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Alberta finance, insurance, real estate and leasing industry profile

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Annual profiles of Alberta's finance, insurance, real estate and leasing industry. Information and statistics on demographics, wages and employment trends and outlook are included.

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Auto insurance changes in Alberta

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Treasury Board and Finance has commissioned Oliver, Wyman Limited and Nous Group to conduct separate but complementary reports to guide long-term automobile insurance reforms. While Oliver Wyman’s... More ≫

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Treasury Board and Finance has commissioned Oliver, Wyman Limited and Nous Group to conduct separate but complementary reports to guide long-term automobile insurance reforms. While Oliver Wyman’s report provides insights into the financial implications of reform options, the analysis by Nous delves deeper into the broader effects on the economy, employers and government finances. By considering both aspects, the government can gain a comprehensive understanding of the potential trade-offs between short-term financial costs and long-term economic sustainability. Consideration of both the economic impacts and actuarial costs of potential reforms is crucial for informed decision making.

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Alberta machinery & equipment assessment minister's guidelines

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Annual updates of the machinery & equipment assessment minister's guidelines.

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OSFI guidelines adopted by Alberta

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In accordance with section 792.1 of the Insurance Act, the Alberta Superintendent of Insurance has adopted and issued the following Guidelines of the federal Office of the Superintendent of... More ≫

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In accordance with section 792.1 of the Insurance Act, the Alberta Superintendent of Insurance has adopted and issued the following Guidelines of the federal Office of the Superintendent of Financial Institutions (OSFI Guidelines), including future revisions, for provincially incorporated Property and Casualty Insurers, Life Insurers and Reciprocal Insurance Exchanges, either formed under the Insurance Act, or who have transferred to Alberta such that Alberta is their primary regulator (collectively known as “provincially regulated insurance entities”). For more information, visit http://insurance.alberta.ca/insurers.

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Superintendent of Insurance annual report

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These annual reports contain a summary of insurance business in Alberta for the year, summary of licences issued under the Insurance Act, statistical review, list of insurance companies licensed... More ≫

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These annual reports contain a summary of insurance business in Alberta for the year, summary of licences issued under the Insurance Act, statistical review, list of insurance companies licensed in Alberta and abstracts of returns. For more information, visit http://insurance.alberta.ca.

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Superintendent of Insurance : enforcement activities

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To protect consumers and enhance public confidence in insurance, the Alberta Superintendent of Insurance monitors, investigates and takes appropriate regulatory action when there is non-compliance... More ≫

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To protect consumers and enhance public confidence in insurance, the Alberta Superintendent of Insurance monitors, investigates and takes appropriate regulatory action when there is non-compliance with the Insurance Act and Regulations. Regulatory action includes administrative penalties, cease and desist orders, compliance undertakings and court prosecutions. In all cases involving regulatory action, there will be public notification on the Government of Alberta website at http://insurance.alberta.ca/bulletins. This document contains enforcement activities undertaken by the Alberta Superintendent of Insurance and is updated to add new information as necessary.

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Ministerial directive no. 16/2022 : [Delegation Directive under Captive Insurance Companies Act]

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Ministerial directive, pursuant to section 58 of the Captive Insurance Companies Act, delegating certain powers, duties and functions to the Superintendent of Insurance.

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Ministerial directive no. 01/2022 : delegation to the Alberta Insurance Council and to the Accreditation Committee

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This ministerial directive delegates certain powers to the Alberta Insurance Council and the Accreditation Committee, subject to ministerial oversight and approval.

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Ministerial directive no. 02/2022 : insurance intermediaries fees and penalties

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This ministerial directive sets out the fees and penalties associated with the regulation and licensing of insurance professionals.

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Guideline to intervention for Alberta’s property and casualty (P&C) insurers

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Pursuant to section 817 of the Insurance Act, this Guideline is part of an agreement on intervention strategies made between the President of Treasury Board and Minister of Finance and the... More ≫

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Pursuant to section 817 of the Insurance Act, this Guideline is part of an agreement on intervention strategies made between the President of Treasury Board and Minister of Finance and the Property and Casualty Insurance Compensation Corporation (“PACICC”). This Guideline sets out the intervention process, roles and responsibilities and supervisory actions that the Minister’s delegate, the Superintendent of Insurance, and the Superintendent’s office may take, in coordination with the PACICC, to address concerns identified with a provincially incorporated insurance company.

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