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: 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: 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: Calculation of Incremental Cost on a Hypothetical Wind-Up or Solvency Basis
The current Standards of Practice require, with limited exceptions, an external user report on the funded status or funding of a pension plan to report the incremental cost on a hypothetical wind-up or solvency basis. This educational note is intended […]
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 […]
Educational Note: Guidance for the 2023 Reporting of Capital and Financial Condition Testing for Life and Health, P&C and Mortgage Insurers
The Committee on Risk Management and Capital Requirements (CRMCR) has prepared this educational note to provide guidance to actuaries in several areas affecting the reporting of the 2023 regulatory capital requirements and financial condition testing (FCT) of life and health, […]
Educational Note: Assumptions for Hypothetical Wind-Up and Solvency Valuations with Effective Dates on or after December 31, 2022, and No Later Than June 29, 2024
This educational note provides guidance on assumptions to be used for hypothetical wind-up and solvency valuations for 2023 and the first half of 2024. It confirms the initial guidance for 2023 assumptions that was provided in the educational note supplement […]