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Matthew Turack - CAA Club Group. Thornhill, ON, CA

Matthew Turack Matthew Turack

Group President, CAA Insurance | CAA Club Group

Thornhill, ON, CANADA

Matthew Turack is an executive insurance leader with over 18 years of experience






Matthew Turack, CAA Insurance Companies President loading image loading image loading image





Matthew is a dynamic, team-oriented, and innovative President who possesses excellent interpersonal, analytic, and project management skills. Over Matthew’s 18 years of insurance experience, he has successfully lead teams of underwriters, actuaries, claims, and sales/service professionals in product design, rate making and the development of risk models.

Matthew has been honoured to speak at many insurance industry events about the organization’s success and experiences in implementing industry-leading technologies.

Matthew holds a Bachelor in Business Management degree; completed the Business Design Program at the Rotman School of Business, and is a Chartered Insurance Operations Professional. He is also currently completing his Certified Accountant designation. On a personal note, Matthew is a devoted husband and father of two girls, and is also an avid golfer.

Industry Expertise (3)


Business Services

Corporate Leadership

Areas of Expertise (4)


Strategic Planning

Travel Insurance

Property & Casualty Insurance

Education (1)

Rotman School of Business: Business Design, Business

Media Appearances (21)

CAA Insurance, CAA Club Group of Companies launch wellness app for brokers

Insurance Business Magazine  online


“The last few years have highlighted the importance of wellness at home and in the workplace,” said CAA Insurance president Matthew Turack. “The launch of the Jaunt Wellness App is CAA’s commitment to supporting the overall health and wellbeing of our Brokers by providing them with a holistic approach to health and wellness.”

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Canadians thinking differently about their auto insurance

Insurance Business Magazine  online


“MyPace was perfect for the pandemic,” said Matthew Turack (pictured), president of CAA Club Group. “It has helped people save money because they are driving less. We’ve seen the average driving [range] during the pandemic at around the 3,000km mark for people enrolled in the MyPace program […] and people are saving 50-60% on their premiums. [Claim/loss] frequency for us is a lot lower [in MyPace] than any other program we have – it’s about 1.7%. So, the consumers who are enrolled in the program, the probability of them getting into a loss is very low, and therefore we can reflect that back in the rate we charge.”

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What’s driving the popularity of pay-as-you-go auto insurance

Canadian Underwriter  online


CAA president Matthew Turack believes his company’s MyPace product, in which insurance coverage is based on distance driven, shows that customers want to go beyond standard auto policies because they all have different needs. When presented with an opportunity to buy a product that better suits their particular needs, clients will jump at the chance to take advantage. “It tells me that people have a variety of different life stages and different usages for their car,” he told Canadian Underwriter. “It tells me that you could drive one car for longer distances and the other car you drive very short distances, or it’s sitting in your garage or driveway. Some people just use their cars to go for groceries or short visits to families. Other people have more than one car and one of them is their ‘joy car’ that they take out on the weekends. The other one is what they drive more for the commute back and forth to work.”

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Ontarians race to pay-as-you-drive auto insurance

CTV Toronto  tv


Many drivers have been frustrated with the rising cost of car insurance especially during the pandemic when many people are driving less. President of CAA Insurance, Matthew Turack spoke to CTV Toronto's consumer affairs reporter Pat Foran about CAA MyPace, Canada's first pay-as-you-go auto insurance.

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Executive Outlook 2021: Matthew Turack, CAA Club Group

Canadian Underwriter  online


Over the course of 2020, we have seen a fundamental shift in daily habits. Many of our existing office jobs have transitioned to at-home workspaces in the short term. Having P&C products and at-home services that cater to the new reality will drive change. Matthew Turack weighs in on what is in store for P&C Insurance in 2021.

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Pay-as-you-go auto insurance coming to Ontario this summer

Insurance Business Magazine  online


“We are now entering a new chapter at CAA Insurance. We believe that insurance should be designed based on individual lifestyles and stages of people’s lives,” said Matthew Turack, CAA president, during the press conference. “People should be able to get the insurance when they need it and at the price that works for them.”

