Property and casualty (P&C) insurance companies in Canada are regulated by federal and/or provincial regulators, called Superintendents of Insurance.
Federally, the Office of the Superintendent of Financial Institutions (OSFI) regulates the solvency and financial soundness of most P&C insurance companies.
Provincially, individual Superintendents of Insurance license insurance companies, regulate insurance products and market conduct (underwriting, rating, claims, and marketing practices), and regulate solvency and financial soundness of the companies incorporated in their province.
Region | Regulator (Superintendent) |
Canada | Office of the Superintendent of Financial Institutions (OSFI) |
Alberta | Alberta Superintendent of Insurance |
British Columbia | BC Financial Services Authority (BCFSA) |
Saskatchewan | Financial and Consumer Affairs Authority |
Manitoba | Financial Institutions Regulation Branch (FIRB) |
Ontario | Financial Services Regulatory Authority of Ontario (FSRA) |
Quebec | Autorité des marchés financiers (AMF) |
New Brunswick | Financial and Consumer Services Commission |
Nova Scotia | Office of the Superintendent of Insurance |
Newfoundland and Labrador | Superintendent of Insurance |
Prince Edward Island | Office of the Superintendent of Insurance |
Northwest Territories | Office of the Superintendent of Insurance |
Nunavut | Office of the Superintendent of Insurance |
Yukon | Office of the Superintendent of Insurance |
Inter-jurisdictional | Canadian Council of Insurance Regulators (CCIR) |
Additionally, there are administrative tribunals and utility boards that supervise auto insurance rates.
Region | Administrative Tribunals / Utility Boards |
Alberta Automobile Insurance Rate Board | www.airb.alberta.ca |
British Columbia Utilities Commission | www.bcuc.com |
Saskatchewan Rate Review Panel | www.saskratereview.ca |
Manitoba Public Utilities Board | www.pub.gov.mb.ca |
Ontario Licence Appeal Tribunal | //slasto-tsapno.gov.on.ca/lat-tamp/en/ |
New Brunswick Insurance Board | www.nbib-canb.org |
Prince Edward Island Regulatory and Appeals Commission | www.irac.pe.ca/insurance |
Nova Scotia Utility and Review Board | //nsuarb.novascotia.ca |
Newfoundland and Labrador Board of Commissions of Public Utilities | www.pub.nl.ca |
Insurance regulators issue bulletins, notices or guidelines on various issues affecting the P&C insurance industry. The following jurisdictions make these bulletins and guidelines available online.
Insurance Regulator by Region | Insurance Regulator Bulletins/Notices | Insurance Regulator Guidelines |
Canada | Table of Advisories by Category Of interest: Notice to Consumers Regarding Foreign Insurers | Table of Guidelines by Category (last column captures those applicable to P&C) |
Alberta | Superintendent of Insurance Bulletins, Notices and Enforcement Activities | N/A |
British Columbia | Information Bulletins and Notices for Insurance Companies | Guidelines for Insurance Companies |
Saskatchewan | Saskatchewan Rate Review Panel | N/A |
Manitoba | Public Utilities Board Notices Regarding Manitoba Public Insurance; | N/A |
Quebec | AMF - Insurance and Deposit Institutions | Guidelines for P&C Insurance |
Ontario | FSCO: Property and Casualty – Auto Bulletins FSCO: Insurance Bulletins FSRA: Auto Insurance Sector News | Superintendent’s Guidance – Auto Insurance |
New Brunswick | Notices and Bulletins Issued by Financial and Consumer Services Commission (FCNB) New Brunswick Insurance Board (NBIB) Information Bulletins | N/A |
Nova Scotia | Superintendent of Insurance Information Bulletins | Nova Scotia Utility and Review Board (NSURB) (auto insurance bulletins and rate filing requirements) |
Newfoundland and Labrador | Superintendent of Insurance Bulletins | Public Utilities Board – Insurance Division: Auto Insurance Filing Guidelines |
Prince Edward Island | Island Regulation and Appeal Commission (IRAC) – Information Bulletins | IRAC Filing Guidelines |
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Updated October 6, 2020.