Grid Stats and Facts

The grid rating program was developed to establish the maximum rate that insurance companies can charge for basic coverage third-party liability (bodily injury & property damage tort), accident benefits, and direct compensation property damage (DCPD). Insurance companies must compare a driver’s rate under their current rating program to a driver’s rate calculated by the grid […]

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Consumer Experience at Renewal

A survey was issued in June 2023 to the eleven largest insurance groups, by market share, offering automobile insurance in Alberta. The purpose of the survey was to focus a consumer lens to insurer communications to better understand the reason for increased frustration and misunderstanding at policy renewal time. All eleven insurers responded to the […]

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AIRB Announces Dates and Releases Preliminary Report for 2023 Annual Review

(June 24, 2022) The Automobile Insurance Rate Board (AIRB) is starting the 2023 Annual Review process for private passenger and commercial vehicles. This review analyzes industry loss experience as of December 31, 2022 for private passenger and commercial vehicles to establish industry benchmarks. These benchmarks are used to review insurance companies’ rate filings for basic […]

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2023 Semi-Annual Review Consultations Started

(January 27, 2023) The Automobile Insurance Rate Board (AIRB) has starred consultation on its 2023 Semi-Annual Review for private passenger vehicles (PPV). This review analyzes industry loss experience as of June 2022 for PPV to establish Industry Benchmarks used when reviewing insurance companies’ rate filings for basic and additional coverage effective April 1, 2023. As […]

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What does the rate pause mean for industry?

Today the Government of Alberta ordered the Automobile Insurance Rate Board (AIRB) to pause new rate approvals that increase private passenger auto insurance premiums for Albertans. This pause is in place until December 31, 2023. Click here to read the news release. Please note the Superintendent of Insurance issued two related bulletins: Interpretation Bulletin 01-2023: […]

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AIRB Launches the Rating Profile Module in CARS

(January 4, 2023) The Automobile Insurance Rate Board (AIRB) launched the the Rating Profile Submissions Module in the Collection and Reporting System (CARS), increasing insurer accountability and enabling the direct entry of premiums for each rating profile, as required based on filing type. The security of the filing process is enhanced with CARS replacing email […]

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AIRB Christmas Closure

Happy holidays, and thank you for visiting the AIRB website. Our offices will be closed during the holidays from December 24 to January 2 and will be re-opening on January 3, 2023. We apologize for any inconvenience this may cause. If you need to get into contact with us you can email [email protected] and we […]

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Updates to Industry Benchmarks and Grid Rating Program, Releases 2022 Annual Review Report and 2022 Market and Trends Report

(September 30, 2022) The AIRB is announcing the following: Updates to the industry benchmarks for private passenger and commercial vehicles, taking effect October 1, 2022; Updates to the Grid Rating Program (Grid) rate change decision, taking effect January 1, 2023; Publishing the 2022 Annual Review Report; and Publishing the 2022 Market and Trends Report.   […]

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AIRB Launches New Website

(September 6, 2022) Because more Albertans are accessing the internet using mobile devices, the Automobile Insurance Rate Board (AIRB) is adjusting to this reality by launching this new website. The AIRB wants all Albertans to have easy access to information about auto insurance in the most convenient way possible. Our redesigned website ensures this. Because […]

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AIRB Launches the Collection and Reporting System

(July 11, 2022) The Automobile Insurance Rate Board (AIRB) launched the new web-based Collection and Reporting System (CARS), intending to improve efficiency, transparency, accountability, and security by having all aspects of filings on one platform for auto insurance companies. CARS will enhance efficiency because: AIRB staff and insurance companies will not duplicate efforts when submitting […]

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