Competitive market best positioned to deliver improved affordability for drivers
EDMONTON, AB, April 26, 2024 /CNW/ – Today, the Alberta government announced a consultation on auto insurance system reform, releasing two reports that examine potential options. The reports are from consulting firms Oliver Wyman (OW) and Nous Group. Following the release of the reports, Aaron Sutherland, Vice-President, Pacific and Western, Insurance Bureau of Canada (IBC), issued the following statement:
“Alberta’s private auto insurers are ready to work with the government to deliver change that improves the affordability of auto insurance and the quality of care provided to those injured in a collision. With significant cost pressures continuing to mount, there are important decisions that need to be made to ensure the sustainability of the auto insurance market moving forward.
The reports released…
