Colm Holmes, President and CEO of Aviva Canada, responds to Ontario Minister of Finance Victor Fedeli's delivery of the 2018 Fall Economic Statement

TORONTO, Nov. 15, 2018 /CNW/ - Today, Ontario has committed to modernize insurance, to improve affordability, to reduce regulatory burden, and to foster innovation. Aviva fully supports all these principles.

Auto insurance reform can't happen quickly enough for consumers. At Aviva, we strive to be the customer champion for drivers in Ontario and across Canada, and we advocate for reform of the auto insurance regulatory system as part of that goal.

Regulatory burdens add unnecessary inefficiency to the system and prevent the insurance industry from embracing and implementing consumer friendly innovation quickly. Reforming the regulatory system can drive down costs, increase healthy competition, and accelerate much needed innovation for customers, while providing them choice, transparency and stability.

We look forward to working closely and collaboratively with the Government of Ontario to deliver meaningful change to Ontario drivers, so that we can reward good drivers with the right coverage and the best service at a fair price."

About Aviva Canada
Aviva Canada is one of the leading property and casualty insurance groups in the country, providing home, automobile, leisure/lifestyle and business insurance to 2.8 million customers. A subsidiary of UK-based Aviva plc, Aviva Canada has more than 4,000 employees focused on creating a bright and sustainable future for their customers and communities.

Aviva Canada invests in positive change through the Aviva Community Fund, Canada's longest running online community funding competition. Since its inception in 2009, the Aviva Community Fund has awarded $8.5 million to over 280 charities and community groups nationwide. Aviva Canada, bringing over 300 years of good thinking and insurance solutions to Canadians from coast-to-coast.

For more information, visit aviva.ca or Aviva Canada's blog, Twitter, Facebook and LinkedIn pages.

SOURCE Aviva Canada Inc.