General Insurance Statistical Agency

Automobile Statistical Plan (ASP)


Every insurer that writes automobile insurance in the following jurisdictions is required to report its data in accordance with the ASP Manual: Alberta, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, Yukon, Nunavut and the Northwest Territories.

Statistical data captured through the ASP is used by both industry and government. Statistical data, which is captured on an accident year basis, matches premiums and claims costs based on the year that the accident occurred, to provide a more accurate picture of experience to estimate future costs and is used in the process of determinĀ­ing rates. As certain types of claims, such as claims for third party liability or accident benefits take a long time to settle, insurers must revise estimates of claims liabilities on a regular basis. Claims costs in any financial period reflect claims payments made and adjustments to claims liabilities in the financial period, for accidents that occurred in the current and prior years. Therefore, typical accounting statements information does not provide the proper basis for estimating costs for determining rates. As statistical data is available at a fine level of detail there can be greater understanding of the automobile insurance product. For example, information on both the cost of claims and the number of claims is available from the ASP, as well as information based on the use of vehicle (e.g., private passenger or commercial) or by classification elements. Also, by having data available at an industry-wide level, there is a broader statistical basis on which to make estimations of costs.