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The AIRB conducts an annual review to establish industry benchmarks and assess insurance companies’ rate filings for private passenger vehicles (PPV).
The AIRB has started its 2024 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, 2024.
The AIRB is consulting with interested stakeholders as part of its Annual Review.
The Open Meeting will be held through a webinar on August 15, 2024.
Appendix A: Oliver Wyman Annual Review Final Report
Appendix B: Industry Private Passenger Vehicle (PPV) Benchmark Schedule (Bulletin 06-2024) – Effective October 1, 2024
Appendix C: Consumer Representative Report
Video Transcript – August 15, 2024
Oliver Wyman: Preliminary Report – Presentation slides
Consumer Representative: Submission – Presentation Slides
Insurance Bureau of Canada: Written submission – Presentation slides
Alberta Civil Trial Lawyers Association: Written submission – Presentation slides
Facility Association: Written submission
The AIRB has started its 2024 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, 2024. 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 07-2024) – Effective October 1, 2024
Notice 08-2024 – Annual Review Notice to Stakeholders – Commercial
Facility Association: Written submission