NEWS |
November 18, 2021
FSRA Innovation Framework: we recommend wider exemptive powers
Today’s response from CADRI to the FSRA’s new innovation framework aims to help them fine-tune their approach. We’re asking for wider exemptive powers for FSRA’s CEO and easier movement of new programs from test phase to market.
READ THE SUBMISSION
October 29, 2021
We applaud FSRA's move towards principles-based regulation
Today’s response from CADRI to the FSRA 2022-2023 proposed priorities suggest that FSRA’s continued move towards less prescriptive regulation can eventually make the auto insurance take-all-comers rule unnecessary.
READ THE SUBMISSION
September 22, 2021
We ask that FSRA’s enforcement communications reflect the responsible efforts of self-reporting insurers
Our submission to FSRA’s public consultation on the communication of enforcement actions asks that enforcement communications reflect the responsible efforts of self-reporting insurers.
August 12, 2021
Our comments support the BC Insurance Council’s revised rule amendment, which acknowledges that more agents are working from home
August 11, 2021
Our additional comments on FSRA’s UDAP rule call for further consultation on potential outcomes
July 12, 2021
Today we welcome another new CADRI member
Sonnet Insurance is bringing its in-depth understanding of the end-to-end digital customer experience to our organization. Sonnet will be represented on our Board by Roger Dunbar, Senior Vice President.
“We welcome Sonnet Insurance to CADRI,” said Chair & CEO Geoffrey Beechey. “Sonnet brings an in-depth understanding of the end-to-end digital customer experience that will be invaluable to our organization.”
Sonnet’s voice will now be included in CADRI’s work to enable product and service innovation through flexible and evolving regulations and legislation. Sonnet will be represented on the CADRI Board by Senior Vice President Roger Dunbar. Sonnet representatives will also be added to CADRI’s Committees and Task Forces.
“CADRI is providing excellent coordination on vital issues for direct relationship insurers,” said Roger. “As a CADRI member, we will be working with the other leaders in the insurance industry to make sure we’re well positioned to keep offering Canadians greater choice and innovation.”
July 9, 2021
We suggest improvements to CISRO’s proposed Principles of Conduct for Intermediaries
This week’s CADRI submission asks CISRO to exempt companies that are already compliant with Fair Treatment of Customers (FTC) Guidance from its proposed Principles of Conduct for Intermediaries.
May 11, 2021
We ask BC regulators for more flexible rules for our members’ agents working from home
This week’s CADRI submission asks the BC Insurance Council to phase-in any rate increases to avoid significant impacts on our members. It also calls for exemptions from the six-month in-office period for agents of companies with robust onboarding and training procedures.
READ THE SUBMISSION
April 1, 2021
We endorse changes in Ontario to allow for regulatory sandboxes to pilot new services for consumers and call for measures to allow Canada-wide application of findings
We’re happy to see changes in Ontario that allow FSRA to support innovation through regulatory sandboxes. Hopefully, sandboxes will include measures to allow for nation-wide implementation of successful projects.
March 29, 2021
Electronic communications: We support changes to Ontario auto regs and note similar changes needed for home and commercial property insurance
Our latest submission supports planned changes to Ontario auto insurance regulations allowing insurers to offer start-to-finish electronic communications. It also explains why we need similar changes for home and commercial property insurance.
READ THE SUBMISSION
May 10, 2021
Welcome new CADRI member Aviva!
Aviva Canada has joined other leading Canadian direct-relationship insurers as a member of CADRI.
“We welcome Aviva to CADRI,” said Chair & CEO Geoffrey Beechey. “We’re looking forward to adding their cutting-edge industry knowledge and experience to our organization.”
Aviva’s voice will now be included in CADRI’s work to enable product and service innovation through flexible and evolving regulations and legislation. Aviva will be represented on the CADRI Board by Laura Doddington. Aviva representatives will also be added to CADRI’s Committees and Task Forces.
“CADRI is doing a great job promoting a competitive insurance market for Canadians and we look forward to playing a key role in that work in the coming years,” said Laura.
March 18, 2021
NEW FSRA UDAP rule: We want to make sure changes protect flexibility and choice for customers
Our response to FSRA's proposed rule on unfair and deceptive practices explains our concerns about some measures in the new rule. We encourage FSRA to find principles-based solutions that preserve customers’ ability to find the right insurance plans for their specific needs.
March 12, 2021
Ontario legislative review: We welcome new measures to promote transparency and confidence in use of credit histories by auto insurers
January 4, 2021
Geoffrey Beechey steps into the role of CADRI Chair and CEO today
Geoffrey was previously our Vice Chair, and also chaired CADRI's Property Insurance Task Force.
His new role as leader of our Executive Team affirms CADRI’s commitment to achieving:
- Rate process simplification,
- Licensing efficiency,
- Digital innovation to meet customer expectations, and
- Canada-wide regulatory harmonization.
“The insurance industry is in the midst of an unprecedented period of changing customer needs and expectations, and direct relationship insurers are leading the way with innovative solutions,” said Geoffrey. “More than ever, we need strong and coordinated representation. Over the years I have been involved with CADRI as Vice Chair and chair of its Property Insurance Task Force, I have seen how effective this organization can be as a communicator, relationship builder and advocate.”
For more information about Geoffrey and the other members of our CADRI team, visit our Leadership page.