The General Insurance Statistical Agency (GISA) was incorporated as a not-for-profit corporation in June 2005 and appointed, effective April 1, 2006, as the statistical agent for nine participating insurance regulatory authorities across Canada, namely those of Alberta, New Brunswick, Newfoundland & Labrador, the Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island and the Yukon.
GISA was established to improve the governance, accountability and oversight, as well as the reliability and objectivity, of insurance statistical data and financial information in member jurisdictions.
GISA provides a governance, accountability and oversight framework for the mandated statistical data and financial information collected, analysed and reported on behalf of these participating jurisdictions.
As the statistical agent, GISA:
• Promotes the timeliness of statistical data collection, analysis and reporting mechanisms;
• Acts on behalf of the participating insurance regulators to coordinate and harmonize the statistical data filing requirements for
insurers regarding the experience of their business in such jurisdictions; and
• Promotes the quality and value of statistical data generated by licensed insurers.
GISA’s mission is to provide effective oversight of statistical plans and related insurance data, ensuring that timely, reliable, accurate and value-added information is efficiently produced to meet the needs of an evolving insurance marketplace.
GISA’s Strategic Plan describes a vision for the organization into the future, outlining priorities and initiatives to be undertaken over a three-year planning period.
The GISA Secretariat (also called GISA Operations) provides administrative, technical and governance support to the GISA Board and its committees.
GISA’s Secretariat is staffed by a Senior Manager of GISA Operations, a Senior Policy Manager (who serves as Corporate Secretary), a Finance & Governance Lead (who serves as Corporate Treasurer), two Statistical Data Leads, a Business & Technical Process Lead, and an Administrative Coordinator. The Director of GISA Operations serves concurrently as Director of four other secretariats supporting national associations in the financial services sector.