Life Memorandum to the Appointed Actuary (2022)

Document Properties

• Type of Publication: Letter
• Date: August 16, 2022
• To: Federally Regulated Life Insurance Companies, including Fraternal Benefit Societies and Canadian Branches of Foreign Insurance Companies, including Foreign Fraternal Benefit Societies
• From: Warren Rodericks, Managing Director, Actuarial Division, Supervision Sector
• Copy: Appointed Actuaries of Federally Regulated Life Insurance Companies, including Fraternal Benefit Societies and Canadian Branches of Foreign Insurance Companies, including Foreign Fraternal Benefit Societies

Every year, OSFI updates the Life Memorandum to the Appointed Actuary (the Memorandum), that is issued pursuant to subsection 667(2) of the Insurance Companies Act.

The Memorandum can be found on OSFI's website in English and French respectively at:

• Life Memorandum to the Appointed Actuary (2022)

• Mémoire à l’intention de l’actuaire désigné d’une société d’assurance vie, 2022

The Memorandum specifies the content of the annual Appointed Actuary’s Report to OSFI.  No substantive changes were made to the 2022 Memorandum. The table in Section B.8.7 (Peer Review of the Work of the Appointed Actuary) clarifies that, the peer reviewer identified in row (i) should be the peer reviewer for the next 3-year cycle.

Should you have any questions, please do not hesitate to contact Gladys Wong at gladys.w​ong@osfi-bsif.gc.ca.

Warren Rodericks
Managing Director
Actuarial Division
Supervision Sector