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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 2019 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, 2019.
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, Western Room, lower level, on August 15, 2019, 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 07-2019) – Effective October 1, 2019
Appendix C: Consumer Representative Report
Adjustment to Grid Base Rates for Basic Coverage (Bulletin 09-2019 and Order 01-2019) – Effective January 1, 2020
Notice 02-2019: Annual Review of Automobile Insurance Loss Experience
Audio Transcript – August 15, 2019
Oliver Wyman: Preliminary Report – Presentation slides
Facility Association: Written submission to Chair – Written submission to Executive Director – Presentation slides
Insurance Bureau of Canada: Written submission – Presentation slides
Consumer Representative: Submission and survey results – Presentation slides
Alberta Civil Trial Lawyers Association: Written submission – Presentation slides
Aviva Canada: Written submission – Presentation slides
Co-operators Group Limited: Written submission – Presentation slides
Intact Financial Corporation: Written submission – Presentation slides
TD Insurance Group: Written submission – Presentation slides
The Wawanesa Mutual Insurance Company: Written submission – Presentation slides
The AIRB has completed its 2019 Annual Review process to analyze industry loss experience for commercial vehicles to establish industry benchmarks used to assess insurance companies’ commercial vehicles rate filings for basic and additional coverage, effective October 1, 2019.
The Board consulted with interested stakeholders as part of its Annual Review.
Oliver Wyman Annual Review Final Report – Commercial Vehicles
Industry Commercial Vehicle (COM) Benchmark Schedule (Bulletin 08-2019) – Effective October 1, 2019
Oliver Wyman Actuarial Analysis Preliminary Report – Commercial Vehicles
Notice 03-2019: Annual Review of Commercial Vehicles Insurance Loss Experience