Latest News

Added September 27, 2016: Filing Decisions for 3rd Quarter of 2016.

Added September 26, 2016: The AIRB has completed its 2016 Annual Review process for Private Passenger Vehicles and Commercial Vehicles. See the decision, background information and related Bulletins and Order.

Added September 20, 2016: The AIRB is seeking five part-time Board members - more information and how to apply.

Added September 14, 2016: Information related to Transportation Network Company (TNC) Drivers.

Added August 16, 2016: Notice 04-2016: Fleet Definition Update.

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Your Premium Dollar

Your premium dollar graphic

Each dollar of your 2011 automobile insurance premium went to pay claims, the administrative expenses to deliver the product and taxes in the proportion shown in the pie chart above, leaving 5.7% for profit.

Claims include the amounts for injuries and damages to vehicles and other property as well as some adjusting expenses. Claims also include a health services levy paid to the province for the medical expenses of individuals injured in accidents that was set at $90 million for 2011.

Administrative expenses include cost of premises, salaries and commissions, advertising costs, etc.

Taxes include corporate taxes as well as a premium tax that is 3% of each premium dollar collected.

Profit is the balance of the premium dollar and in this case represents underwriting profit.

Average Private Passenger Premium - the chart below shows the average written premium for 2014 as reported by GISA statistical data, broken out by basic and additional coverage.

Average Private Passenger Premium