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The AIRB conducts an annual review of auto insurance loss experience to establish industry benchmarks for basic and additional coverage for private passenger and commercial vehicles.
The AIRB has completed its 2016 Annual Review process to analyze industry loss experience for PPV to establish industry benchmarks to assess insurance companies’ PPV rate filings for basic and additional coverage, effective October 1, 2016.
The AIRB consulted with interested stakeholders as part of its Annual Review.
The Open Meeting was held in Edmonton at Canadian Western Bank Place, 10303 Jasper Avenue, on August 16, 2016, from 9:00 a.m. to 4:00 p.m.
Appendix A: Oliver Wyman Annual Review Final Report
Appendix B: Private Passenger Vehicle (PPV) Industry Benchmark Schedule (Bulletin 07-2016) – Effective October 1, 2016
Appendix C: Consumer Representative Report
Adjustment to Grid Base Rates for Basic Coverage (Bulletin 05-2016 and Order 01-2016) – Effective January 1, 2017
Bulletin 06-2016: 2016 Annual Review Final Report
Oliver Wyman Actuarial Analysis Preliminary Report
Notice 02-2016: Annual Review of Private Passenger Automobile Insurance Loss Experience
Audio Transcript – August 16, 2016
Oliver Wyman: Preliminary Report – Presentation slides
Facility Association: Written submission – Presentation slides
Insurance Bureau of Canada: Written submission – Presentation slides
Consumer Representative: Survey results – Written Submission – Presentation slides
TD Insurance Group: Written submission – Presentation slides
Co-operators Group Limited: Written submission
Desjardins General Insurance Group: Written submission
Intact Financial Corporation: Written submission
The AIRB has completed its 2016 Annual Review process to analyze industry loss experience for commercial vehicles to establish industry benchmarks used to assess insurance companies’ commercial vehicles rate filings for basic and additional coverage, effective October 1, 2016.
The Board consulted with interested stakeholders as part of its Annual Review.
Oliver Wyman Annual Review Final Report – Commercial Vehicles
Industry Commercial Vehicle (COM) Benchmark Schedule (Bulletin 08-2016) – Effective October 1, 2016
Oliver Wyman Actuarial Analysis Preliminary Report – Commercial Vehicles
Notice 03-2016: Annual Review of Commercial Automobile Insurance Loss Experience