About the AIRB
The Alberta Automobile Insurance Rate Board (AIRB) was established through the Insurance Act in October 2004 as an independent, quasi-judicial regulator. The AIRB is responsible for regulating automobile insurance premiums in Alberta. The AIRB serves all Albertans – the public, industry, and government – through its functions and statutory duties and responsibilities.
AIRB decisions are made independently of the government and pursuant to the AIRB’s enabling legislation.
Board Governance
The AIRB is governed by a Board of Directors consisting of members appointed by the Lieutenant Governor in Council, a consumer representative appointed by the Minister, and the Superintendent of Insurance who is a non-voting member of the Board. The AIRB’s Board Members bring a broad range of expertise and experience.
The Board meets regularly to discuss administrative issues and exercise its mandate. It also holds a public Annual Review meeting to hear from stakeholders on the state of the industry.
The Board approves the vision, mission, values, strategic priorities, and goals that guide the AIRB. The Board sets goals for performance as part of the business planning process, and these goals are the basis for evaluating performance and accountability.
The Board’s governance processes and guidelines that outline how they carry out their duties align with the Government’s Public Agencies Governance Policy.
Our Vision
Automobile insurance is accessible, equitable and sustainable for all Albertans.
Our Mission
The AIRB independently regulates automobile insurance rating programs and educates consumers to ensure Albertans have access to a robust automobile insurance marketplace.
Our Values
Accountability
We facilitate fair, transparent and inclusive processes that encourage stakeholder input. Rate regulation is aligned with all relevant legislation and policies that consider the needs of insurance companies, the Minster and consumers.
Integrity
We lead in a straightforward and consistent manner, making objective and well-reasoned decisions in order to foster an environment where all stakeholders are treated with dignity and respect.
Excellence
We strive to develop innovative solutions that increase the efficiency of our processes and seek continuous improvement through professional development for our staff and Board Members.
Memberships
The AIRB is a member of the Canadian Automobile Insurance Rate Regulators Association (CARR) and the General Insurance Statistical Agency (GISA).