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TagP&C insurance

How to Manage Capital Volatility under IFRS 17 and LICAT 2023

By FCIAs Robert Berendsen and Catherine Sun Effective January 1, 2023, insurers that report on an International Financial Reporting Standards (IFRS) basis are required to apply IFRS 17 Insurance Contracts (IFRS 17). In adapting to IFRS 17, the Office of the Superintendent of Financial Institutions (OSFI) has revised the Life Insurance Capital Adequacy Test (LICAT) 2019 guideline and published...

Marijuana legalization and auto insurance claims

Ping-Ten Lin and Vyacheslav Lyubchich

Marijuana has been legal or decriminalized in Canada and other jurisdictions in North America for a few years now. There has been some concern that this would lead to increased usage, and consequently a higher level of auto insurance accident claims.

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