What’s New

March is Fraud Prevention Month. RIBO and the Canadian Insurance Services Regulatory Organizations (CISRO) encourage insurance professionals and consumers to take proactive steps to recognize, avoid and report fraud, particularly those targeting the insurance sector....

RIBO’s Take-All-Comers (TAC) report and the Financial Regulatory Authority of Ontario (FSRA)’s TAC review revealed non-compliant practices involving filters found within third party web-based quoting systems/aggregator to screen out certain customer leads. Such filters can be referred to as Unfair and Deceptive Filters (UD Filters)....

On or about December 23, 2024, RIBO was notified of ongoing court proceedings that may impact brokers with dealings with TruStar Underwriting Inc., a RIBO licensee. As TruStar is a Managing General Agent that serves as an intermediary between brokerages and insurers, RIBO promptly issued an alert to all our licensees encouraging them to carefully review any business dealings they may have had with Daniel Moses and/or TruStar.  ...

Équité Association and the Registered Insurance Brokers of Ontario (RIBO) are both committed to protecting Canadians on behalf of the insurance industry. This is why we are collaborating to increase public awareness about the seriousness of insurance fraud and how ghost brokers facilitate that fraud....

Happy New Year! As RIBO’s new Council President, I extend my warmest wishes to all our members and their families for a year filled with health, success, and fulfillment. This is a time for reflection and renewal, and at RIBO, it is also a time to look forward with excitement and determination....

As of January 1, 2025, brokers can no longer request RIBO to count Continuing Education (CE) hours for courses that are not already accredited by RIBO. This provision, previously used by a small number of brokers each year, has been discontinued....

The Level 1 Entry-Level Broker Exam Competency Profile and Blueprint, effective January 1, 2025, marks a significant step forward in setting new standards for RIBO’s examination process. This framework, introduced in October 2023, follows a year of successful piloting of new exam questions throughout 2024....

The Registered Insurance Brokers of Ontario (RIBO) recognizes the transformative potential of Artificial Intelligence (AI) tools within the property and casualty (P&C) insurance sector. AI can enhance efficiency, deliver high-quality service, and provide individualized advice to consumers. However, adopting these tools also present new risks that may impact consumer protection....

The Registered Insurance Brokers of Ontario (RIBO), the Ministry of Finance, and the Financial Services Regulatory Authority of Ontario (FSRA) have been consulting with key industry stakeholders to prepare for upcoming changes in auto insurance that take effect on July 1, 2026....

Registered Insurance Brokers of Ontario (RIBO) CEO Patrick Ballantyne has announced his intention to retire from the role, effective June 30, 2025, after more than 20 years of service with the province’s general insurance regulator. The news was shared by outgoing RIBO Council President Rick Orr during the organization’s recent Annual General Meeting....