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
Northbridge General Insurance CorporationDecisionJuly 07, 202218.15%September 26, 2022November 10, 2022
Zenith Insurance CompanyDecisionJuly 07, 202227.00%September 26, 2022November 10, 2022
Wawanesa Mutual Insurance Company, TheApprovalJuly 05, 2022-0.01%August 01, 2022August 01, 2022
Insurance Company of Prince Edward IslandApprovalJuly 04, 20220.00%September 01, 2022September 01, 2022
Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
CUMIS General Insurance CompanyApprovalJune 15, 20220.00%October 01, 2022October 01, 2022
Co-operators General Insurance CompanyApprovalApril 22, 20222.93%October 01, 2022October 01, 2022
Dominion of Canada General Insurance Company, TheApprovalApril 21, 20223.00%May 15, 2022June 15, 2022
Sonnet Insurance CompanyDecisionApril 08, 20227.90%April 16, 2022May 31, 2022
Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
CAA Insurance Company (Ontario)ApprovalMarch 17, 20222.98%May 01, 2022June 15, 2022
Economical Mutual Insurance CompanyApprovalMarch 16, 20222.93%April 01, 2022June 05, 2022
Unifund Assurance CompanyApprovalMarch 15, 20222.97%May 22, 2022June 01, 2022
Facility AssociationDecisionMarch 04, 202210.80%July 01, 2022July 01, 2022
United General Insurance CorporationApprovalMarch 03, 20222.92%March 01, 2022March 01, 2022
Scottish & York Insurance Company LimitedApprovalJanuary 26, 20220.00%February 01, 2022February 01, 2022
Aviva General Insurance CompanyDecisionJanuary 20, 20228.59%May 01, 2022May 01, 2022
Aviva Insurance Company of CanadaDecisionJanuary 20, 202210.64%February 01, 2022February 01, 2022
S&Y Insurance CompanyApprovalJanuary 20, 20220.00%February 01, 2022February 01, 2022
Traders General Insurance CompanyDecisionJanuary 20, 20227.01%February 01, 2022February 01, 2022
Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
Intact Insurance CompanyApprovalOctober 07, 20212.91%January 01, 2022February 01, 2022
Trafalgar Insurance Company of CanadaApprovalOctober 07, 20212.94%January 01, 2022February 01, 2022

[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.