Publication archives
Unexpired Coverage Considerations for P&C Insurers – Examples
This document is a set of illustrative examples to accompany the educational note.
Unexpired Coverage Considerations for P&C Insurers
The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) of the Canadian Institute of Actuaries (CIA) prepared this educational note to provide guidance to the actuary doing work for property and casualty (P&C) insurers related to the unexpired coverage […]
Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2025, and Applicable to Valuations with Effective Dates on or after September 30, 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 September 30, 2025, and recommended to the Actuarial Guidance Council (AGC) assumptions for hypothetical wind-up and solvency valuations with effective dates on or after September 30, […]
Selective Lapsation for Renewable Term Insurance Products
The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to review methods used to take into account the impact on mortality of selective lapsation for renewable term insurance products. The 2025 review also considered the findings […]
IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts
The purpose of this 2025 updated version is to expand the discussion about the selection of the illiquidity premium and the derivation of the illiquidity premium for CIA reference curves. In addition, the CIA illiquid reference curve parameters have been […]
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 […]