AIRB Updates Filing Guidelines

(June 29, 2022) The Automobile Insurance Rate Board (AIRB) advises all automobile insurance companies operating in Alberta of amendments to the filing guidelines for private passenger and other than private passenger vehicles. We have rescinded the Full and Simplified Filing Guidelines and the File and Use Filing Guidelines, effective October 1, 2021, and replaced them […]

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AIRB Announces Date and Releases Preliminary Report for 2022 Annual Review

(June 24, 2022) The Automobile Insurance Rate Board (AIRB) is starting the 2022 Annual Review process for private passenger and commercial vehicles. This review analyzes industry loss experience as of December 31, 2021 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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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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AIRB Releases 2021 Annual Report

(March 8, 2022) The Automobile Insurance Rate Board (AIRB) released its 2021 Annual Report, reflecting the activities, results and performance of the AIRB for the year ended December 31, 2021. Some of the AIRB’s successes from 2021 were: Implementing principles based guidance for usage based insurance, rating variables and rating territories; Simplifying of our filing […]

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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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