D2S2-Jennifer-Faucher-Favreau-v2.pdf

1、ICMIF Resilienceand SustainabilitySummit 2025Community first:Mutual models for climate resilienceDesjardins GroupProperty&Casualty Insurance Executive DivisionNovember 4th-5th,2025Climate change is impacting the P&C insurance sector worldwide and Canada is no exception2Catastrophic losses in CanadaC

2、ompensation and settlement costs,in$B,in 2022 dollars01234561984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920101983201220132014201520162011201820192020202120222017202372024892016:wildfires2024:hailstorms,wildfires,heavy rains,floods2013:floods

3、1998:ice stormCoverages for climate perils are still generally affordable and available in Canada,although some pressure points are starting to emerge318%21%23%37%82%79%77%63%QubecOntarioAtlanticWestProperty insurance premium breakdown by region Homeowner Non-climate-related perilsClimate-related pe

4、rilsGround waterFloodsWildfiresHailWind69%31%West:hailzoneWest:hail zoneIncreasing home resilience is key to maintaining affordable and accessible insurance,and stable home value.The most effective measures for each peril are known4HailstormsImpact-resistant roof shinglesHail-resistant house sidingV

5、ehicles under coverWater damagesSump pump with back-up power supplyBackwater valveGround grading to direct water away from foundationsWildfiresFire-resistant roofing and siding materialsNon-combustible landscaping materialsProperty clear of debrisThere is growing momentum around climate resilience i

6、n Canada;achieving societal consensus seems within reach5Institute for Catastrophic Loss ReductionDisaster Financial Assistance Arrangements programHome buildersMunicipal sustainability roadmaps and mitigation strategiesMedia coverageInsurance Bureau of CanadaDesjardins Insurance