Catastrophes: Past, Present, and Innovative Paths Forward

9:00 am - 9:30 am
Opening Remarks and 2021 CATs in Review

CatIQ Managing Director Laura Twidle reviews the catastrophes of 2021, including updated loss totals for the year and how they fit with trends both in Canada and globally.

9:30 am - 10:30 am
State of the Industry 2022

Our executive panel discusses the state of the industry two years into the pandemic. How have insurers, reinsurers, and brokers responded to the repeated shocks of the past 12 months? Has the insurance industry settled into a ‘new normal’? What are the next big challenges facing risk managers when it comes to cat hazards? And are the years of annual losses below $2B behind us?

11:00 am - 12:00 pm
Government Spotlight

The session will function as a spotlight on efforts by Government, focusing on work underway at the federal level including: Public Safety Canada’s development of a National Risk profile and creation of a federal/provincial/insurance industry collaborative Task Force on Flood Insurance and Relocation, insights from Environment and Climate Change Canada on the National Adaptation Strategy, and Canada Mortgage and Housing Corporation views on residential flood scoring.

12:00 pm - 12:20 pm
Building a Resilient Canada Report

This presentation will provide an overview of a new expert panel report from the Council of Canadian Academies (CCA), Building a Resilient Canada. It identifies essential actions that households, communities, businesses, and governments can undertake to reduce vulnerability and exposure to extreme weather in a changing climate. The report details the resources, funding programs, investment choices, and insurance offerings that can contribute to more effective decision-making, and the governance structures that can help to integrate disaster risk reduction and climate change adaptation. Visit www.cca-reports.ca for more information about this report.

12:45 pm - 1:45 pm
Incentivizing 'Build Back Better'

2:00 pm - 3:00 pm
Keynote Presentation - Climate change: emissions, risks and a reinsurer.

The 2021 natural disasters in Canada have shown what we can expect in the future due to climate change. Changing weather patterns have a high impact on insurance, but they are only one of the drivers pushing the climate agenda. The insurance industry is urged to act. The session provides you with insights as to how (re)insurance act – act in supporting to limit global warming, act to support the transition to a low carbon economy and act to withstand and manage physical risks.

3:00 pm - 3:15 pm
2022 Natural Catastrophes: The Forecast Says?

Following another highly active year for natural catastrophes in 2021 across North America, the focus shifts to 2022. This session will give a quick overview on clues as to what Mother Nature could bring for the rest of the year, including a look at current ENSO conditions.