Property and Casualty and General Insurance
Comment Due Date

Ontario’s financial services regulator (FSRA) is taking steps to protect insurance consumers and promote a sustainable insurance sector by communicating sound corporate governance, and operational risk management and resilience practices.  

To support the prudent oversight, management and practices of Insurers, FSRA is proposing two new pieces of draft Guidance that articulate principles and desired outcomes for both sound corporate governance and operational risk management and resilience. 

The proposed Guidance is aligned with FSRA’s principles-based approach and allows for flexibility and applies proportionality when assessing the effectiveness of Insurers in achieving the intended outcomes.  

The two pieces of Guidance are being posted for a 60-day consultation period, which closes on June 17, 2024. 

Learn more: 


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