On Thursday, September 15, 2016, OSFI held a webcast information session on the final Life Insurance Capital Adequacy Test (LICAT) guideline. The webcast information session provided an overview of the final LICAT guideline and a summary of changes made since the release of the draft LICAT guideline in March 2016.
Released on September 12, 2016, the LICAT guideline will replace the current life insurance capital test, the Minimum Continuing Capital and Surplus Requirements (MCCSR) guideline, in place since 1992.
Click here to view the recorded LICAT Information Session webcast in English.
For more information on the LICAT, please visit the OSFI website.