April 6, 2016: Filing Decisions for the 1st Quarter of 2016 added to Decisions page
April 4, 2016: Bulletin 04-2016: Industry Private Passenger Vehicle (PPV) Benchmarks Schedule, effective April 1, 2016 added to Bulletins page
April 1, 2016: Oliver Wyman Semi-annual Review Report as of June 30, 2015 updated on 2016 Semi-annual Review page
March 16, 2016: Bulletin 03-2016: Revision to SEF 16 Endorsement (Suspension of Coverage) added to Bulletins page
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