Lessors
Reporting services
To support the new leased vehicle framework and lessors, ICBC has entered into an exclusive agreement with CGI. ICBC provides leased vehicle insurance coverage information to CGI, and they in turn provide an updated report to subscribed lessors, every two weeks. In this report, subscribed lessors will be able to view all of their vehicles that have ICBC coverage.
This exclusivity agreement means that on and after January 6, 2025, regardless of policy effective date, lessors will need to contact the lessee directly to confirm vehicle coverage or confirm coverage on vehicles they own through CGI. Lessors can also choose to add a broker agency as a user on their CGI account to run a report from CGI on the lessor’s behalf.
Lessors are also being advised of these changes via the ICBC business partners page. CGI encourages lessors to sign up for services early to ensure they are able to monitor coverage on their vehicles in the new year.
For more information on CGI and the services they provide, please view a recording of one of our industry webinars. You can also contact CGI directly at [email protected].
If you'd like to register for reporting services with CGI, you can get started at their registration site.