CIA Annual Meeting Assemble annuelle de lICA June
CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006 ŸLes 29 et 30 juin 2006 Ottawa, Ontario VAL-1 CICA 3855
CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA • Guidance from CLIFR on Section 3855 – Educational note – Revisions to existing guidance notes VAL-1 CICA 3855
CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA • Educational note – “CALM Implications of Ac. SB Section 3855 Financial Instruments – Recognition and Measurement” (number 206077) –published June 2006 – discusses the impact of accounting changes on valuation – includes discussion of the various classification options available –input from ASB, Committee on AA/VA, OSFI VAL-1 CICA 3855
CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA • Revisions to existing guidance –Reviewed and not changed • 202025 CSOP General Standards • 202069 CSOP Practice Specific Standards for Insurers • 205007 Margin for Adverse Deviations • 9496 Communication between the Actuary and the Auditor VAL-1 CICA 3855
CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA • Revision to existing guidance –Recommended changes to • 202012 Segregated Fund Investment Guarantees • 204054 Approximations to CALM • 205004 Best Estimate Assumptions for Expenses VAL-1 CICA 3855
CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA • Revision to existing guidance – Guidance to come on • 202065 Future Income and Alternative Taxes –if CRA comes out with changes to tax rules VAL-1 CICA 3855
CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA • Revisions to existing guidance –further revisions to CALM Approximations note • building on Town Hall rollforward discussions • Town Hall presentations available on CIA website –upcoming guidance in note on Actuarial Judgement to address term of liability zero issues VAL-1 CICA 3855
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