Announcements - Current

To all life actuaries

Educational Note: Guidance for the 2017 Valuation of Insurance Contract Liabilities of Life Insurers

This educational note provides guidance to actuaries in several areas affecting the valuation of the 2017 year-end insurance contract liabilities of life insurers for Canadian generally accepted accounting principles (GAAP) purposes. In addition, the note provides an update on recently published experience studies and introductory information about potential changes in future financial reporting. The guidance in this educational note represents a majority view of the members of the Committee on Life Insurance Financial Reporting (CLIFR) of appropriate practice consistent with the Standards of Practice.

Announcement Number
September 21, 2017