Added June 30, 2016: Consumer Representative Submission and Public Perception Survey Results for 2016 Annual Review
Added June 23, 2016: AIRB Compensation Disclosure for 2015
Added June 16, 2016: AIRB Business Plan for 2016-19
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.
- 2013 Annual Industry-Wide Adjustment
- 2012 Annual Industry-Wide Adjustment
- 2011 Annual Industry-Wide Adjustment
- 2010 Annual Industry-Wide Adjustment
- 2009 Annual Industry-Wide Adjustment
- 2008 Annual Industry-Wide Adjustment
- 2007 Annual Industry-Wide Adjustment
- 2006 Annual Industry-Wide Adjustment
(see also: 2006 Profit Review)
- 2005 Annual Industry-Wide Adjustment