Ontario’s Auto Insurance System A presentation to Ontario Conference of Casualty Actuaries Mark Yakabuski, VP Ontario, IBC November 27, 2003

Ontario’s Auto Insurance System $ Millions Net Income - Ontario Auto Insurance Industry

Ontario’s Auto Insurance System Facility Association, Ontario Assessment $ Millions

Ontario’s Auto Insurance System Ontario Auto Insurance Loss Ratio

Ontario’s Auto Insurance System Insurance Investment Returns

Change between 1997 and 2002 Ontario Ontario’s Auto Insurance System

Auto Insurers’ Medical/Rehabilitation Costs $ Millions

Ontario’s Auto Insurance System Auto Insurance Tort Costs in Ontario $ Millions

Ontario’s Auto Insurance System Liberal government has reiterated its 10% average rate reduction target Bill 198 and related regs does not achieve this target Escalating med/rehab and torts cost continue while the government decides how to control these pressures Significant additional loss cost reductions will be necessary to meet the 10% target It will be a challenge to have measures in place by January 23rd