CLHIA-ACCAP

Table of Contents 1. Introduction 2. Role of Insurers as Long-Term Investors 3. Enhancing the Infrastructure P3 Market in Canada 3.1 Overview of P3 Market in Canada 3.2 Life and Health Insurers Demonstrated Appetite and Expertise in P3 Investments 3.3 Shifting the Balance between Short-term and Long-Term Financing 3.4 Harmonization of P3 Documentation for P3 Projects under $50 million 3.5 Pooling of Smaller Deals to Increase Supply 3.6 Increasing the Average Duration of P3s in Canada 3.7 Strengthening Government Commitment to P3 Projects 4. Increasing the Supply of "Ultra-long" Government Bonds 4.1 Issuance of 50-year Federal Bonds 4.2 Increasing the Supply of 50-year Provincial Debt 5. Impact of Government Policy on Long-term Investment Market 5.1 Accounting Standards 5.2 Prudential Regulation 6. Conclusion

• CLHIA Report on Long-Term Investment Policy
• Table of Contents
• 1.0 Introduction
• 2.0 Role of Insurers as Long-Term Investors
• 3.0 Enhancing the Infrastructure Private Public Partnership Market in Canada
• 3.1 Overview of P3 Market in Canada
• 3.2 Life and Health Insurers Demonstrated Appetite and Expertise in P3 Investments
• 3.3 Shifting the Balance between Short-term and Long-term Financing
• 3.4 Harmonization of P3 Documentation for P3 Projects under $50 million
• 3.5 Pooling of Smaller Deals to Increase Supply
• 3.6 Increasing the Average Duration of P3s in Canada
• 3.7 Strengthening Government Commitment to P3 Projects
• 4.0 Increasing the Supply of "Ultra-long" Government Bonds
• 4.1 Issuance of 50-Year Federal Bonds
• 4.2 Increasing the Supply of 50-year Provincial Debt
• 5.0 Impact of Government Policy on Long-term Investment Market
• 5.1 Accounting Standards
• 5.2 Prudential Regulation
• 6.0 Conclusion
• APPENDIX -- LIST OF CLHIA RECOMMENDATIONS