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Fiera Capital Expands Agreement with Canadian Institute of Actuaries to Provide Discount Rates for Insurance Contracts Under IFRS 17 Accounting
Fiera Capital Expands Agreement with Canadian Institute of Actuaries to Provide Discount ...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Fiera Capital Expands Agreement with Canadian Institute of Actuaries to Provide Discount Rates for Insurance Contracts Under IFRS 17 Accounting\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Reference Curves to Help CIA Members Assess Market Value of Insurance Liabilities for New Accounting Model\n \n \n \n \n Partnership with CIA Demonstrates Fiera Capital's Knowledge and Expertise in Insurance Actuarial Field\n \n \n \n \n MONTREAL\n \n ,\n \n July 19, 2021\n \n /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) (\"Fiera Capital\" or the \"Company\"), a leading independent asset management firm, today announced the expansion of its agreement with the Canadian Institute of Actuaries (\"CIA\") to provide discount rate curves under IFRS 17 accounting to CIA members. Fiera Capital's CIA IFRS 17 Market Curves and Reference Curves (\"IFRS 17 Discount Curves\") will enable actuaries in life, health, and property and casualty insurance to use fair value and market-consistent approaches to the liability valuations of insurance contracts.\n \n \n \"Our expanded agreement with the CIA is a testament to the depth of Fiera Capital's knowledge and expertise in the insurance actuarial field, and we are proud to have been chosen by the CIA to launch the IFRS 17 Discount Curves,\" said\n \n Jean-Philippe Lemay\n \n , Global President and Chief Operating Officer of Fiera Capital. \"For the last 10 years, Fiera Capital has partnered with the CIA to produce a monthly CIA Method Accounting Discount Rate Curve, enabling pension plan sponsors to select the appropriate accounting discount rate to value pension and other post-employment benefit plan liabilities. With the IFRS 17 Discount Curves, we will strengthen our relationship with the CIA and continue to simplify our clients' work, making it easier for CIA members and insurance practitioners to meet IFRS 17 requirements. We believe this expanded agreement exemplifies the best of Fiera Capital – our global capabilities, cutting-edge solu...