01811cas a2200241 a 4500 AALejournalIMF014274 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484330272 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Canada : Financial Sector Assessment Program-Impact on the Insurance Sector of a Low Interest Rate Environment-Technical Note. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (23 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Canada's Financial Sector Assessment Program (FSAP) impact on the insurance sector of a low interest rate environment. It highlights that actuarial standards on valuation of liabilities require that assumed reinvestment rates take increasing account of current market rates that led to higher liabilities as low rates persisted. The note outlines the effect of Canadian accounting and actuarial standards that further increases in liabilities need to be recognized in the short term. Policy measures have been undertaken by Office of the Superintendent of Financial Institutions (OSFI) in the banking sector to address broader risks. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/068 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/068/002.2014.issue-068-en.xml IMF e-Library