Office of the Superintendent of Financial Institutions
In May 2017, the International Accounting Standards Board released IFRS 17 Insurance Contracts Standard (IFRS 17) with an effective date of January 1, 2021.
To support FRIs in their transition to IFRS 17, OSFI is issuing an advisory regarding:
Questions regarding the advisory may be directed to David Correia, Director, Accounting Policy Division, by email at email@example.com or by telephone at (416) 952-6607.
Federally Regulated Insurers include Canadian branches of foreign life and property and casualty companies, fraternal benefit societies, regulated insurance holding companies and non-operating insurance companies.
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