Investor Presentaiton
Ontario auto update
The Ontario government has a mandate
to reduce insurance rates while also
reducing costs for insurers
Cumulative Ontario Auto Rate Decreases
0%
-2%
-4%
-6%
Bill 15 passed
*
Savings from:
PJI
DRS
Towing
6.1%
Update
The Ontario government budget outlines
additional actions to reduce costs which
include:
-
-
Updating the catastrophic impairment
definition
Reducing the standard duration of medical
and rehabilitation benefits to be more in line
with other provinces
Net cost reduction will become apparent as
the measures are defined in regulation
-8%
-10%
-12%
Q2-13
Bill 65 passed
•
Savings from:
•
MIG definition reaffirmed
Heath Care Provider licencing
Q3-13
Q4-13
Q1-14
Q2-14
Q3-14
Q4-14
Industry
-IFC
Source: IFC estimates based on FSCO quarterly rate filings
9.6%
Q1-15
Q2-15
Ontario auto accounts for approximately one
quarter of our direct premiums written
We continued our solid outperformance
versus the industry
We continue to believe we can protect our
margins in Ontario
Intact Financial Corporation
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