Technical Advisory Committee for Auto Rates and Underwriting Regulation Reform

Summary of the meeting of November 27, 2024

TAC members present:

Name

Organization

Greg Robertson

Robertson Insurance Broker

Malcolm Winer

Travelers

Maria Benjamins

DGIG

Evgueni Venkov

Aviva

Sherene Hariprasad

CAA

Stephane McGee

Onlia

Steve Cohen

Rates.ca

Todd Saunders

Cooperators

Trevor Foster

IBC

Warren Ting

Hamiton Township Mutual Insurance

Lydia Roy

TD

Brad Neilson

Intact

Jennifer Power

Allstate

Julie Nolette

Intact

Deborah Upton

Gore Mutual

Edward Lam

Definity

Karen Galt

Allstate

Rob Cao

Gore Mutual

FSRA members and external attendees present:

Auto/P&C Policy 

Chris Georgakopoulos, Jonas Schwab-Pflug, Rheena Arthur, John McKee, Gage Thavarajakulasingam, Tyler Valdron

Auto/Insurance Products 

Cong Wang, Nada Fraij, Michelle Dodokin, Qiaoji Xu, Dilshad Kanji, Saad Opal

General comments:

The fifth Auto Rates and Underwriting Regulation Reform (ARURR) Technical Advisory Committee (TAC) meeting focused on FSRA’s proposed accreditation process, fast-track rate filings, and future Filing Manual.

Auto Insurance Rating and Underwriting Supervision Guidance:

The discussion centered on the fast-track filing stream, the accreditation process, expedited timelines, and types of filings eligible for accreditation. The committee also discussed the possible misuse of accreditation benefits.

Fairness assessments:

The committee discussed fairness assessments with a focus on fair consumer outcomes and associated standards. The committee also discussed the evaluation process, preparedness for the new supervisory approach, and the application of principles-based regulation.

FSRA also discussed extending the committees term for another year.