canada

CatIQ, Canada’s insured loss and exposure indices provider, has published a final insurance industry loss estimate of CAD $1.30 billion from the wildfires that impacted the Municipality of Jasper and Jasper National Park in Alberta, Canada between July 22nd and August 17th, 2024.

The Canadian financial markets regulator, the Office of the Superintendent of Financial Institutions (OSFI), has now added natural catastrophe bonds to its rules on allowable forms of reinsurance that can reduce capital requirements for insurance risk.

CatIQ, Canada’s insured loss and exposure index provider, has published its initial industry loss estimates for two severe weather events that impacted the Prairies and Montreal in Canada in June 2026, while also confirming its final loss estimate for the flooding that affected Toronto and surrounding areas in mid-July 2024.

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.

CatIQ, Canada’s insured loss and exposure index provider, has issued its fifth and final industry loss estimate from the ice storm that struck Ontario and Quebec in late March 2025, putting the insured market loss at CAD $466 million, a 5% decrease from its fourth loss estimate of CAD $490 million that was issued in September.

Insured catastrophe losses in Canada reached CAD $2.4 billion for full-year 2025, marking the ninth-largest loss year on record for the country, placing it at the lower end of the past five years of annual loss totals, according to an estimate from CatIQ, Canada’s insured loss and exposure indices provider.

CatIQ, Canada’s insured loss and exposure index provider, has raised its insurance industry loss estimate from the ice storm that struck Ontario and Quebec between March 28 and 31 to CAD $490 million, an 18% increase from its third loss estimate of CAD $416 million that was issued in July.

CatIQ, the Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has estimated the one-year industry loss caused by the flooding related to the remnants of Hurricane Debby that affected Ontario and Quebec between August 9th and 10th, 2024, to be CAD $2.806 billion.

Insurance industry losses from the severe hailstorm that struck the Calgary area of Canada on August 5, 2024, are estimated to have reached CAD $3.29 billion, according to CatIQ, Canada’s insured loss and exposure indices provider.

Insurance industry losses from the wildfires that impacted the Municipality of Jasper and Jasper National Park in Alberta, Canada between July 22 and August 17, 2024 are estimated to have reached CAD $1.31 billion, according to CatIQ, Canada’s insured loss and exposure indices provider.