This Request for Proposals (the “RFP”) is an invitation by Financial Services Regulatory Authority of Ontario (“FSRA”) to prospective proponents to submit proposals for FSRA2022-059 Consumer Data, as further described in Section A of the RFP Particulars (Appendix D) (the “Deliverables”).
FSRA is a regulatory agency of the Ontario government. It was launched in 2019 to regulate certain public sector industries, thereby enhancing public confidence in these sectors. FSRA has responsibility for regulating property and casualty insurance (including auto insurance); life and health insurance; credit unions and caisses populaires; loan and trust companies; mortgage brokers; health service providers (related to auto insurance); and pension plans.
FSRA’s vision is financial safety, fairness, and choice for Ontarians. Its mission is public service through dynamic, principles-based and outcomes-focused regulation. FSRA’s values are based on honesty, impact, credibility, empathy, collaboration, and empowerment.
FSRA will procure consumer data that includes demographic, psychographic, automotive, finance & wealth, insurance spending & behavior.
The data will be used by the Auto/Insurance Products Team for research and analytical purposes.
The data can be accessed through the transfer of raw data/flat files or via a software platform with named-user identification system.
The data provider will be required to make appropriate modifications to the data sets so that FSRA can conduct business analysis. FSRA and the data provider will work together to sample and test the data for completeness, accuracy, and compatibility.
