2017-12-31

Regulatory Capital and Internal Capital Targets (2025)

OSFI issued this guideline to establish capital adequacy expectations for federally regulated life, property and casualty, and mortgage insurers. It defines industry-wide regulatory capital levels, including Minimums and Supervisory Targets calculated under the MICAT, MCT, and LICAT frameworks. Insurers must conduct Own Risk and Solvency Assessments to set higher, risk-specific Internal Capital Targets, maintain robust capital management policies, and promptly notify OSFI of any shortfalls or changes.

Canada

Office of the Superintendent of Financial Institutions

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