(January 27, 2023) The Automobile Insurance Rate Board (AIRB) has starred consultation on its 2023 Semi-Annual Review for private passenger vehicles (PPV). This review analyzes industry loss experience as of June 2022 for PPV to establish Industry Benchmarks used when reviewing insurance companies’ rate filings for basic and additional coverage effective April 1, 2023.
As part of the Semi-Annual Review process, the AIRB invites stakeholders to review the AIRB consulting actuary’s Preliminary Review of Industry Experience posted in the Reports and Resources section, and those wishing to comment on the report may send written submissions by email to airb@gov.ab.ca.
The AIRB has started its 2023 Annual Review process to analyze industry loss experience for PPV to establish industry benchmarks to assess insurance companies’ PPV rate filings for basic and additional coverage. The AIRB is consulting with interested stakeholders as part of its Annual Review. The Open Meeting was held through a webinar on August 17, 2023.
Semi-Annual Review of Industry Experience as of June 2022 for Private Passenger Vehicles.