Keyword
Auto Fund
Why this auto insurer is proposing a ‘rate rebalance’
June 2, 2021 by Jason ContantPublic auto insurer Saskatchewan Government Insurance (SGI) is proposing a “rate rebalancing” that will result in a net 0% overall change for provincial Auto Fund rates, effective next January. Reflecting current frequency and severity trends, and in an effort to…
Alternate dispute resolution, tripling accident benefits among potential solutions for B.C. auto insurance: EY
July 26, 2017 by Canadian UnderwriterThe process of suing for compensation for motor vehicle accidents “could be made far more efficient” in British Columbia, whose monopoly auto insurer’s basic accident benefits are “low compared to modern medical and rehabilitation costs” in care-based auto insurance schemes…
Loss ratio deteriorates 6.1 points for Saskatchewan Auto Fund
July 20, 2017 by Canadian UnderwriterSaskatchewan’s Auto Fund reported Thursday a loss ratio of 86.5% for the year ending March 31, 2017, up 6.1 points from 80.4% during the same period a year earlier, while the head of Saskatchewan Government Insurance suggested that with the…
‘No active deals on the table’ to sell minority interest in SGI Canada
May 7, 2017 by Canadian UnderwriterSaskatchewan has a new law allowing for the sale of up to 49% of crown corporations, but the provincial government will continue to have a monopoly on compulsory auto insurance, a spokesperson for Saskatchewan Government Insurance told Canadian Underwriter Friday.…
Saskatchewan Government Insurance to focus on vulnerable road users in April
March 31, 2017 by Canadian UnderwriterSaskatchewan Government Insurance (SGI) and law enforcement will be focusing on vulnerable road users throughout the month of April. SGI, the province’s self-sustaining, compulsory auto insurance program, said in a press release on Friday that the focus will include dangerous…
Non-standard auto insurer Echelon completes sale of European operations
March 8, 2017 by Canadian UnderwriterEchelon Financial Holdings Inc. announced Tuesday it has completed the sale of its European operations, which provide non-standard auto through Danish insurer Qudos Insurance A/S. At current exchange rates, Mississauga, Ont.-based Echelon will receive about $5.1 million on closing “and…
SGI Canada reports underwriting income of $42 million for 15 months ending March 31
July 19, 2016 by Canadian UnderwriterSaskatchewan Government Insurance announced Monday that the province’s Auto Fund had an underwriting loss of $11.1 million for the 15 months ending March 31, 2016, while SGI Canada, the competitive arm of SGI, had underwriting income of $42 million during…