At Brookfield Annuity Company, annuities are what we do. This clarity, and our deep understanding of the pension sector, helps us put risk in the right place.
DB Pension Assets in Canada
Pension Liabilities Annuitized Since 2007
LICAT – An Evolution in Risk Assessment and Risk Management
On January 1, 2018, a new solvency regime – the Life Insurance Capital Adequacy Test or LICAT – went into effect for all Canadian life insurance companies. This includes Brookfield Annuity Company, as we are a life insurance company with a focus on pension de-risking solutions like group annuities and longevity insurance. LICAT replaced the Minimum Continuing Capital and Surplus Requirements (MCCSR) assessment tool, which had been the basis for establishing the Canadian life insurance industry’s required capital underpinning since 1992.
A.M. Best Assigns Credit Ratings to Brookfield Annuity Company
Brookfield Annuity Company has been assigned a Best’s Credit Rating of B++. 7 August 2018