The Consumer Awareness Working Group will consider ways to assist consumers in becoming better informed about the products they are purchasing and those from whom they are purchasing the products. The preliminary objectives of the Working Group are to gather data on consumer awareness needs and initiatives, compile a catalogue on these needs and initiatives and make recommendations on what CISRO could do to address any needs identified.
National Insurance Awareness Day:
“Insurance can provide security and protection in the moment we need it most, but many of us don’t think about our policy until that moment strikes.” - Eric Jacob, CISRO Chair
What is it?
June 28 is National Insurance Awareness Day in Canada. On this day, we encourage Canadians to review their insurance policies, and to get in touch with their broker for insurance expertise and advice, to ensure they’re protected when they need it most.
By proclaiming National Insurance Awareness Day, CISRO and its members hope to raise awareness for all Canadians on the importance of being properly insured and highlight insurance professionals as a resource to help navigate an individual’s unique needs.
Ways to participate
We’re inviting the public and industry to get involved in National Insurance Awareness Day.
On June 28, we’re asking Canadians coast to coast to review their insurance policies to ensure they continue to meet their needs. Changes in life and employment circumstances, or the changing value of items or property, can all have an impact on whether an insurance policy offers the right amount of protection for your needs today or in the future.
This National Insurance Awareness Day, take time to review your policy and consider the following:
• Have you recently experienced major life events, like the birth of a new child, a child entering university, the adoption of a new pet, or paying off a mortgage?
• Is your beneficiary information up to date? Is this impacted by any life changes?
• Is a new driver using your car or has the distance you travel with your car changed?
• Changes to your home and possessions. Has there been a change in value, a renovation, accumulation or sale of items since the last policy review?
• Current replacement or rebuilding costs. Has there been any work (e.g., finishing the basement) or economic realities that could lead to an increase in the cost to rebuild or replace your property?
Insurance industry professionals
Join us in getting the message out on and around June 28 to encourage Canadians to take the opportunity to review their insurance policies. To help do this, we’ve provided a number of resources for your use in the section below.
This is also a great time to check in with clients to ensure their insurance needs are being met. By keeping up with the changes in clients’ lives and circumstances, insurance professionals can help ensure Canadians have the protection they need, when they need it.
National Insurance Awareness Day logos are available to download and display in French and English. The logo may be used on your website, social media, or other digital platform to raise awareness about National Insurance Awareness Day.
To promote a unified message about National Insurance Awareness Day across Canada, we’ve included key concepts for use on social media when highlighting your participation.
• Does your insurance policy reflect changes in your life, work and home? Today, on National Insurance Awareness Day, take the time to check.
• This National Insurance Awareness Day, check your insurance policy. Review your coverage today, so you’re protected when you need it most.
• June 28 is National Insurance Awareness Day. We’re calling on Canadians to take the opportunity to ensure they’re properly insured. Review your insurance coverage to make sure it meets your needs.
• Fewer than 5% of Canadians review their insurance coverage when they experience a change in life circumstances. What about you? Today, on National Insurance Awareness Day, take time to check.
You can also use the hashtag #NIAD23 to connect with the campaign.
National Insurance Awareness Day in Canada is supported by the members of the Canadian Insurance Services Regulatory Organizations (CISRO/OCRA), the forum of provincial and territorial regulatory authorities for insurance intermediaries. CISRO members collaborate on initiatives that support a consistent approach to consumer protection through the regulation of insurance intermediaries.