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Memorandum to the Appointed Actuary (2024) – Letter
Memorandum to the Appointed Actuary (2024) – Letter August 22, 2024 To: All federally regulated insurers Subject: 2024 Memorandum to the Appointed Actuary We are issuing our 2024 Memorandum to the Appointed Actuary (Memorandum). The Memorandum …
Backgrounder: 2024 Memorandum to the Appointed Actuary
Backgrounder: 2024 Memorandum to the Appointed Actuary Reasons we issue a Memorandum to the Appointed Actuary The Memorandum to the Appointed Actuary (Memo) communicates our expectations regarding the content of the appointed actuary's report (AAR) on …
OSFI releases new guideline for technology and cyber risk, balancing innovation with risk management
OSFI releases new guideline for technology and cyber risk, balancing innovation with risk management Today, the Office of the Superintendent of Financial Institutions (OSFI) released its final Guideline B-13 . This guideline sets out OSFI’s expectations …
OSFI Summarizes Responses to its Pension Investment Risk Management Consultation Paper
OSFI Summarizes Responses to its Pension Investment Risk Management Consultation Paper Type of publication: Letter Date: October 13, 2022 To: Federally Regulated Pension Plan Administrators and Pension Industry Stakeholders On March 17, 2022, OSFI …
How financial regulators can keep pace with AI innovation
… some regulators to stand up innovation offices to stay on top of the latest developments. Collaboration with other …
Financial Industry Forum on Artificial Intelligence: A Canadian Perspective on Responsible AI
Financial Industry Forum on Artificial Intelligence: A Canadian Perspective on Responsible AI Artificial intelligence Summary Data availability and accessibility have improved dramatically, modeling techniques have taken a large step forward, and models …
Strengthening Fundamentals and Adapting to a Dynamic Risk Landscape - Fostering the Foundations of Sound Supervision
Strengthening Fundamentals and Adapting to a Dynamic Risk Landscape - Fostering the Foundations of Sound Supervision OSFI’s Assistant Superintendent, Regulatory Response Sector, Tolga Yalkin participates in a panel discussion titled “Strengthening …
OSFI response to draft Guideline B-15 consultation feedback
OSFI response to draft Guideline B-15 consultation feedback Document properties Type of publication: Result summary Date: March 7, 2023 A. Introduction In May 2022, the Office of the Superintendent of Financial Institutions (OSFI) issued its draft …
Peter Routledge participates in a fireside chat at the National Insurance Conference of Canada
Peter Routledge participates in a fireside chat at the National Insurance Conference of Canada Climate Moderator: Property and Casualty (P&C) insurers have been thinking about climate change and the risks of climate change for some time and have long …
Guideline B-15 readiness self-assessment questionnaire: What we heard report
Guideline B-15 readiness self-assessment questionnaire: What we heard report Executive summary In March 2023, OSFI released the Guideline B-15: Climate Risk Management (Guideline), which provides FRFIs with principles-based guidance to manage their …
Supervisory Framework
Supervisory Framework On this page Overview The foundations of our supervisory approach Key principles of supervision How we supervise financial institutions Supervisory ratings for financial institutions How we supervise pension plans Supervisory ratings …
Life Insurance Regulatory Framework
Life Insurance Regulatory Framework Document Properties Type of Publication: Framework Date: 2012-12-17 INTRODUCTION Canada’s life insurance regulatory framework is recognized as being strong, both domestically and internationally. It has proven its …
Standardized Climate Scenario Exercise
… of climate scenario analysis could be classified as "Top-down" or "Bottom-up", depending on their design and implementation. Top-down scenario analysis is generally performed by a public … as described in Figure 1. Figure 1: Operational approach Top-down Bottom-up OSFI defined and developed the 2024 SCSE …
Assessing the Financial Sustainability of the Base Canada Pension Plan through Actuarial Balance Sheets: Actuarial Study No. 21
… period can lead to incorrect perceptions and to policy prescriptions that do not achieve sustainable solvency." It … and International Social Security Association. Geneva. https://ww1.issa.int/guidelines/act ISSA. (2018). Actuarial … International Social Security Association. Switzerland. https://onlinelibrary.wiley.com/toc/1468246x/2018/71/3 OSFI. …