Publication archives
IFRS 17 Risk Adjustment for Non-Financial Risk for Life and Health Insurance Contracts
The Committee on Life Insurance Financial Reporting has prepared this educational note to summarize some of the methods available to calculate the risk adjustment for non-financial risk and its corresponding confidence level, in accordance with IFRS 17 requirements.
Expected Mortality: Fully Underwritten Canadian Individual Life Insurance Policies
This educational note applies to Canadian individual life insurance business that is fully underwritten. However, many of the concepts covered will be useful to actuaries in establishing mortality assumptions for other types of business.
Assumptions for Hypothetical Wind-Up and Solvency Valuations with Effective Dates on or after June 30, 2024, and no later than June 29, 2025
This educational note provides guidance on assumptions to be used for hypothetical wind-up and solvency valuations for the second half of 2024 and the first half of 2025.
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 […]