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 CanadaApprovalAugust 31, 20213.00%September 02, 2021November 01, 2021
Pembridge Insurance CompanyApprovalAugust 31, 20212.96%September 02, 2021November 01, 2021
CUMIS General Insurance CompanyApprovalAugust 17, 20212.92%October 01, 2021October 01, 2021
Pafco Insurance CompanyApprovalJuly 21, 20213.00%September 02, 2021November 01, 2021
Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
Promutuel de l'EstuaireApprovalJune 29, 20212.01%October 15, 2021October 15, 2021
Certas Home and Auto Insurance CompanyApprovalJune 03, 20212.99%September 10, 2021November 09, 2021
Personal Insurance Company, TheApprovalJune 03, 20212.99%September 10, 2021November 09, 2021
Echelon General Insurance CompanyApprovalJune 02, 20210.00%August 15, 2021August 15, 2021
Insurance Company of Prince Edward IslandApprovalMay 28, 20210.00%September 01, 2021September 01, 2021
Sovereign General Insurance Company, TheDecisionApril 22, 20216.03%June 14, 2021July 14, 2021
Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
CAA Insurance Company (Ontario)ApprovalMarch 23, 20213.00%May 01, 2021June 15, 2021
Dominion of Canada General Insurance Company, TheApprovalMarch 17, 20213.00%May 18, 2021June 20, 2021
Economical Mutual Insurance CompanyApprovalMarch 17, 20212.97%April 01, 2021June 05, 2021
Royal and Sun Alliance Insurance Company of CanadaApprovalMarch 11, 20210.00%June 01, 2021July 01, 2021
Unifund Assurance CompanyApprovalMarch 11, 20213.00%April 01, 2021May 01, 2021
United General Insurance CorporationDecisionFebruary 17, 20216.94%December 01, 2020December 01, 2020
Liberty Insurance Company of CanadaApprovalJanuary 29, 20213.00%February 01, 2021February 01, 2021
XL Insurance Company LimitedApprovalJanuary 29, 20210.00%April 01, 2021April 01, 2021
Hartford Fire Insurance CompanyApprovalJanuary 13, 20210.00%February 01, 2021February 01, 2021
CHUBB Insurance Company of CanadaApprovalJanuary 06, 20213.00%February 01, 2021February 01, 2021
Trafalgar Insurance Company of CanadaApprovalJanuary 06, 2021-0.65%March 07, 2021April 07, 2021
Continental Casualty CompanyApprovalJanuary 05, 20213.00%January 01, 2021January 01, 2021
Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
Intact Insurance CompanyDecisionDecember 22, 20204.57%March 07, 2021April 07, 2021
Primmum Insurance CompanyDecisionNovember 24, 202020.85%February 22, 2021March 22, 2021
Security National Insurance CompanyDecisionNovember 24, 202016.27%February 22, 2021March 22, 2021
TD Home and Auto Insurance CompanyDecisionNovember 24, 202016.62%February 22, 2021March 22, 2021
Facility AssociationDecisionOctober 27, 202013.50%March 01, 2021March 01, 2021
IAO Actuarial Consulting Services Inc.ApprovalOctober 16, 20203.00%November 01, 2020November 01, 2020

[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.