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Current Projects

ASB Strategic Direction 2014-2018

 


Current Project Latest Publication
Revise Mortality Improvement Rates and Associated Margins for Adverse Deviations within the Practice-Specific Standards on Insurance Contract Valuation: Life and Health (Accident and Sickness) Insurance (Subsection 2350) and the Accompanying Promulgation Notice of Intent to Revise Mortality Improvement Rates and Associated Margins for Adverse Deviations within the Practice-Specific Standards on Insurance Contract Valuation: Life and Health (Accident and Sickness) Insurance (Subsection 2350) and the Accompanying Promulgation issued September 2016
Review the proposed Life Insurance Capital Adequacy Test Notice of Intent to Review the Standards of Practice to Incorporate Changes Needed as a Result of the New Capital Standard issued October 2016
Revisions to Subsection 3260 of the Practice-Specific Standards for Pension Plans – Reporting: External User Report; Advice on the Funded Status or Funding of a Pension Plan Exposure Draft – Revisions to Subsection 3260 of the Practice-Specific Standards for Pension Plans – Reporting: External User Report; Advice on the Funded Status or Funding of a Pension Plan issued June 2017
Establish Standards of Practice in respect of Calibration of Stochastic Models used for the Purposes of Certification of Pension Plan Funding Requirements (new Subsection 3270 Stochastic Modelling) Notice of Intent to Establish Standards of Practice in respect of Calibration of Stochastic Models used for the Purposes of Certification of Pension Plan Funding Requirements (new Subsection 3270 Stochastic Modelling) issued June 2016
Incorporate Principles of International Standard of Actuarial Practice 4 – Actuarial Practice in Relation to IFRS X Insurance Contracts into the Canadian Standards of Practice Notice of Intent to Incorporate Principles of International Standard of Actuarial Practice 4 – Actuarial Practice in Relation to IFRS X Insurance Contracts into the Canadian Standards of Practice issued June 2015
Revise the General Standards (Part 1000) Exposure Draft – Revisions to General Standards (Part 1000) issued February 2017
Revise the Practice-Specific Standards for Insurance (Part 2000) Final Standards – Practice-Specific Standards for Insurance (Part 2000) issued February 2017
Incorporate Principles of International Standard of Actuarial Practice 2 – Financial Analysis of Social Security Programs into the Canadian Standards of Practice Final Standards – Practice-Specific Standards for Social Security Programs (Part 7000) issued March 2017
Revision of International Standard of Actuarial Practice 1 and Reporting of Assumptions, Margins, Methods, and Related Rationales Final Standards – Revisions to the General and Practice-Specific Standards – Consistency of Reporting and Conformance with International Standard of Actuarial Practice 1 issued December 2014
Revisions of Economic Reinvestment Assumptions within the Practice-Specific Standards on Insurance Contract Valuation: Life and Health (Accident and Sickness) Insurance (Section 2300) Final Standards – Revisions to Economic Reinvestment Assumptions within the Practice-Specific Standards on Insurance Contract Valuation: Life and Health (Accident and Sickness) Insurance (Section 2300 and Subsection 1110) issued May 2014
Standards of Practice for the Use of Models Final Standards of Practice – Use of Models issued January 2017

Amendments to Section 3500 of the Practice-Specific Standards for Pension Plans – Pension Commuted Values Notice of Intent – Amendments to Section 3500 of the Practice-Specific Standards for Pension Plans – Pension Commuted Values issued October 2015

 

For additional information regarding these and other ASB projects currently underway, please reference the ASB meeting reports under Communications>>Meeting Reports.