Publication archives
2025 Guidance to the Appointed Actuary and Valuation Actuaries of Property and Casualty Insurers
This educational note was prepared to provide guidance to property and casualty (P&C) actuaries in the valuation of insurance contract liabilities and other responsibilities of the actuaries. It reviews relevant standards of practice (SOP) and other educational notes and discusses […]
Applicability of Rules, Standards and Other Guidance to CIA Members When Preparing Work for Use in Canada or Another Country
This educational note is an update to the 2023 educational note entitled Applicability of Rules, Standards, and Other Guidance to CIA Members. It is intended to assist CIA members in understanding the professional standards of conduct, practice and qualification that […]
Assumptions for Hypothetical Wind-Up and Solvency Valuations with Effective Dates on or After June 30, 2025, and No Later Than June 29, 2026
This educational note provides guidance on assumptions to be used for hypothetical wind-up and solvency valuations for the second half of 2025 and the first half of 2026.
Financial Condition Testing
The Canadian Institute of Actuaries (CIA) initially published an educational note on financial condition testing (FCT) in April 2020. In January 2023, an updated version was published to reflect IFRS 17 concepts and terminology. As of July 2025, additional refinements […]
IFRS 17 Discount Rates for Life and Health Insurance Contracts
The Committee on Life Insurance Financial Reporting (CLIFR) 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 […]
Guidance for the 2025 Valuation of Insurance Contract Liabilities of Life Insurers
The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide guidance to actuaries in several areas affecting the valuation of the 2025 year-end insurance contract liabilities and other responsibilities of valuation actuaries of life insurers.
Unexpired Coverage Considerations for P&C Insurers – Examples (Exposure Draft)
This document is a set of illustrative examples to accompany the educational note. This document was archived on November 12, 2025
IFRS 17 Risk Adjustment for Non-Financial Risk for Life and Health Insurance Contracts
This updated version of the educational note reflects the new framework to determine capital requirements for segregated fund guarantee risk, which was introduced in the Office of the Superintendent of Financial Institutions’ (OSFI’s) life insurance capital adequacy test (LICAT) 2025 […]
IFRS 17 – Actuarial Considerations Related to Reinsurance Contracts Issued and Held
The Committee on Property and Casualty Insurance Financial Reporting 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 or […]
Unexpired Coverage Considerations for P&C Insurers (Exposure Draft)
This guidance was initiated by the Committee on Property and Casualty Financial Reporting (PCFRC), in collaboration with the Office of the Superintendent of Financial Institutions (OSFI) and the Autorité des marchés financiers (AMF), to provide clarity to practitioners regarding Section […]