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Life Insurance Capital Adequacy Test (LICAT) 2025 – Letter
Life Insurance Capital Adequacy Test (LICAT) 2025 – Letter Today, the Office of the Superintendent of Financial Institutions (OSFI) is publishing the draft Life Insurance Capital Adequacy Test (LICAT) 2025 guideline, along with other related documents …
OSFI Update on Capital Requirement for Federally Regulated Life Insurers – Letter
OSFI Update on Capital Requirement for Federally Regulated Life Insurers – Letter Today, OSFI is making the following adjustments with respect to LICAT policy and initiatives: Postponing the next revision of the Life Insurance Capital Adequacy Test …
Life Insurance Capital Adequacy Test (2025) – Letter
Life Insurance Capital Adequacy Test (2025) – Letter Today, the Office of the Superintendent of Financial Institutions (OSFI) is publishing the final Life Insurance Capital Adequacy Test (LICAT) 2025 guideline, along with other related documents. The …
“2025 Annual Update” to the Manual of Financial Reporting Forms and Instructions for Canadian Mortgage Insurance Companies
… Reporting System (RRS). The attestations include senior management, opinion of internal auditor, and opinion of …
Strengthening Climate Risk Financial Resilience: Insights from the Standardized Climate Scenario Exercise
… related physical risk into credit, underwriting, and risk management decisions. This gap is exacerbated by the fact … approaches to the measurement, assessment and management of climate-related financial risks remains … in the GCAM outputs. These scenarios were used to project cash flows and default frequencies for a sample of more than …
Update on the Development of a New Approach for Determining Regulatory Capital Requirements for Segregated Fund Guarantee (SFG) Risk
Update on the Development of a New Approach for Determining Regulatory Capital Requirements for Segregated Fund Guarantee (SFG) Risk To: Federally Regulated Life Insurers For the purposes of this letter, “federally regulated life insurers” or “insurers” …
OSFI exempts uninsured mortgage straight switches from the prescribed MQR and implements portfolio LTI limits
OSFI exempts uninsured mortgage straight switches from the prescribed MQR and implements portfolio LTI limits To: Federally regulated financial institutions Effective today, OSFI will no longer prescribe the minimum qualifying rate (MQR) that it expects …
“2025 Annual Update” to the Manual of Financial Reporting Forms and Instructions for Property and Casualty Insurance Companies
… Reporting System (RRS). The attestations include senior management, opinion of internal auditor, and opinion of …
In-Kind Contributions
… to the pension fund. The normal meaning of payment is a cash payment. Therefore an employer cannot unilaterally … to make a payment to a pension plan in anything other than cash to satisfy the normal cost and special payment …
Letters of Credit
… had to be remitted before April 1, 2011 must be paid in cash. How should a letter of credit that is included in … SR t-2 for the difference between FVLoCt and FVLoC t-2 . Cash payments made to reduce the face value of a letter of … do not impact the previously described adjustments. These cash payments should be treated as special payments in the …
Reinsurance Trust Agreements
Reinsurance Trust Agreements To: Federally Regulated Property and Casualty Insurance Companies, Federally Regulated Life Insurance Companies, including Fraternal Benefit Societies This letter is to inform you that the Office of the Superintendent of …
Letter to industry - Revision of OSFI’s approach regarding Administrative Monetary Penalties
… recipients of this letter to share this notice with the management and board of directors of the financial …
OSFI Service Standards
OSFI Service Standards To: Federally Regulated Financial Institutions In order to enhance its accountability and transparency, in 2005 OSFI developed service standards for services that it provides. In 2017, the Government of Canada introduced the Service …
Asset Securitization - Letter (2018)
Asset Securitization - Letter (2018) To: Federally Regulated Insurers Refers to all federally regulated insurers, including Canadian branches of foreign life and property and casualty companies, fraternal benefit societies, regulated insurance holding …
“2025 Annual Update” to the Manual of Financial Reporting Forms and Instructions for Life Insurance Companies and Fraternal Benefit Societies
… Reporting System (RRS). The attestations include senior management, opinion of internal auditor, and opinion of …