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
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
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

[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.