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CAA unveils 'pay as you go' insurance

CTV Northern Ontario  online


The Canadian Automobile Association is launching a new policy that allows you to pay for insurance based on mileage.

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New Telematics Product For Infrequent Drivers

Canadian Underwriter  print


Clients who select MyPace "will start with a base rate and be charged in 1,000 kilometre increments", CAA Insurance president Matthew Turack said during a press conference.

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CAA MyPace Now Available In Ontario

Canadian Auto World  online


“CAA MyPace has been generating a great deal of interest in the market, and we’re excited to offer this new program to Ontario drivers,” said Matthew Turack, president, CAA Insurance Company.

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Pay-as-you-go Auto Insurance

CI Top Broker  online


Matthew Turack explains how CAA Insurance’s new product for low-mileage drivers works.

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CAA considers launching pay-as-you-go auto insurance in PEI

Insurance Business Magazine  online


“We’re going to work with each one of them individually taking the experiences we have gotten from Ontario… and really look at what is the right fit for each individual province,” Turack said.

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Pay-as-you-go car insurance could be possible for P.E.I. drivers

CBC PEI  online


"We're going to work with each one of them individually taking the experiences we have gotten from Ontario … and really look at what is the right fit for each individual province," he said.

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Winter tires cut auto insurance claims frequency: CAA

Canadian Underwriter  online


“Claims are reduced when people have winter tires on their cars, especially driving in climates like we have in Ontario,” CAA Insurance president Matthew Turak said Wednesday during a press conference at Toronto Union Station.

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CAA introduces pay-per-mile insurance for Ontario drivers

CI Top Broker  online


“People should be able to access the insurance they need, when they need it at a price and payment schedule that works for them,” CAA Insurance president Matthew Turack said in a news release. “CAA MyPace brings Ontario motorists one step closer to that reality.”

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Broker training underway for new distance-based auto insurance

Canadian Underwriter  online


“FSCO mandates that we do not reflect the cost related to the device or the billing of the program back to the consumers,” Turak said Wednesday during the launch of MyPace. “None of our costs that the consumer would pay includes any aspect of that it is completely absorbed by us.”

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'Pay as you go' auto insurance rolls out in Ontario

The Toronto Star  


“We believe that insurance options should be designed based on individual lifestyles and the various stages of people’s lives,” CAA Insurance president Matthew Turack said Wednesday at Toronto’s Union Station. “People should be able to access the insurance they need, when they need it, at a price and payment schedule that works for them.”

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CAA unveils pay-as-you-go car insurance

CP24  online


CAA MyPace Interview

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Willis Towers Watson announces CAA Insurance now offering real-time upload of auto and property insurance through BrovadaOne platform

Willis Towers Watson  


"Brovada One streamlines the insurance buying process and allows us to deliver on our promise of service excellence," said Matthew Turack, Division President, CAA Insurance. “We wanted to provide our broker channel with a platform that made it easy to do business with us and demonstrate our commitment to support positive growth through brokers.”

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CAA Insurance expands strategic relationships in broker market with appointment of 17 brokerages

Canadian Underwriter  


CAA Insurance Company announced on Thursday that it has appointed 17 “well-known and experienced brokerage firms across Ontario” to provide its customers with more choice. Strive for progress not perfection“The decision to enter the broker market was a simple one,” said Matthew Turack, president of CAA Insurance Company said in a press release. “What distinguishes our unique approach from other insurers is our ability to offer one rate whether customers buy direct or through a broker.”

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CAA Insurance Enhances Digital Customer Experience with Guidewire Systems

Insurance Innovation Reporter  


“Our positive experiences with the innovation and quality of InsuranceSuite were important factors in our selection of Quote and Buy Portal and Account Management Portal for Policyholders,” says Matthew Turack, division president, Insurance, CAA South Central Ontario. “We are excited about the added functionality we will be able to offer to our policyholders, which builds on the brand and reputation we’ve established in the Canadian P&C industry.”

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CAA to offer coverage for high net worth Canadians

Insurance Business Magazine  online


The Canadian Automobile Association, representing more than six million members across Canada, has announced that it will now offer a tailored insurance solution for high net worth clients called CAA Distinct.

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