NEWS |
November 18, 2019
FSRA’s 2020-21 priorities build on efforts this year to give Ontario drivers a better auto insurance system
November 12, 2019
We call on Ontario government to join other jurisdictions in allowing electronic insurance communications
August 23, 2019
We've developed a modified option for harmonized agent qualification requirements for CISRO's review
July 24, 2019
We've raised some concerns about FICOM's proposed new fee structure
June 27, 2019
We commend FCNB’s plans to remove some regulatory burdens and help us improve services for New Brunswick customers
June 5, 2019
Participants in our Annual Conference heard about the FSRA launch and innovations in rate regulation
Chairman & CEO Alain Thibault welcomed members and thanked hosts HB Group Insurance Management
Brian P. Sullivan, editor of Auto Insurance Report and Property Insurance Report, shared his views on regulatory efficiency and innovation
FSRA’s Tim Bzowey, EVP, Auto/Insurance Products gave members the latest news on Ontario’s transition to a new era of financial services regulation.
A strong turnout of CADRI members heard from industry experts and leaders, exchanged ideas and asked questions.
Photos: Bard Azima, Livingface Photography
April 15, 2019
CADRI supports Ontario government’s move to foster innovation in the insurance business
Ontario budget ushers in long-awaited changes to auto insurance in the province.
The association representing direct insurers welcomes the proposed update to Ontario’s auto insurance system announced by the Finance Minister in the Budget speech last week.
“Lowering costs, increasing consumer choice and increasing competition in the auto insurance market are necessary modifications,” commented CADRI Chairman & CEO Alain Thibault. “Ontario’s drivers deserve the same convenience with auto insurance that they have with other financial institutions.”
The budget announced changes to auto insurance including:
- Focusing on care for people injured in collisions and making sure that they can access treatment faster,
- Facilitating electronic communications, making it fast and simple to do business with insurance companies,
- Bringing the convenience of electronic proof of insurance to Ontario drivers,
- Enabling innovation and new business models to give drivers more options, and
- Making it easier for insurance companies to offer more options by allowing insurers to consider a client’s credit history if permitted, among other measures.
“We are keen to work with the province and its new regulator, the Financial Services Regulatory Authority, to implement these developments quickly,” said Thibault. “Reducing the regulatory burden and eliminating red tape, will go a long way to making things easier for everyone involved.”
Ontario’s Putting Drivers First blueprint builds on key issues addressed in David Marshall’s 2017 report on Ontario’s auto insurance system, Fair Benefits, Fairly Delivered.
February 28, 2019
CADRI members brave the Edmonton cold to advocate for change
Members of our Western Committee met with Alberta's Treasury Board in February.
(l-to-r) Jim Mahoney, Cooperators, Haseeb Rehman, Desjardins, Lynn Whitehead, TD Insurance,
Paul Wilkins, belairdirect, Catherine Allman, CADRI
February 21, 2019
CADRI members continue talks with Ontario government on auto insurance reform and innovation
(l-to-r) Brad Neilson, belairdirect, MPP Doug Downey, Parliamentary Secretary to Finance Minister, Sara Cleland, Cooperators,
Lynn Whitehead, TD Insurance, Catherine Allman, CADRI, Sam Palmerio, Desjardins
February 7, 2019
We respond to FSRA’s proposed priorities and budget
CADRI appreciates the opportunity to comment on FSRA’s proposed Priorities and Budget for its first year of operation. Our comments will focus on the priorities and planning which impact direct-relationship property and casualty insurance companies and their customers
January 4, 2019
We urge FSRA to consider financial pressures on our industry when setting fees
CADRI appreciates the opportunity to comment on FSRA’s proposed rules for assessments and fees on an interim and longer-term basis. Our comments will focus on the impact of the regime on direct-relationship property and casualty insurance companies