"All of these are putting a lot of pressure on auto insurance rates in the province and with... Alberta's Automobile Insurance Rate Board, an independent agency responsible for regulating...
Calculation and provision of Reference Loss Cost Rates and Standard Full Rates GIROJ calculates Reference Loss Cost Rates for voluntary automobile insurance, fire insurance, personal...
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Going forward, “insurers must harness the momentum they’ve gained to meet a host of new difficulties,” stated PwC’s analysis. “These include macroeconomic and structural headwinds, increased demands regarding climate risk and social purpose, new forms of competition, changes in reporting and accounting standards, and the exponential growth in digital innovation.” · Now, to determine which insurers are poised for the challenge, Forbes has partnered with market research firm Statista...
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Overview ; The increasing cost of repairs, parts shortages and rising auto thefts are all driving up insurance rates across Canada. But the single biggest reason for the increase in Alberta is the increasing costs of personal injury claims. Alberta’s government asked independent experts to look at systems that could reduce the costs of auto insurance and improve the sustainability and stability of the insurance industry. Oliver Wyman focused its work on comparing average premiums under differe...
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