Ontario brokers now have a direct channel into the regulatory decisions most likely to affect their businesses over the next year. The Financial Services Regulatory Authority of Ontario (FSRA) has appointed 27 members across two reconstituted Stakeholder Advisory Committees (SAC) – one for property and casualty insurance and one for life and health – stacking each panel with practitioners who will advise the regulator on fraud enforcement, auto insurance reform, and the contested proposal to license managing general agents.
The appointments follow a structural overhaul announced in September 2026. FSRA merged its former auto insurance and non-auto P&C committees into a single P&C panel and shortened terms from two years to one, a move it said would bring “fresh perspectives” to the table more frequently. It also created a dedicated P&C division under acting executive vice-president Jordan Solway, signalling that auto and commercial-lines regulation will be coordinated rather than siloed.
For brokers, the timing is significant. Ontario’s auto insurance regime faced a July 2026 restructuring of the Statutory Accident Benefits Schedule, and the regulator’s fraud enforcement budget has grown as the Insurance Bureau of Canada (IBC) estimates that insurance fraud costs Canadians between $3 billion and $5 billion a year, according to IBC’s published figures. Meanwhile, FSRA’s proposed rule to license MGAs, a framework that would introduce new compliance obligations for intermediaries, remains paused after industry pushback.
Read more: FSRA consolidates auto and P&C advisory committees
The 13-member P&C panel draws from carriers, brokerages, adjusting firms and health service providers. Notable appointments include Peter Braid of the Insurance Brokers Association of Canada (IBAC), who brings national broker-channel perspective; Amanda Dean of the Insurance Bureau of Canada; and representatives from major carriers including Lindsay Loughridge of Intact, Rick Wirkowski of Definity, and Tara Laidman of The Co-operators. The brokerage side also includes Adam Mitchell of Mitch Insurance, Tracey Medeiros of Gallagher Canada, and Mariano Neiman of Zensurance, while insurtechs are represented through Steve Whitelaw of Applied Systems Canada.
Speaking at IBAC’s annual general meeting in September 2026, Braid said the association “stands ready to meet the challenges and opportunities of a rapidly changing insurance landscape.”
The 14-member life and health committee faces its own contentious files, chief among them the MGA licensing proposal. Independent Financial Brokers of Canada (IFB), in a January 2026 submission to FSRA signed by executive director Nancy Allan, warned that the draft rule “risks uncertainty, inconsistent interpretation and enforcement” and cautioned that “reduced interaction with licensed professionals is not a theoretical concern.”
Key members include Nancy Allan of Independent Financial Brokers of Canada (IFB), Lyne Duhaime of the Canadian Life and Health Insurance Association (CLHIA), and Keith Martin of the Canadian Association of Financial Institutions in Insurance. The committee also seats representatives from Sun Life, iA Financial Group, RBC Insurance, and ivari, alongside distribution firms such as IDC Worldsource, HUB Financial, and WFG Canada.
Read more: Canadian insurers back federal crackdown as industry pegs annual fraud cost at up to $5 billion
Both committees held their inaugural meetings on April 30, 2026, alongside sessions with FSRA’s board of directors. The P&C panel’s first agenda included the SABS restructuring timeline, FSRA’s Test and Learn Environment for dealership insurance sales, and an update on the MGA licensing consultation. The life and health committee reviewed FSRA’s supervision approach and discussed emerging trends in digital distribution.
Full member lists and meeting summaries are published on FSRA’s website. Committee terms run for one year, with a new recruitment cycle expected in late 2027.
