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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 2015 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, 2015.
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 18, 2015, 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 05-2015) – Effective October 1, 2015
Appendix C: Consumer Representative Report
Adjustment to Grid Base Rates for Basic Coverage (Bulletin 03-2015 and Order 01-2015) – Effective January 1, 2016
Bulletin 04-2015: 2015 Annual Review Final Report
Oliver Wyman Actuarial Analysis Preliminary Report
Notice 02-2015: Annual Review of Private Passenger Automobile Insurance Loss Experience
Audio Transcript – August 18, 2015
Oliver Wyman: Preliminary Report – Presentation slides
Facility Association: Written submission – Presentation slides
Insurance Bureau of Canada: Written submission – Presentation slides
Consumer Representative: Written Submission – Presentation slides
Aviva Canada: Written submission – Presentation slides
TD Insurance Group: Written submission – Presentation slides
Alberta Civil Trial Lawyers Association: Written submission
Co-operators Group Limited: Written submission
Desjardins General Insurance Group: Written submission
Intact Financial Corporation: Written submission