Publication archives
Educational Note: Applicability of Rules, Standards and Other Guidance to CIA Members
The International Accounting Standards Board (IASB) has promulgated International Financial Reporting Standards (IFRS) that have been adopted by a number of countries around the world. The International Actuarial Association (IAA) has developed standards of practice and other guidance for actuaries […]
Educational Note—Financial Condition Testing (Effective January 1, 2023)
The Canadian Institute of Actuaries (CIA) last published an educational note on financial condition testing (FCT) in April 2020. This educational note has been updated to reflect IFRS 17 concepts and terminology with an effective date of January 1, 2023. […]
Educational Note: IFRS 17 Coverage Units for Life and Health Insurance Contracts
The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide guidance on the selection of coverage units for the purpose of amortizing the contractual service margin for insurance contracts within the scope of the International […]
Educational Note: Role of the Appointed Actuary Under IFRS 17
Over the past few years, two designated groups of the Actuarial Standards Board (ASB) reviewed the impact on the CIA Standards of Practice (SOP) of replacing IFRS 4 with IFRS 17, recommending a number of changes. This educational note supplements […]
Revised Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts – Illustrative Examples (Basic)
Revised Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts – Illustrative Examples (with options)
Revised Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts – Appendices 8 and 9
Revised Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts
The original educational note IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts was published on June 30, 2022. The purpose of this memorandum is to describe corrections made to this education note.
Educational Note: IFRS 17 – Actuarial Considerations Related to Reinsurance Contracts Issued and Held
The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) 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 […]
Educational Note – 2022 Guidance to the Appointed Actuary and Valuation Actuaries for Property and Casualty Insurers
The Committee on Property and Casualty Insurance Financial Reporting (PCFRC or the Committee) has prepared this educational note to provide guidance to the Appointed Actuary and valuation actuaries (referred to as “actuaries” in the rest of this note) in several […]