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Superintendent of Insurance : enforcement activities

Description

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 ≫

Description

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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Superintendent of Insurance bulletins and notices [2023 to current]

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The Alberta Superintendent of Insurance regulates, in part, the insurance business in Alberta under the Insurance Act. Bulletins and notices are mostly directed to insurance companies licensed to... More ≫

Description

The Alberta Superintendent of Insurance regulates, in part, the insurance business in Alberta under the Insurance Act. Bulletins and notices are mostly directed to insurance companies licensed to operate in Alberta. bit will also be of interest to health care practitioners. This record contains bulletins and notices for 2023 forward. See the Related tab for earlier resources. For other information on insurance, visit http://insurance.alberta.ca.

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Guideline 02-2025 - Automobile insurance rating and underwriting controls and sound practices guideline (Guideline)

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This guideline provides sound practices for insurer operations, controls, and governance with respect to automobile insurance rating (“rating OCG”).

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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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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 : supervisory framework [2024]

Description

The supervisory framework sets out the principles, concepts, and core processes that the Superintendent of Insurance uses to guide the supervision of insurance companies and captive insurance companies. More ≫

Description

The supervisory framework sets out the principles, concepts, and core processes that the Superintendent of Insurance uses to guide the supervision of insurance companies and captive insurance companies.

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Automobile insurance changes consultations : a report to the Government of Alberta

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As part of government's in-depth review of Alberta’s automobile insurance system, an online engagement survey was launched to gather opinions from Albertans on the auto insurance industry. This... More ≫

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As part of government's in-depth review of Alberta’s automobile insurance system, an online engagement survey was launched to gather opinions from Albertans on the auto insurance industry. This survey targeted residents of Alberta and asked them for their opinions on proposed principles for automobile insurance reform to inform decision makers. Findings of the public engagement survey helped inform new provincial legislation to reform automobile insurance in the province.

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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

Description

Contains an executive summary and the full reports of two separate but complementary reports commissioned by Treasury Board and Finance to guide long-term automobile insurance reforms. Oliver... More ≫

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Contains an executive summary and the full reports of two separate but complementary reports commissioned by Treasury Board and Finance to guide long-term automobile insurance reforms. Oliver Wyman's report provides insights into the financial implications of reform options, while 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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Guideline 02-2024 - Wildfire (and other threat) insurance moratoria guideline

Description

Provides guidance on the provision of property and automobile insurance when property and automobiles are exposed to an elevated environmental threat.

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