Catastrophe Indices and Quantification Inc. (CatIQ)

CatIQ and PERILS AG have recently disclosed their fourth industry loss estimate for the Calgary hailstorm of August 2024. In their fourth loss report, provided in the form of an industry loss footprint at high-res CRESTA zone resolution, CatIQ estimates that the event has cost the insurance industry a total of CAD 3.25 billion. This reflects an increase from the third report, issued three months post-event. CatIQ's loss estimates cover the property and motor line of business and are based on loss data collected from affected insurance companies which are subsequently grossed-up to 100% market. Please refer to the CatIQ website for further information. https://lnkd.in/gjNcKHET

CatIQ and PERILS AG have recently disclosed their fourth industry loss estimate for the Jasper wildfire complex of July 2024. In their fourth loss report, provided in the form of an industry loss footprint at high-res CRESTA zone resolution, CatIQ estimates that the event has cost the insurance industry a total of CAD 1.23 billion. This reflect an increase from the third report, issued three months post-event. CatIQ's loss estimates cover the property and motor line of business and are based on loss data collected from affected insurance companies which are subsequently grossed-up to 100% market. Please refer to the CatIQ website for further information. https://lnkd.in/eh9h2vUT

CatIQ and PERILS AG have recently disclosed their fourth industry loss estimate for the flash floods in southern Ontario of mid-July 2024. In their fourth loss report, provided in the form of an industry loss footprint at high-res CRESTA zone resolution, CatIQ estimates that the event has cost the insurance industry a total of CAD 991 million. This compares to the figure of CAD 998 million issued in the third loss report 3 months after the event. CatIQ's loss estimates cover the property and motor line of business and are based on loss data collected from affected insurance companies which are subsequently grossed-up to 100% market. Please refer to the CatIQ website for further information. https://lnkd.in/eb3tRXEQ

There's still time to join 300+ of your peers at #CatIQConnect 2025! Head over to connect.catiq.com to check out the jam-packed agenda and register today!

The numbers are in: 2024 shattered records with CAD 8.5 billion in catastrophe losses, over 250,000 claims, and 4 new entries in Canada’s top ten costliest events. This isn’t just history—it’s a call to action. 🌎 Join us at CatIQ Connect 2025 to uncover the insights, strategies, and solutions shaping the Canadian insurance industry’s response to these challenges. 📌 Don’t miss out—register now at connect.catiq.com. Together, we’ll build resilience for the future. 🚨 #CatIQConnect2025 #InsuranceTrends #CanadianCatastrophes

CatIQ, Canada's insured loss and exposure indices provider, has released the total for Canadian insured losses for 2024. With four events at or above the CAN $1 billion mark, 2024 has surged to the top of the costliest years on record, with CAN $8.5 billion in #insured losses. The year also smashed the previous record for highest number of #claims. Read the full press release at https://lnkd.in/esZ7aYdT or linked below. #insurancenews #canada #reinsurance #catastrophes

It's less than a month until #CatIQConnect 2025 storms into the Metro Toronto Convention Centre - and, boy, do we have a lot to talk about this year! 🫣 Good thing for us we have more than SIXTY expert speakers willing to lead us through wild world of Canadian #castastrophes! 🌊 ⚡ 🌪️ 🔥 ☔ ☄️ Whether you're a newbie or a Connect regular, you don't want to miss out on 2 days of catastrophe content, with topics including: #Wildfire - Severe #Convective Storm - Community #Resilience - #Climate Attribution - #Claims Management - #Flood - #Nature-Based Solutions and more, including a full review of 2024's unprecedented catastrophe year! Check out the full agenda, linked below. Haven't made your plans to join us yet? What are you waiting for?? Head over to connect.catiq.com and save your spot today! #insurance #riskmanagement #insuredloss #Jasper #Calgary #Debby #FlashFlood

TD Insurance, part of Canada’s TD Bank, is seeking C$150 million in reinsurance from the capital markets through its debut MMIFS Re Ltd. (Series 2025-1) catastrophe bond deal, which will be the first cat bond to solely cover perils in that country.

Make your plans to join us February 4 and 5 at #CatIQConnect- we've got a a ton to talk about! 🔥 🌀 ⛈️ 🌪️ Be sure to follow CatIQ Connect on LinkedIn for all the latest updates on panels and speakers!

CatIQ has disclosed its final industry loss estimate for #Hurricane Fiona, which made landfall in Atlantic Canada as a post-tropical cyclone in September 2022. As of the two year survey of affected insurers, CatIQ estimates that the event generated approx. CAD 860M in #insured losses. More information, included detailed loss information, is available to subscribers via the CatIQ platform.