Information Bulletins
Filing Packages
Hearings
Decisions and Approvals
Legislation
FAQ

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

Quarter 2 2024 April - June

Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
Wawanesa Mutual Insurance Company, TheApprovalApril 2, 20240.00%April 2, 2024April 2, 2024
Liberty Insurance Company of CanadaApprovalMay 27, 20240.00%August 1, 2024August 1, 2024
CUMIS General Insurance CompanyApprovalJune 19, 20242.89%October 1, 2024October 1, 2024
Co-operators General Insurance CompanyDecisionJune 19, 20247.31%November 13, 2024December 13, 2024
Sovereign General Insurance Company, TheApprovalJune 27, 20240.00%November 25, 2024November 25, 2024

Quarter 1 2024 January - March

Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
Intact Insurance CompanyApprovalJanuary 11, 20242.98%March 5, 2024April 5, 2024
Sompo Japan Insurance Inc.ApprovalJanuary 12, 20240.00%June 1, 2024June 1, 2024
Insurance Company of Prince Edward IslandApprovalJanuary 23, 20242.29%September 1, 2024September 1, 2024
Portage la Prairie Mutual Insurance Company, TheApprovalJanuary 25, 20240.00%September 1, 2024October 1, 2024
Continental Casualty CompanyApprovalFebruary 6, 20240.00%July 1, 2024July 1, 2024
Hartford Fire Insurance CompanyApprovalFebruary 6, 20240.00%July 1, 2024July 1, 2024
CHUBB Insurance Company of CanadaApprovalFebruary 20, 20240.00%July 1, 2024July 1, 2024
XL Specialty Insurance CompanyApprovalMarch 12, 20240.00%May 1, 2024May 1, 2024
Aviva General Insurance CompanyApprovalMarch 22, 20240.00%March 22, 2024March 22, 2024
Aviva Insurance Company of CanadaApprovalMarch 22, 20240.00%March 22, 2024March 22, 2024
Traders General Insurance CompanyApprovalMarch 22, 20240.00%March 22, 2024March 22, 2024
Definity Insurance CompanyDecisionMarch 27, 202411.43%April 21, 2024June 25, 2024
Sonnet Insurance CompanyDecisionMarch 28, 202421.08%April 21, 2024June 5, 2024

Quarter 4 2023 October - December

Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
Certas Home and Auto Insurance CompanyApprovalOctober 12, 20230.00%November 20, 2023February 12, 2024
Personal Insurance Company, TheApprovalOctober 12, 20230.00%October 16, 2023January 15, 2024
Echelon General Insurance CompanyDecisionOctober 13, 20237.00%March 1, 2024March 1, 2024
Primmum Insurance CompanyApprovalOctober 27, 20232.78%December 15, 2023February 1, 2024
Security National Insurance CompanyApprovalOctober 27, 20232.35%December 15, 2023February 1, 2024
TD Home and Auto Insurance CompanyApprovalOctober 27, 20232.96%December 15, 2023February 1, 2024
Certas Home and Auto Insurance CompanyApprovalNovember 14, 20230.00%April 30, 2024June 30, 2024
Dominion of Canada General Insurance Company, TheApprovalNovember 14, 20230.00%November 14, 2023November 14, 2023
Personal Insurance Company, TheApprovalNovember 14, 2023-0.04%April 30, 2024June 30, 2024
CAA Insurance Company (Ontario)ApprovalNovember 23, 20232.97%May 1, 2024June 15, 2024
Aviva General Insurance CompanyDecisionDecember 1, 20236.30%June 1, 2024June 1, 2024
Aviva Insurance Company of CanadaDecisionDecember 1, 20237.57%June 1, 2024June 1, 2024
Traders General Insurance CompanyApprovalDecember 7, 20232.77%June 1, 2024June 1, 2024
Trafalgar Insurance Company of CanadaApprovalDecember 8, 20230.00%December 8, 2023December 8, 2023
Unifund Assurance CompanyApprovalDecember 8, 20230.00%December 8, 2023December 8, 2023
United General Insurance CorporationApprovalDecember 13, 20231.15%April 1, 2024April 1, 2024

Quarter 3 2023 July - September

Company NameDecision or ApprovalRelease DateApproved Average Rate ChangeEffective New Business DateEffective Renewal Business Date
Liberty Insurance Company of CanadaApprovalJuly 6, 20230.00%August 1, 2023August 1, 2023
Wawanesa Mutual Insurance Company, TheApprovalAugust 16, 2023-0.09%October 1, 2023October 1, 2023
Hartford Fire Insurance CompanyApprovalAugust 17, 20230.00%October 1, 2023October 1, 2023
Facility AssociationDecisionAugust 31, 2023-0.50%January 1, 2024January 1, 2024
Belair Insurance Company Inc.ApprovalSeptember 7, 2023-0.08%October 23, 2023January 2, 2024
Promutuel de l'EstuaireDecisionSeptember 8, 202311.11%January 31, 2024January 31, 2024
Facility AssociationApprovalSeptember 11, 20230.00%September 11, 2023September 11, 2023

[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.