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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 started its 2022 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, 2022.
The AIRB is consulting with interested stakeholders as part of its Annual Review.
The Open Meeting will be held through a webinar on August 18, 2022.
Appendix A: Oliver Wyman Annual Review Final Report
Appendix B: Industry Private Passenger Vehicle (PPV) Benchmark Schedule (Bulletin 05-2022) – Effective October 1, 2022
Video Transcript – August 18, 2022
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
Aviva Canada Inc.: Written submission – Presentation slides
Alberta Civil Trial Lawyers Association: Written submission – Presentation slides
Desjardins General Insurance Group: Written submission – Presentation slides
Definity Insurance Company: Written Submission
The Co-operators Group Limited: Written Submission
The AIRB has started its 2022 Annual Review process to analyze industry loss experience for commercial vehicles and to establish industry benchmarks to assess insurance companies’ commercial vehicle rate filings for basic and additional coverage, effective October 1, 2022. The Board is consulting with interested stakeholders as part of its Annual Review.
Oliver Wyman Annual Review Final Report – Commercial Vehicles
Industry Commercial Vehicle (COM) Benchmark Schedule (Bulletin 06-2022) – Effective October 1, 2022
Notice 03-2022: Annual Review of Industry Experience as of December 31, 2021 For Commercial Vehicles