Announcements
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Auto Insurance Rate Changes Approved in Q4 2019 have been Posted
Announcements
Auto Insurance
For Industry
For regulatory continuity, auto insurance rate changes approved in Q4 2019 have been posted. View the Q4 2019 rates The Financial Services Regulatory Authority of Ontario (FSRA) is committed to providing, and improving, transparency for Ontarians, including the province’s 10 million auto insurance
FSRA Launches New Approach for Innovative Auto Insurance Products – Subscriptions with Open Consultation
Consultations
Auto Insurance
For Industry
TORONTO, JANUARY 14, 2020 - On January 14, 2020, FSRA introduced the new approach for Innovative Auto Insurance Products - Subscriptions (IAIP-S) for subscription-based auto insurance products. This approach is being rolled-out on a “test and learn” basis. This means, while this approach is active
FSRA Launches New Pension Retirees Advisory Panel
Announcements
Pensions
All
TORONTO, JANUARY 13, 2020 - We are launching a new Retirees Advisory Panel, as part of our ongoing commitment to an open, transparent and a collaborative approach that ensures retiree input and perspectives inform our direction and decisions. The panel will act as an advisory body to FSRA, to
Discontinuance of the Bank of Canada Series V122515 and V122495
Announcements
Pensions
All
TORONTO, JANUARY 13, 2020 - We have published new guidance to provide you with information on what FSRA will accept in lieu of the discontinued CANSIM series referenced in the Ontario Pension Benefits Act (Act).
Supervisory Approach for Single Employer Defined Benefit Pension Plans that are Actively Monitored
Announcements
Pensions
For Industry
TORONTO, JANUARY 13, 2020 - We are seeking feedback on the approach we are proposing, to improve the outcomes for the pension plan beneficiaries of Ontario-registered single employer defined benefit pension plans, when there may be a concern with respect to the security of the promised pension
2020 Automobile Insurance Indexation Amounts
Announcements
Auto Insurance
For Industry
2020 Automobile Insurance Indexation Amounts are now posted.
Notice - Filing of 2019 Annual Return for Ontario
Announcements
Life and Health Insurance
For Industry
It is time to file your annual returns. Pursuant to Section 102 of the Insurance Act (Ontario), all Ontario insurers are required to file annual returns for the year ended on October 31, 2019 or December 31, 2019, with the Superintendent of Financial Services, or his or her designate. Section 447 of
FSRA establishing new Technical Advisory Committee for Transforming Auto Insurance Rate Regulation
Announcements
Auto Insurance
For Industry
TORONTO, December 18, 2019 – The Financial Services Regulatory Authority (FSRA) is creating a new Technical Advisory Committee for Transforming Auto Insurance Rate Regulation (the Advisory Committee). The Advisory Committee will provide expert insight to FSRA as we seek to transform auto insurance rate regulation with a focus on empowering and protecting consumers in Ontario’s auto insurance system.
Timing for SMI Transfer
Announcements
Mortgage Brokering
All
Financial Services Regulatory Authority (FSRA) and the Ontario Securities Commission (OSC) announced new timing for the transfer of regulatory oversight of certain syndicated mortgage investments to the OSC. Read the details in this news release.
Muhammad Bajwa - FSRA Warning Notice
Warnings
Property and Casualty and General Insurance
For Consumers
The Financial Services Regulatory Authority of Ontario (FSRA) is protecting consumers and ensuring public trust in Ontario’s financial services. We are warning consumers that Muhammad Bajwa is not licensed to conduct insurance business in Ontario. Mr. Bajwa appears to be soliciting auto insurance