CatIQ sees higher sums insured in 2026 Canadian industry exposure database

CatIQ, Canada’s insured loss and exposure index provider, and subsidiary of Zurich-based PERILS AG, has released its update of the Canadian insurance IED (industry exposure database) for 2026, which shows that property assets insured against natural perils in Canada have reached a total value of CAD $23 trillion, as at year-end 2025.

This marks a 10% year-on-year increase in sums insured, matching the increase seen between year-end 2023 and 2024.

While the updated CatIQ IED shows steady growth in sums insured, the database also reflects higher-resolution changes indicative of shifts in the Canadian insurance industry.

Providing an example, CatIQ indicated that the year-on-year increase in reported hail deductibles for personal lines is roughly 14% for Canada overall.

However, the provinces of Manitoba and Alberta, which have both encountered significant hail-related catastrophe events in recent years, have seen a notable surge in associated deductibles, with increases of 21% and 25% respectively.

The CatIQ IED module is based on detailed exposure submissions from the majority of the Canadian insurance market.

Laura Twidle, President and CEO of CatIQ, commented: “I would like to extend our gratitude to all of our participating insurers for their support in the production of this database.”

The CatIQ IED module, alongside the Canadian catastrophe loss database, is accessible via the CatIQ platform. Additionally, the IED and granular loss information are available on the PERILS platform.