LFV-C 2017 Spring syllabus changes

The spring 2017 LFV-C syllabus is now available on the SOA’s LFV-C exam page. New, modified, and dropped readings are summarized below.

Later this month, we will post more specific dates for various updates to the online seminar, but we have already begun working the updates, and we expect that all new readings will be covered by December 31 at the very latest.

In the meantime, feel free to use the online seminar as-is since it already contains the vast majority of readings on the new syllabus. We will be rearranging and working on the layout of the online seminar over the coming weeks and will keep you posted.

New readings for spring 2017 (approx +70):

  • CIA Research Paper, Fixed Income Calibration April 2014
  • CIA Educational Note, Development of the Equilibrium Risk-Free Market Curve for the Base Scenario, December 2015
  • LFV-139-17: IFRS 4 Phase II: Illustrative Example of Life Contract Without Participation Features
  • LFV-140-17: Investor Perspectives – Mind the Gap? December 2015
  • LFV-644-17: OSFI: A New Chapter in Life Insurance Capital Requirements – Apr 2016
Deleted (approx -140)
  • CIA Educational Note: Considerations in Valuation of Seg Fund Products – November 2007
  • CIA Educational Note, Aggregation and Allocation of Policy Liabilities, September 2003
  • LFV-628-10: OSFI: Framework for a New Standard Approach to Setting Capital Requirements
  • LFV-640-14: OSFI: Life Insurance Regulatory Framework (September 2012)
  • LFV-643-16: OSFI: Update to the Life Insurance Regulatory Framework, Nov 2013
  • LFV-131-14: Economic Capital Overview: Chad Runchey, August 2012
  • Report of the CIA Task Force on the Appropriate Treatment of Reinsurance, Oct 2007
Modified (approx +30)
  • From
Canadian Insurance Taxation, Borgmann et. al., 3rd Edition, Ch. 3, 4, 5, 6, 11, 27 
To
Canadian Insurance Taxation, Swales and Erinc, 4th Edition, 2015 Ch 3 – 6, 9 and 24
  • From
LFV-634-16 CIA Standards of Practice: Insurance Sections 2100, 2300, 2400, 2500 & 2700, March 2015 
To
LFV-634-17 CIA Standards of Practice: Insurance Sections 2100, 2300, 2400, 2500 & 2700, June 2015 
  • From
CIA Educational Note: Investment Assumptions Used in the Valuation of Life and Health Insurance Contract Liabilities Sept. 2014
To
CIA Educational Note: Investment Assumptions Used in the Valuation of Life and Health Insurance Contract Liabilities September 2015
  • From
LFV-606-16 OSFI Guideline – Minimum Continuing Capital and Surplus Requirements (MCCSR) For Life Insurance Companies, Sections 1 – 5, 8 – 10 January 1, 2015 
To
LFV-606-17 OSFI Guideline – Minimum Continuing Capital and Surplus Requirements (MCCSR) For Life Insurance Companies, Sections 1 – 5, 8 – 10 November, 2015 
  • From
Life, Health & Annuity Reinsurance, Tiller, 3rd Edition, Ch. 4-6 
To
Life, Health & Annuity Reinsurance, Tiller, 4th Edition, Ch. 4, Ch. 5, Ch. 6 (pages 157 – 160 & 173-174), Ch. 7, Ch. 8 (Canadian content only), Ch. 12and Ch. 17