Technical Advisory Committee for Auto Rates and Underwriting Regulation Reform

Summary of the meeting of March 19, 2024

TAC members present:



Deborah Upton

Gore Mutual Insurance

Greg Robertson

Robertson Insurance Broker

Jennifer Power


Julie Nolette


Lydia Roy

TD Insurance

Malcom Winer

Travelers Canada

Maria Benjamins


Andrei Belik (delegate)

Aviva Canada

Edward Lam


Sherene Hariprasad


Stéphane McGee


Steve Cohen

Todd Saunders


Trevor Foster


Warren Ting

Hamilton Township Mutual Insurance

FSRA members and external attendees present:

Auto/P&C Policy

Glen Padassery, Chris Georgakopoulos, Jonas Schwab-Pflug, Melissa Grover, Rheena Arthur

Auto/Insurance Products

Cong Wang, Saad Opal, Eugene Shmeilin, Brian Kogan, Nadine Chang

Consumer Office

Diana Green


Jason Harris

General comments

This was the third Auto Rates and Underwriting Regulation Reform (ARURR) Technical Advisory Committee (TAC) held by FSRA. FSRA began the meeting by recapping what we learned from the last meeting and inviting further comments on document modernization, consumer experience benchmarking, transparency and informed consumer decision making.

The meeting was focused on engaging committee members on two chapters of the Auto Insurance Rating and Underwriting Supervision Guidance being developed. Committee members first engaged with Chapter 2: Operations, Governance and Controls, and then subsequently engaged with Chapter 3: Assessment and Proactive Supervision.

The meeting concluded with a discussion on one of FSRA’s transparency initiatives - the Rate Comparison Tool.

Supervision Guidance and transparency initiative

Operations governance controls

Discussion centred around proportionality in requirements to obtain the same outcomes. The group discussed the impacts of imposing uniform requirements on insurance companies with varying sizes and complexities. The group also discussed data governance and how to maintain effective model risk management in auto rating and underwriting. 

Accreditation assessments

The group discussed how accreditation assessments and proactive supervision will interact to achieve the goal of fairer and faster rates to market. The discussion touched on how long the accreditation status should last for and the frequency of proactive supervision.  

Rate Comparison Tool 

The group discussed the importance of consumer education and how consumers can get the right information they need to make informed decisions. Discussion also focused on the importance of getting the right coverage as opposed to just seeking the lowest rate and making sure the tool is not misleading.