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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 2023 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, 2023.
The AIRB is consulting with interested stakeholders as part of its Annual Review.
The Open Meeting will be held through a webinar on August 17, 2023.
Appendix A: Oliver Wyman Annual Review Final Report
Appendix B: Industry Private Passenger Vehicle (PPV) Benchmark Schedule (Bulletin 06-2023) – Effective October 1, 2023
Video Transcript – August 17, 2023
Oliver Wyman: Preliminary Report – Presentation slides
Consumer Representative: Submission and survey results – Presentation slides
Insurance Bureau of Canada: Written submission – Presentation slides
Facility Association: Written submission – Presentation slides
Alberta Civil Trial Lawyers Association: Written submission – Presentation slides
Aviva Canada Inc.: Written submission – Presentation slides
Definity Insurance Company: Written submission
The Co-operators Group Limited: Written submission
Desjardins General Insurance Group: Written submission
The AIRB has started its 2023 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, 2023. 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 07-2023) – Effective October 1, 2023
Notice 06-2023: Annual Review of Industry Experience as of December 31, 2022 For Commercial Vehicles