Added April 7, 2017: AIRB Board Filing Decisions for the 1st Quarter of 2017.
Added April 4, 2017: AIRB Bulletin 03-2017, Industry Private Passenger Vehicle (PPV) Benchmarks Schedule, effective April 1, 2017. See 2017 Semi-Annual Review page for all documentation.
Added March 16, 2017: AIRB 2016 Annual Report.
Added March 6, 2017: AIRB Bulletin 02-2017, Filing Guidelines, Rating Profiles and UBI Anniversary Report - Updates effective March 1, 2017. See Filing Guidelines page for updates
Added March 6, 2017: AIRB Notice 02-2017, Fleet Definition Update.
Annual Review of Automobile Insurance Loss Experience
The AIRB conducts an annual review of automobile insurance loss experience to establish industry benchmarks to be used in the review of insurers' rate filings for basic and additional coverage for private passenger vehicles and commercial vehicles.
The annual review benchmarks are based on data to December 31 of the prior year and are for filings submitted on or after October 1 of each year. The private passenger vehicles industry benchmarks will also be used for the annual (January 1) adjustment to the Grid Rating program.
- 2016 Annual Review: Private Passenger Vehicles and Commercial Vehicles
- 2015 Annual Review: Private Passenger Vehicles
- 2014 Annual Review: Private Passenger Vehicles
Prior to July 1, 2014 - Annual Industry-wide Adjustment
Effective July 1, 2014, a new Automobile Insurance Premiums Regulation came into effect which eliminated the annual industry-wide adjustment.