Actuarial Costing Doesn’t Back Promised Savings
Mar. 27, 2026 – The final report of Oliver Wyman (Care-First Actuarial Costing) has been released. Mr. Wyman’s costing does not demonstrate that the proposed system, which eliminates legal rights, will deliver the promised savings.
The Alberta Civil Trial Lawyers Association issued a statement calling on the Alberta Insurance Rate Board and the Government of Alberta to pause implementation of Care-First (No Fault) due to the many uncertainties.
“While Oliver Wyman’s final report makes several important adjustments to its earlier analysis, ACTLA says those changes confirm that the original estimates understated key risks rather than resolving them. Comments submitted to the government by insurers and the Insurance Bureau of Canada similarly acknowledge substantial uncertainty in the actuarial assumptions being used. Despite those acknowledgements, the report continues to rely on optimistic assumptions about how disputes will be handled in a new, untested private benefits system.”
“The revisions show that stakeholder concerns were well‑founded,” said Laura Comfort, Chair of ACTLA. “But the bigger issue remains unanswered: whether the premium benchmark actually reflects the real cost of delivering care, resolving disputes, and ensuring injured Albertans can access what they’re entitled to.”