Registration - Consultant

Subject Matters

• Climate
• Constitutional Issues
• Energy
• Environment
• Financial Institutions
• Health
• Industry
• Infrastructure
• International Development
• International Relations
• International Trade
• Municipalities
• Privacy and Access to Information
• Small Business
• Taxation and Finance
• Telecommunications
• Transportation

Subject Matter Details

Legislative Proposal, Bill or Resolution

• Formerly known as Bill C-29, An Act to amend the Personal Information Protection and Electronic Documents Act PIPEDA. Issues of interest are breach notification, litigation privileges, witness statements, definition of work product, investigative bodies, and consent on behalf of family member.

Legislative Proposal, Bill or Resolution, Regulation

• Financial sector policy and regulatory changes pursuant to the renegotiations of the North American Free Trade Agreement

Policies or Program

• Climate Change Adaptation -- national infrastructure and natural disaster mitigation strategy; (Natural Resources Canada, Infrastructure Canada, Transport Canada), with respect to the development of a risk assessment tool by Natural Resources Canada to help municipalities determine infrastructure that may be at risk due to age or inadequate size; with respect to the Infrastructure Stimulus Fund, requesting that attention be given to sewer and waste water renewal projects to help Canadian homes, businesses and communities adapt to climate change. This will assist Canadian insurers by providing a more stable claims environment on the issues of natural disasters in general, and water losses in particular.
• Flood issues - mapping, municipal risk assessment tool (MRAT)
• Interpretation of private sector earthquake models; Office of the Superintendent of Financial Institutions (OSFI), with regard to revising OSFI Guideline B9. These models are designed to assist insurers in preparing for an earthquake in a major Canadian urban centre.
• National Coordination of provincial stolen and wrecked vehicle programs. (Transport Canada), with regard to allowing the exchange of information in order to prevent the fraudulent "re-VINing" of vehicles. This refers to the practice of changing the Vehicle Information Number (VIN) on a stolen or wrecked vehicle, thus facilitating its fraudulent re-sale.
• Office of the Superintendent of Financial Institutions (OSFI) Guideline E6, OSFI Corporate Governance guideline
• Ports projects regarding staff at all major Canadian ports to identify containers for inspection to recover stolen vehicles meant for export; (Public Safety Canada, Canada Border Services Agency)
• Raise awareness of the necessity for the federal government to be better prepared in the event of a major earthquake

Policies or Program, Regulation

• Changes to the Minimum Capital Test (MCT) and solvency regulations. (OSFI) An Advisory Committee has been formed composed of OSFI, Provincial regulators, the Property and Casualty Insurance Compensation Corporation (PACICC), the Canadian Institute of Actuaries, and Insurance Bureau of Canada. This Advisory Committee is providing recommendations to OSFI.
• Office of the Superintendent of Financial Institutions (OSFI), with respect to changes to the Minimum Capital Test (MCT) and solvency regulations. An Advisory Committee has been formed composed of OSFI, Provincial regulators, the Property and Casualty Insurance Compensation Corporation (PACICC), the Canadian Institute of Actuaries, and Insurance Bureau of Canada. This Advisory Committee is providing recommendations to OSFI, with the goal of allowing companies to use internal capital models for solvency risk by 2014-15.

Regulation

• Discussions on Canadian Aviation Regulations concerning unmanned aircraft systems (UAS)
• Office of the Superintendent of Financial Institutions (OSFI), with respect to implications of International Financial Reporting Standards (IFRS) adoption on Canada's solvency regime. All federally regulated entities (FREs) are required by OSFI to implement IFRSs for their fiscal year commencing in 2011. (OSFI Draft Advisory issued October 2009.) IBC will be consulting with OSFI on their requirements for the implementation of IFRSs for federally regulated financial services institutions, which includes property and casualty insurance companies.
• Participation in government consultations with Transport Canada regarding insurance requirements for UAS
• Regulation of Low Speed Vehicles (Transport Canada), with respect to ensuring that Canadian Safety Standards are applied to all low speed vehicles before approving these vehicles to operate in mixed traffic.

Communication Techniques

• Written communication
• Oral communication

Government Institutions

• Bank of Canada
• Canada Revenue Agency (CRA)
• Competition Tribunal (CT)
• Environment and Climate Change Canada (ECCC)
• Finance Canada (FIN)
• Financial Consumer Agency of Canada (FCAC)
• Global Affairs Canada (GAC)
• House of Commons
• Innovation, Science and Economic Development Canada (ISED)
• Justice Canada (JC)
• National Research Council (NRC)
• Natural Resources Canada (NRCan)
• Office of the Information Commissioner of Canada (OIC)
• Office of the Privacy Commissioner of Canada (OPC)
• Office of the Superintendent of Financial Institutions Canada (OSFI)
• Prime Minister's Office (PMO)
• Privy Council Office (PCO)
• Senate of Canada
• Statistics Canada (StatCan)
• Transport Canada (TC)
• Treasury Board Of Canada Secretariat (TBS)

Address:
777 Bay Street, Suite 2400
P.O. Box 121
Toronto, ON  M5G 2C8
Canada

Telephone number: 416-362-2031

Client representative

Craig Stewart, Vice President Federal Affairs

Parent Company Information

Insurance Bureau of Canada / Bureau D'Assurance du Canada is not a subsidiary of any other parent companies.