Decisions and Approvals


Decisions are issued further to a hearing. A hearing of the Board is only required in specific circumstances. Pursuant to the Insurance Act:

267.51(1)An insurer shall appear before the Board where the insurer

(a) files rates more than twice in a period of 12 months, or

(b) files rates where the average rate increase is more than 3% greater than the rates charged by it in the 12 months before the date on which it proposes to begin to charge the rates.


Approvals are issued but not published for all other filings that are reviewed by the Board but do not require a hearing.


Quarterly Decisions and Approvals for Private Passenger Vehicles

Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
Allstate Insurance Company of CanadaDecisionMay 12, 20206.50%September 02, 2020November 01, 2020
Pembridge Insurance CompanyDecisionMay 12, 20208.49%September 02, 2020November 01, 2020
Co-operators General Insurance CompanyDecisionMay 04, 202010.58%July 22, 2020September 05, 2020
CUMIS General Insurance CompanyApprovalApril 17, 20202.87%October 01, 2020October 01, 2020
Sonnet Insurance CompanyDecisionApril 09, 202050.30%April 16, 2020September 01, 2020
Insurance Company of Prince Edward IslandDecisionApril 03, 202025.00%June 01, 2020June 01, 2020
Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
Pafco Insurance CompanyApprovalMarch 31, 20203.00%May 01, 2020July 01, 2020
Echelon General Insurance CompanyDecisionMarch 17, 202044.00%April 01, 2020May 15, 2020
CAA Insurance Company (Ontario)ApprovalMarch 04, 20202.94%May 01, 2020June 15, 2020
Economical Mutual Insurance CompanyDecisionJanuary 20, 20206.10%March 01, 2020April 01, 2020
Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
CHUBB Insurance Company of CanadaApproval [1]December 16, 201915.42%January 01, 2020January 01, 2020
Continental Casualty CompanyApproval [1]December 12, 201915.42%January 01, 2020January 01, 2020
Liberty Insurance Company of CanadaApproval [1]December 11, 201915.42%January 01, 2020January 01, 2020
Dominion of Canada General Insurance Company, TheDecisionDecember 09, 201915.00%January 15, 2020February 15, 2020
Facility AssociationDecisionNovember 22, 201914.40%January 01, 2020January 01, 2020
Royal and Sun Alliance Insurance Company of CanadaDecisionNovember 14, 201921.30%February 01, 2020March 01, 2020
Unifund Assurance CompanyDecisionNovember 14, 201924.50%February 01, 2020March 01, 2020
Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
Certas Home and Auto Insurance CompanyApprovalAugust 27, 20192.99%September 06, 2019November 05, 2019
Personal Insurance Company, TheApprovalAugust 27, 20192.99%September 06, 2019November 05, 2019
Sovereign General Insurance Company, TheApproval [1]August 19, 201919.73%November 14, 2019December 14, 2019
Wawanesa Mutual Insurance Company, TheDecisionAugust 19, 20198.60%January 15, 2020January 15, 2020
XL Insurance Company LimitedApproval [1]August 01, 201915.42%August 01, 2019August 01, 2019
Primmum Insurance CompanyDecisionJuly 25, 201910.05%October 01, 2019November 01, 2019
Security National Insurance CompanyDecisionJuly 25, 20199.84%October 01, 2019November 01, 2019
TD Home and Auto Insurance CompanyDecisionJuly 25, 201910.91%October 01, 2019November 01, 2019
Trafalgar Insurance Company of CanadaDecisionJuly 08, 201911.87%August 15, 2019September 15, 2019
Intact Insurance CompanyDecisionJuly 05, 201912.07%August 07, 2019September 07, 2019

[1] - This Insurer is adopting the most recently approved IAO rates. IAO Actuarial Consulting Services Inc. (IAO) is an organization that develops automobile insurance rates for the insurance industry. As such, IAO does not write any insurance policies, but develops rates for private passenger, commercial, miscellaneous and interurban vehicles. At the request of the Board, those rates are submitted for approval. Once approved by the NBIB, insurance companies with smaller lines of business or new entrants to the market may adopt IAO rates for their own use. Typically, these smaller companies do not have enough experience data to develop rates per the Board’s filing guidelines.

See Annual Reports for previous decisions and approvals
Quarterly reports will be released 45 days following the end of the quarter.