ICBC Resource Centre: Facts, Stats & Analysis

Information is key to good public policy. But when it comes to statistics and data, ICBC’s website is to say the least sparse in this area and quite out of date.

The latest crash statistics posted to its website site are for 2013. And as new data is posted, it seems earlier data disappears.

With the announced 4.9 per cent hike in ICBC premiums, IntegrityBC set out to find that data and to make as much of it as possible readily available.


NEW: Distracted driving graphs and stats package 1996 to 2014


2006 News Releases


2007 News Releases



2002 brochure on BC government Core Review of ICBC



Executive Compensation at ICBC

2007 ICBC Executive Compensation

2008 ICBC Executive Compensation

2009 ICBC Executive Compensation

2010 ICBC Executive Compensation

2011 ICBC Executive Compensation

2012 ICBC Executive Compensation

2013 ICBC Executive Compensation

2014 ICBC Executive Compensation

2015 ICBC Executive Compensation


Statements and Schedules of Financial Information 2009 to 2015

Statements and Schedules of Financial Information 2009

Statements and Schedules of Financial Information 2010

Statements and Schedules of Financial Information 2011

Statements and Schedules of Financial Information 2012

Statements and Schedules of Financial Information 2013

Statements and Schedules of Financial Information 2014

Statements and Schedules of Financial Information 2015


Read how ICBC defended rate increases for 2003

ICBC 2003 Rate Changes


ICBC Quick Statistics for the Media with data for 2006 to 2014

They’re no longer all on ICBC’s website, but you’ll find them here


ICBC Traffic Collision Statistics: Police-attended Injury and Fatal Collisions (1995 to 2007)

They’re no longer on ICBC’s website, but you’ll find them here

Please contact IntegrityBC at if the links are broken or break for PDF copies.


Canadian Motor Vehicle Traffic Collision Statistics (2004 to 2014)


National Collision Database Online


Sales of fuel used for road motor vehicles, by province and territory 

(Alberta, British Columbia, Yukon, Northwest Territories, Nunavut)

ICBC analysis by Richard C. McCandless

Richard C. McCandless is a retired senior BC government public servant who’s paper on the 40-year financial history of ICBC was published by BC Studies in 2013.

The same academic journal will be publishing his paper describing the BC government’s manipulation of the finances of BC Hydro from 2008 to 2014 in the fall. He has been an intervener in the BC Utilities Commission’s 2014 and 2015 reviews of ICBC’s rate requests.


UPDATED: The implications of ICBC’s 2016 rate changes on its capital reserves (September 6, 2016)

The different accident and policy years adds a level of complexity for ICBC to translate the calendar year to the policy year, and creating a third period as the fiscal year complicates comparisons all the more.

The BC Utilities Commission has allowed ICBC to present its justification for the Basic rate changes without a detailed fiscal year comparison, not does ICBC forecast multi-year impacts of the annual changes, as ICBC does in its annual service plan at the corporate level.


ICBC’S declining capital reserve levels

Most developed countries require banks, insurance companies and pension funds to maintain sufficient capital reserves to meet their obligations. In Canada, federally regulated financial companies must meet the capital reserve target established by the Office of the Superintendent of Financial Institutions (OFSI).


ICBC facing severe financial pressure

In late May 2016 the government released ICBC’s annual report for the 2015 fiscal year. The report was made public without a media release shortly after the Legislature completed the spring 2016 sitting, and confirmed that ICBC suffered a $257 million loss of net income in the compulsory Basic program compared to the prior year.


The recent growth in ICBC claims costs

In the last five years ICBC’s total expenditures have increased by approximately $1.3 billion, or 33%. Expenditures in the compulsory Basic program have risen by $1.0 billion (up 42%) while those for the Optional program are up by $280 million (19%).


The ‘greying’ of ICBC’s policyholders

In 2014, ICBC sold approximately 2.8 million Basic insurance policies (net premiums written) for personal use. This was an increase of 160,000, or 6.1%, over the sales for 2010. This paper reviews the policies sold by four age groupings to identify trends and potential issues that may affect the future price of Basic insurance policies.


The implications of ICBC’s 2016 rate changes on its capital reserves

On 25 August 2016 the Honourable Todd Stone and ICBC president Mark Boucher announced a proposed 4.9% increase in Basic insurance rates, and a 2.8% increase in Optional insurance rates, effective 1 November 2016. The Basic increase will now be subject to the approval of the BC Utilities Commission, which can only approve an increase in the 4.0% to 7.0% range.


Accounting rules over-state government revenue on actual cash basis

by Richard McCandless

Canadian public sector modified accrual accounting rules state that all of the net income (profit or loss) of self-supporting Crown corporations is to be included in the provincial consolidated revenue fund. However, as the actual cash transfer from BC Hydro and ICBC is usually significantly lower than the net income, the national accounting rules overstate the government’s revenue on a cash basis.


Rate suppression and capital destruction: ICBC rate shock lurking

by Richard McCandless

In 2012 the provincial government was becoming alarmed at the future rate implications of the rising electricity costs at BC Hydro, and growing claims costs of the compulsory automobile insurance provided by ICBC. When the BC Utilities Commission (BCUC) appeared to be ready to raise electricity rates higher than the government desired, cabinet ordered it to approve rate increases for 2012 and 2013 at levels well below the growth in costs.


Preliminary impressions of ICBC’s 23 November 2016 five-year forecast

by Richard McCandless

ICBC presented a form of status quo forecast (tables 1 and 2) for the policy years (PY) 2016 to 2020, with 2016 being that filed for the PY2016 rate proposal. Two more favourable forecasts (tables 3 and 4) assume a significant decline in the rate of growth of claims costs and other positive changes. 

Provincial health officer releases motor vehicle crash report

Provincial Health Officer Dr. Perry Kendall’s March 2016 report that examines road safety in British Columbia.

“Where the Rubber Meets the Road: Reducing the Impact of Motor Vehicle Crashes on Health and Well-being in BC” was developed using a wide variety of sources using the most current data available.

It found that in British Columbia in 2011, more than 432,000 people were involved in a motor vehicle crash, resulting in 292 fatalities and 3,038 serious injuries. In 2012, the province’s rate for serious injuries (444.5 per 100,000 population) was slightly lower than the Canadian average (475.3 per 100,000).

In the same year, British Columbia’s rate for motor vehicle fatalities (6.2 per 100,000 population) was the fourth lowest in Canada and just slightly higher than the Canadian average (6.0 per 100,000); however, British Columbia’s rate is still more than double the rate of the world’s best performers.

Statement from Minister of Transportation and Infrastructure Todd Stone on ICBC’s 2016 rate application

Transportation and Infrastructure Minister Todd Stone issued the following statement on the Insurance Corporation of British Columbia (ICBC) submission to the British Columbia Utilities Commission (BCUC) for next year’s rate:

“The B.C. government wants to ensure that ICBC insurance rates remain as affordable as possible for British Columbians and as such, the Ministry of Transportation and Infrastructure has worked closely with ICBC to explore every possible avenue to make sure this happens.

“The reality is that ICBC continues to face mounting costs as a result of the frequency, complexity, and severity of bodily injury claims, in addition to higher vehicle repair costs. In fact, the number of crashes in B.C. jumped from 260,000 in 2013 to 300,000 last year. Added to this, vehicles are more expensive to repair than ever before – vehicle damage costs totalled $1.36 billion in 2015 alone, up 17% from 2014. And injury claims topped $2 billion for the first time in 2014 and reached $2.4 billion last year.


Government getting out of the business of insuring high-end luxury cars

Government is moving forward to no longer insure the high-end luxury car rate class (cars worth $150,000 and over) so that the broader ratepayer is not subsidizing these cars. The owners of these cars will have to go to private insurance instead, Minister of Transportation and Infrastructure Todd Stone announced today.