Latest News

February 1, 2016: Bulletin 02-2016: Usage Based Insurance Filing Guidelines and Filng Guidelines page updated to link to the new guidelines - effective February 1, 2016

February 1, 2016: AIRB's Filing Guidelines (for Private Passenger and Other than Private Passenger) updated - see List of Changes effective February 1, 2016. The related Frequently Asked Questions have also been updated.

February 1, 2016: Bulletin 01-2016: Approval of 2016 CLEAR Rate Group Tables

February 1, 2016: Notice 01-2016: Semi-annual Review of Industry Experience as of June 2015 for Private Passenger Vehicles and Draft Oliver Wyman Report

February 1, 2016: Board Meeting Schedule added (to be updated yearly).

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Public Meetings

Annual Review of Automobile Insurance Loss Experience

The Board conducts an Annual Review of industry loss and expense experience for basic and additional coverage on private passenger vehicles. This process includes input from all stakeholders including industry, public and the AIRB consumer representative.

A final report is issued in September of each year which provides rating factor guidelines to be used when reviewing insurer’s filings and determining the appropriate Grid premium level.


Prior to July 1, 2014 - Annual Industry-wide Adjustment

Prior to July 1, 2014, the AIRB held formal public meetings to review premium rates for basic coverage for private passenger vehicles. Decisions regarding premiums were announced by August 1, and if there was an adjustment to rates, they would take effect on November 1. If the Board’s decision was to decrease premiums, all automobile insurers within Alberta were required to do so. If the Board decided that an increase in premiums was warranted, insurers had the option to implement the increase.

Effective July 1, 2014, a new Automobile Insurance Premiums Regulation came into effect which eliminated the annual industry-wide adjustment.