OSFI Drops Peer Review Table from 2026 Property & Casualty Actuary Filings
Canada's federal financial regulator will remove a peer review disclosure table from property and casualty actuary filings beginning in 2026, streamlining reporting requirements for Canadian P&C insurers.
What happened
Canada's Office of the Superintendent of Financial Institutions (OSFI) is removing a peer review table from property and casualty (P&C) insurance actuary filings starting with the 2026 reporting cycle. The change adjusts the structure of the standard actuarial submissions that federally regulated P&C insurers file each year. It represents an administrative trimming of disclosure content rather than a shift in solvency rules.
What it means for consumers
For the average Canadian policyholder, the change is procedural and unlikely to affect day-to-day interactions with an insurer. OSFI's core capital, reserving, and supervisory standards remain in force, so the underlying protections governing how insurers manage policyholder money are unchanged. Consumers shopping for or renewing coverage should continue to compare quotes, deductibles, and coverage limits on the merits, since this filing change does not alter product offerings or claim-handling obligations.
What it means for premiums
No direct premium change has been announced.
Coverage considerations
Coverage terms, exclusions, endorsements, and claims processes are set by individual carriers and are not directly altered by a change in actuarial filing format. Insurers remain bound by the same reserving and capital adequacy requirements that back their ability to pay claims, meaning policyholder financial protection is preserved. Shoppers comparing policies through InsurVibe should still focus on coverage scope, liability limits, deductibles, and endorsements rather than treating this regulatory change as a signal of broader market disruption.