Office of the Superintendent of Financial Institutions
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
Warren Rodericks Managing Director Actuarial Division Supervision Sector