AIRB Completes 2022 Semi-Annual Review

(March 25, 2022) The Automobile Insurance Rate Board (AIRB) has completed the 2022 Semi-Annual Review and approved the 2022 Semi-Annual Review private passenger vehicle (PPV) Industry Benchmarks Schedule.

The AIRB uses Industry Benchmarks as the basis of the review of PPV filings submitted on or after April 1, 2022. All PPV filings received on or after April 1, 2022, should incorporate the most current Industry Benchmarks to the extent their own data is not fully credible.

Find the 2022 Semi-Annual Review document and Industry Benchmark schedule below.

Resources

Website

2022 Semi-Annual Review

The AIRB conducts a semi-annual review to establish industry benchmarks and assess insurance companies’ rate filings for private passenger vehicles.

pdf

Bulletin 02-2022 - Industry Private Passenger Vehicle (PPV) Benchmark Schedule

Effective: April 1, 2022