FSRA Technical Advisory Committee for Auto Insurance Data & Analytics

Summary of the meeting of November 19, 2021
Via Teams

Technical advisory committee members present:

Name

Organization

Achraf Louitri

Intact

Aiden Chen 

Facility Association

Charles Dugas

Ernst & Young

Christopher Cooney

TD Insurance

Danish Yusuf

Zensurance

François Godbout

Co-operators

Kai Huang

Economical

Michael Lin

Travelers

Stephane Provost

Aviva

Santiago Villasis

CGI

Steve Gugler

3Tree Inc.

FSRA members present:

Tim Bzowey, Ivy Ou, Bruce Green, Stuart Wilkinson and others from FSRA’s Auto/ Insurance Products and Auto/ P&C Policy teams were present at the meeting. Marlena Labieniec from FSRA’s Innovation Office was also present.

General comments

This was the fifth and final Auto Insurance Data & Analytics Technical Advisory Committee meeting held by FSRA. The objective of the meeting was to review the draft TAC report and agree on the final recommendations. A recap of discussions undertaken during the previous TAC meetings and a summary of the products resulting from these discussions were provided. FSRA also provided a status update of its Innovation Framework and Test and Learn Environment, as well as its Underwriting and Rates Regulation Strategy and Transparency Strategy.

The committee members participated in a discussion session to provide their feedback on one of the final products that resulted from the meeting discussions -Report on Fair Treatment of Consumers in Uses of Big Data Analytics in Auto Insurance. FSRA noted that revised versions of final products based on feedback received from the committee members will be finalized by March 31, 2022. The Report on Fair Treatment of Consumers in Uses of Big Data Analytics in Auto Insurance is expected to be publicly released after it is finalized.