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

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

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

4. Ontario’s Auto Insurance System Ontario Auto Insurance Loss Ratio

5. Ontario’s Auto Insurance System Insurance Investment Returns

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

7. Auto Insurers’ Medical/Rehabilitation Costs $ Millions

8. Ontario’s Auto Insurance System 0 200 400 600 800 1000 1200 1400 1991 19921993199419951996199719981999 2000 20012002 Auto Insurance Tort Costs in Ontario $ Millions

9. 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