Latest News
Added November 1, 2018: Bulletin 12-2018 - Filing Guideline Exception for Ministerial Order No. 14/2018 and related FAQs.
Added November 1, 2018: Bulletin 11-2018 - Gender X.
Added October 31, 2018: 2018 Annual Review on Automobile Insurance Loss Experience (Private Passenger Vehicles) - Adjustment to Grid Base Rate for Basic Coverage effective January 1, 2019 - Bulletin 10-2018 and Order 01-2018.
Added October 3, 2018: AIRB Filing Decisions - 3rd quarter of 2018.
Added September 24, 2018: 2018 Annual Review - Final Reports and Bulletins 07, 08 and 09-2018.
See the archive page for earlier updates.
Semi-annual Review
The AIRB conducts a semi-annual review to establish industry benchmarks to be used in the review of insurers’ rate filings of basic and additional coverage for private passenger vehicles. The semi-annual review benchmarks are based on data to June 30th of the prior year and are for filings submitted on or after April 1st of each year.
The semi-annual review is currently conducted for private passenger vehicles only.
The purpose of the semi-annual review is to ensure the AIRB industry benchmarks reflect the most current industry experience available. See the links below for information about the semi-annual review; they contain all relevant information and documents pertaining to that particular year.
