Publication archives
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 […]
IFRS 17 Estimates of Future Cash Flows for Life and Health Insurance Contracts
The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide information concerning the estimates of future cash flows in accordance with IFRS 17 requirements.
Life Insurance Capital Adequacy Test (LICAT) and Capital Adequacy Requirements for Life and Health Insurance (CARLI) (2025)
This educational note has been updated to reflect the changes to the regulatory capital guidelines effective January 1, 2025, most notably the new standard approach and simplified option methodologies for determining segregated fund guarantee (SFG) risk capital requirements.
Guidance for the 2025 Reporting of Capital, Financial Condition Testing, and Own Risk and Solvency Assessment for Life and Health, Property and Casualty, 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 2025 regulatory capital requirements, financial condition testing, and own risk and solvency assessment (ORSA) […]
IFRS 17 Market Consistent Valuation of Financial Guarantees for Life and Health Insurance Contracts
This educational note provides practical application guidance on Canadian-specific issues relating to completing a market consistent valuation for insurance contracts that contain financial guarantees.
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. This document […]