AIRB Releases 2022-25 Business Plan

(May 4, 2022) Today the Automobile Insurance Rate Board (AIRB) released their 2022-25 Business Plan. This business plan was prepared for three years, starting on April 1, 2022, building on our updated vision, mission and values. All of the AIRB’s policy decisions as of March 31, 2022, with material economic or fiscal implications, have been […]

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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 […]

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2022 Semi-Annual Review Consultations Started

(January 28, 2022) The Automobile Insurance Rate Board (AIRB) has starred consultation on its 2022 Semi-Annual Review for private passenger vehicles (PPV). This review analyzes industry loss experience as of June 2021 for PPV to establish Industry Benchmarks used when reviewing insurance companies’ rate filings for basic and additional coverage effective April 1, 2022. As […]

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AIRB Requests Updates to Rating Profiles

(January 10, 2022) The Automobile Insurance Rate Board (AIRB) has requested all auto insurance companies in Alberta to submit premiums for the newly developed rate profiles by February 28, 2022. These updated profiles will be used on the AIRB’s rate comparison tool effective April 1, 2022. The AIRB uses the rating profiles to create an […]

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