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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 2021 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, 2021.
The AIRB consulted with interested stakeholders as part of its Annual Review.
The Open Meeting was held through a webinar on August 19, 2021.
Appendix A: Oliver Wyman Annual Review Final Report
Appendix B: Industry Private Passenger Vehicle (PPV) Benchmark Schedule (Bulletin 09-2021) – Effective October 1, 2021
Video Transcript – August 19, 2021
Oliver Wyman: Preliminary Report – Presentation slides
Facility Association: Written submission – 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
Co-operators Group Limited: Written Submission
TD Insurance Group: Written Submission
The AIRB has completed its 2021 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, 2021.
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 10-2021) – Effective October 1, 2021
Oliver Wyman Actuarial Analysis Preliminary Report – Commercial Vehicles
Notice 03-2021: Annual Review of Industry Experience as of December 31, 2020 For Commercial Vehicles