FSRA forms technical advisory committee for non-auto P&C sector

FSRA forms technical advisory committee for non-auto P&C sector | Insurance Business Canada

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The committee is slated to convene in early 2024

Insurance News

By
Mika Pangilinan

FSRA, Ontario’s financial services regulatory authority, has established a technical advisory committee dedicated to the non-auto property and casualty (P&C) insurance sector.

The new committee was formed to provide advice, input, and feedback on supervision priorities and key risk areas within the sector.

The committee will also support FSRA’s broader objective of enhancing supervision and staying informed about sector trends and risks, FSRA said.

Beata Morris, FSRA’s director of market conduct for P&C insurance, described the move as an opportunity to engage with industry professionals to understand critical sector issues and strategically allocate supervision efforts.

Listed below are the appointed members of FSRA’s new technical committee. The members were selected based on their experience and qualifications following a public call for applications.

Paul Wilson
Pam Marson
Marco Gorgonio
Susan Penwarden
Terry Dodsworth
Stacey Fobear
Marcia Mowatt
Obaid Rahman
Karen Ritchie
Sarah Scott
Elliott Silverstein
Colin Simpson
Evan Stubbings
Steve Masnyk

The committee is slated to convene in early 2024. FSRA said updates will be provided regarding its progress.

Commenting further on the committee’s formation, Morris highlighted FSRA’s remit to protect the “rights and interests of consumers and said the move promotes “high standards of business conduct and public confidence in the P&C sector.”

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