LICAT Public Disclosure Requirements

OSFI has issued the final version of its Life Insurance Capital Adequacy Test Public Disclosure Requirements guideline. Through the promotion of simple, useful and comparable public disclosures, the guideline enhances transparency and encourages prudent behaviour through market discipline. The guideline applies to federally regulated life insurance companies (including Fraternal Benefit Societies) and insurance holding companies and is effective for the period ending December 31, 2018.