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March 24, 2022

Seven Key Reforms Urgently Needed for Auto Insurance

  • Key reforms to private-sector auto insurance could yield millions of dollars in savings for Canadian consumers and make auto insurance more responsive to market forces, according to a new report from the C.D. Howe Institute.
  • Author David Marshall, who has served as a Federal Deputy Minister and Senior Advisor to the Government of Ontario on auto insurance and pension funds, proposes reforms that provincial governments should adopt to improve the cost and value of auto insurance in Canada.
  • Auto insurance for personal injury and auto repair is either delivered through a government-run agency (Manitoba, Saskatchewan and Quebec) or through private-sector insurers (the Atlantic provinces, Ontario and Alberta) with the coverage in each province differing significantly. However, since the offerings delivered by insurers in private-sector provinces are government-designed and controlled, Canada does not really have a private-sector insurance product.
David Marshall

David Marshall has served as a Federal Deputy Minister, and Senior Advisor to the Government of Ontario on auto insurance and pension funds. He currently consults on financial management. Previous roles include Assistant Auditor General of Canada, diplomat, Vice Chairman of CIBC, and President and CEO of WSIB.