ID
2020-006
Thank you for providing your feedback on FSRA’s Loss Trend Benchmarks for Private Passenger Automobile Major Rate Filings.
We appreciate the comments and questions received to date. This consultation is now closed.
FSRA uses ratemaking Benchmarks to evaluate if an auto insurer’s proposed rate changes are just and reasonable when an insurer seeks approval for those changes.
Benchmarks are updated twice a year to identify industry cost trends and provides insight to the regulator’s outlook on future loss costs trends and forecasts.
Benchmarks analysis, consultation input and FSRA’s selection of new benchmarks will be made public as part of our commitment to transparency.
Useful Links
- Approach No. AU0132APP - Loss Trend Benchmarks for Private Passenger Automobile Major Rate Filings based on Industry Data as of December 31st, 2019
- FSRA's Summary of Consultation on Loss Trend Benchmarks for Private Passenger Automobile Major Rate Filings based on Industry Data as of December 31st, 2019
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