FSRA forms committee to help reform Ontario’s auto insurance system

It has 15 members

FSRA forms committee to help reform Ontario’s auto insurance system

Motor & Fleet

By Mika Pangilinan

The Financial Services Regulatory Authority of Ontario (FSRA) has announced the formation of a new committee to aid in reforming the auto insurance system in the province.

The committee, called the Technical Advisory Committee (TAC) for Transforming Auto Insurance Regulation (ARURR), will provide expert advice to advance FSRA’s auto insurance reform strategy, which aims to make the Ontario system fairer while promoting regulatory efficiency and helping consumers make better and more informed decisions.

In a statement issued late last week, FSRA welcomed the committee’s 15 members who were selected through a public call for applications based on their professional experience, knowledge of relevant issues, representation across the sector, and diversity criteria.




Deborah Upton

Vice president, pricing 

Gore Mutual Insurance

Greg Robertson


Robertson Insurance Broker

Jennifer Power

Vice president, distribution design & delivery


Julie Nolette

Vice president, personal line corporate underwriting


Lydia Roy

AVP FI pricing and profitability

TD Insurance

Malcolm Winer

Director compliance and ombudsman

Travelers Canada

Maria Benjamins

Director corporate underwriting auto


Rahul Gumber

Chief risk officer 

Aviva Canada

Sebastien Vachon

Vice president, personal insurance pricing


Sherene Hariprasad

Insurance product manager


Stephane McGee

Head of product and actuarial 


Steve Cohen

Vice president of insurance and chief UW officer


Todd Saunders

Associate vice president, regulatory affairs & rating systems


Trevor Foster

Director auto & commercial policy


Warren Ting

Vice president, underwriting

Hamilton Township Mutual Insurance Company


“We will be looking to these new committee members to provide us with expert insight and advice on ways to reform the regulation of auto insurance rates and underwriting in Ontario, which is critically important work,” said Tim Bzowey, executive vice president for auto insurance products at FSRA.

The committee’s mandate includes evaluating consumer benefits and harms related to policy issues, such as fairness, profitability, operational risk management, scope of rate regulation/coverage, and transparency. The TAC will also review and improve FSRA’s recommendations for reforming the regulation of rates and underwriting.

“We strongly believe these advancements will lead to an auto insurance system that is more effective, transparent and fairer for consumers,” Bzowey added.

Ontario’s estimated auto insurance premiums increased by 12% in 2023 compared to 2021, according to a recent survey by RATESDOTCA Insuramap. The average estimated premium now stands at $1,744, marking the largest increase in the history of the survey.

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