting Standard® (IFRS) 17 for property and casualty […]
IFRS 17 Discount Rates for Life and Health Insurance Contracts – Erratum
Corrections have been made to the version of this educational note published on December 13, 2023. The December 13, 2023 version included an unintended change to the guidance regarding the selection of an interpolation technique when developing reference curves in […]
Considerations in the Determination of the Actuarial Liabilities of Canadian Charitable Gift Annuities
This educational note pertains to the valuation of gift annuities issued by Canadian charities, to establish an appropriate range of practice in the valuation of these gift annuities, taking into account recent changes in actuarial practice for the life insurance […]
Guidance on Events Occurring After the Calculation Date of an Actuarial Opinion for a Pension Plan
This updated educational note is intended to assist pension actuaries in valuing and reporting on events that occur after the calculation date, when the actuary has determined that the event makes the entity different.
Guidance for the 2024 Reporting of Capital, Financial Condition Testing, and Own Risk and Solvency Assessment for Life and Health, P&C and Mortgage Insurers
The Committee on Risk Management and Capital Requirements has prepared this educational note to provide guidance to actuaries in several areas affecting the reporting of the 2024 regulatory capital requirements, financial condition testing (FCT) and own risk and solvency assessment […]