In July, FSRA issued a call for applications to join our new Technical Advisory Committee for Auto Insurance Data and Analytics Strategy (Advisory Committee). This special purpose committee will provide expert insight to FSRA as we seek to improve regulatory efficiency and effectiveness by using data, analytics and technology.
The new Advisory Committee will also provide expert advice and deliver on outcomes that will help to inform the development and implementation of FSRA’s Auto Insurance Data and Analytics Strategy.
- Advice to inform FSRA’s data collection strategy and implementation plan to improve the way auto insurance is regulated in Ontario, in particular, how RegTech can be used for regulatory reporting and integrating data from auto insurance system in an effective and efficient way;
- Advice to inform the future state of data sharing in the auto insurance system to better serve consumers and key enablers (e.g. legal, technology, regulatory enablers); and
- Advice on regulatory implications of governing the use of artificial intelligence (AI) and big data analytics (BDA) in the auto insurance system to protect consumer interest while promoting market innovation.
Terms of reference
Questions regarding this committee or its membership can be directed to: