Équité Association’s 2024 Annual Report explores a year marked by strategic achievements, technological advancements, and an unwavering commitment to protecting Canadians from insurance crime. Ranging from record-breaking recoveries to contributing expertise leading to over $200 million in government investments to combat auto theft, 2024 solidified Équité's position as the national authority on insurance crime and fraud prevention. This report not only highlights Équité’s tangible successes but also underscores the collaborative efforts that are critical to our collective impact.

2024 Success Spotlight: Strategic Priorities in Action

• Delivering Member Value: In 2024, we generated over $153 million in direct member value through initiatives spanning auto and commercial cargo theft recoveries, Investigation Coordination and Support Services (ICSS), and sophisticated fraud data analytics.
• Expanding ÉQ Insights: The ÉQ Insights platform saw significant growth, welcoming new industry leaders. We introduced advanced features like Alerts and Network Analysis, leveraging enriched industry data and analytics to enhance fraud detection.
• Driving National Advocacy: Équité effectively represented the P&C insurance industry at the National Summit on Combatting Auto Theft and provided key testimony before the House of Commons. Our expertise was widely recognized, with the subsequent National Action Plan on Combatting Auto Theft closely aligning with our recommendations.

Expanding ÉQ Insights: Advanced Analytics for Proactive Fraud Detection

In 2024, ÉQ Insights underwent significant expansion, integrating new members and bolstering its analytical power. This continued evolution of the platform is enhancing our ability to proactively identify suspicious activities, enabling more effective investigations and fostering the development of sophisticated fraud behaviour profiles, risk scenarios, and countermeasures.

Significant Recoveries at the Ports: Another Record-Breaking Year

Our collaborative efforts with Canada Border Services Agency, Montréal Police, Saint John Police, and Halifax Regional Police yielded exceptional results at Canadian ports last year. We recovered over 1,900 stolen vehicles, an 11% increase from 2023, with an approximate value of $87 million.

Driving National Action on Auto Theft

Équité's technical expertise and strategic contributions were highly valued at the National Summit on Combatting Auto Theft, receiving overwhelming positive feedback, particularly from Public Safety Canada. The Summit proved to be a pivotal platform for shaping action plans, federal investments, and initiatives to address auto theft. Équité effectively reinforced the urgent need for robust measures against organized vehicle crime, ensuring our members' priorities were central in our testimony and ongoing consultations with Public Safety Canada and Transport Canada. These trusted relationships directly supported key industry recommendations adopted in the National Action Plan on Combatting Auto Theft.

As we reflect on the significant strides made in 2024, Équité remains steadfast in our commitment to combat insurance fraud and protect Canadians. Our continued success is a testament to the dedication of our team, the strength of our members and partnerships, and the trust placed in us by the P&C insurance industry. We look forward to building on this momentum in the years to come, further strengthening our collective defense against insurance crime.

For a comprehensive overview of our impact, read our 2024 Annual Report.

‍