Publication archives

Educational Note: Subsequent Events

The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) of the Canadian Institute of Actuaries (CIA) has revised this educational note to take into account changes in CIA Standards of Practice (SOP) and International Financial Reporting Standards (IFRS). This […]

Educational Note: Duration Considerations for P&C Insurers (2023)

This guidance supersedes the previous educational note published in 2017, and adapts the content and illustrative examples to align to actuarial practice under IFRS 17. The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) of the Canadian Institute of […]

Educational Note: Duration Considerations for P&C Insurers – Excel file (2023)

Educational Note: Expenses in Funding Valuations for Pension Plans

This educational note is intended to assist actuaries in the selection of appropriate assumptions regarding expenses in funding valuations of pension plans. An educational note on this subject was originally published in January 2007 and updated in September 2014 to […]

Educational Note: Life Insurance Capital Adequacy Test (LICAT) and Capital Adequacy Requirements for Life and Health Insurance (CARLI) (2023)

In March 2018, the Canadian Institute of Actuaries (CIA) published an educational note on the Life Insurance Capital Adequacy Test (LICAT) Guideline issued by the Office of the Superintendent of Financial Institutions (OSFI) and the Capital Adequacy Requirements for Life […]

Educational Note: Section 3500 of the Practice-Specific Standards for Pension Plans – Pension Commuted Values (Other Than Subsection 3570)

The purpose of this educational note is to provide guidance to actuaries for determining commuted values for pension plans that is not covered under subsection 3570. A separate educational note has been prepared for subsection 3570. An educational note on […]

Educational Note: Section 3500 of the Practice-Specific Standards for Pension Plans – Pension Commuted Values (Subsection 3570)

The purpose of this educational note is to provide guidance to actuaries for determining commuted values for pension plans that are covered under subsection 3570. A separate educational note has been prepared for the balance of Section 3500. An educational […]

Educational Note: Determination of Best Estimate Discount Rates for Going Concern Funding Valuations

This educational note is intended to assist actuaries in the selection of an appropriate best estimate discount rate for a going concern funding valuation of a pension plan. Educational notes on the same subject were originally issued on December 21, […]

Educational Note: Alternative Settlement Methods for Hypothetical Wind-Up and Solvency Valuations

This educational note provides guidance to actuaries who decide to use alternative settlement methods for hypothetical wind-up and solvency valuations. An educational note on this subject was originally issued on September 18, 2013 and was subsequently updated April 23, 2020. […]

Educational Note: Guidance on Selection and Disclosure of Plausible Adverse Scenarios

This educational note provides guidance on the selection and disclosure of plausible adverse scenarios under Subsection 3260 of the Standards of Practice. An educational note on this subject was originally issued on February 21, 2019, when the requirements with respect […]