FSRA releases Proposed Guidance on Automobile Insurance Rating and Underwriting Supervision

By Darcy Ammerman, Mathurhaen Siri and Delina Wen ( November 14, 2024, 2:40 PM EST) -- The Financial Services Regulatory Authority of Ontario’s (FSRA) role in the automobile insurance sector includes a responsibility to ensure that all Ontarians have access to fairly priced automobile insurance. Recently, FSRA introduced its Proposed Guidance: Automobile Insurance Rating and Underwriting Supervision Guidance (Proposed Guidance), which aims to transition the sector to a principles-based regulatory model....