IBC Presentation

State of the Industry - Looking Ahead • • Persistent inflation, lingering supply chain issues and a strained labour market are putting pressure on auto claims costs Insurers have seen significant increases in the cost of vehicle repairs and replacement ○ Spending on vehicles and automotive parts increased by over 13% The average price of used vehicles is up 33% New vehicle prices are up 18% * IBC with data from Statistics Canada 2023 CPI, AutoTrader LO

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