In 2011, the Ontario government acknowledged the seriousness of auto insurance fraud by appointing an Auto Insurance Anti-Fraud Task Force to study the impact of the problem and make recommendations.
The Anti-Fraud Task Force submitted its final report to the Minister of Finance in November, 2012. It identified the significant role that fraud plays in the auto insurance system, with the result being higher premiums for drivers.
The Anti-Fraud Task Force identified three types of fraud: organized, premeditated and opportunistic. Included in its recommendations, the Task Force report said: “…insurers should move aggressively to establish an organization that would pool and analyze claims data in order to identify potential cases of organized and premeditated fraud…”
In a 2014 Mandate Letter to the Minister of Finance, the Ontario Premier reiterated the government’s commitment to reduce auto insurance rates by “driving the necessary regulatory reforms and fraud prevention measures."
CANATICS fights fraud
CANATICS was created by the Canadian Auto Insurance industry to help achieve this commitment to preventing fraud
CANATICS – Fraud Detection through Data Analytics
CANATICS – Commitment to Privacy & Security