Catch up on media coverage of some of our latest events.
Why atmospheric rivers, derechos and bomb cyclones are on insurers’ radar
Wild and wacky weather events like atmospheric rivers, derechos and bomb cyclones may seem new because of recent media coverage, but they’ve been known and named phenomena for quite some time in the history of meteorology and atmospheric science, speakers said Tuesday at the CatIQ Connect conference.
What’s the best way to increase earthquake insurance take-up in Quebec?
The best way to get consumers to buy earthquake insurance in provinces like Quebec is to find a balance between highlighting the benefits of early intervention and not making the narrative too scary, a research social scientist told delegates at CatIQ Connect.
Canada’s most-exposed flood regions
These figures are based on historical data presented during a Flood Task Force Update by a federal government official at the Cat IQ Connect virtual series.
Which model will Canada’s national flood insurance program follow?
After undergoing actuarial review, two possible flood insurance models are the “most promising” for private-public engagement within the upcoming national flood insurance program, a federal government official suggests.
The risks associated with a changing climate
Speaking at CatIQ Connect in February, Munich Re's Chris Gottardo explained that even a small change in temperature can make a significant difference to natural hazard risk.
How the P&C industry should shift its thinking about climate risk
“I can tell you this because I’m an actuary — for the most part, we like to hide those signals in our price in our proprietary risk models, which really leads to a problem of asymmetric knowledge. We know more than [our clients] do.”
Aon’s Bowen gives 2022 NatCat forecast
Canada’s seen US$54 billion in economic losses due to weather events since 2010, Steve Bowen, Aon global head of catastrophe insight, told CatIQ’s Feb. 10 webinar, Catastrophes: Past, Present and Innovative Paths Forward.
These socioeconomic factors are driving up property claims
Urbanization, the increasing popularity of solar panels and a greater awareness of what is covered insurance are among the factors driving an escalation of insured property losses, a speaker suggested at December 2’s CatIQ Connect conference.
What can be done just seconds before an earthquake hits?
Henry Seywerd, program manager for early earthquake warning with NRC. spoke during the panel discussion Fire, Flood, and Earthquake: Latest Developments at CatIQ Connect Dec. 2.
How to be really customer-centric: Lessons from the global insurance market
There’s a real need to provide thoughtful protection for those people who have so little and, when disasters strike, are left with nothing at all.
Lessons learned from ‘the toughest CAT season’
We have Cat playbooks that existed to actually achieve those things but you can throw those out the window when we can’t get people on the ground.
How Ottawa is trying to lower earthquake related property losses
Canada has a very long history of destructive earthquakes that are rare but they do happen
CAT bonds starting to attract this type of investor
There are new investors looking for products that have a good track record — and some of these have been around a decade — that they can add to their portfolio.
The hard part of managing wildfire risk
Your clients may be doing all the right things to manage their wildfire risk, but what about the property halfway down the street?