Municipal Risk Assessment Tool The insurance industry has had a front-row seat to the effects of climate change. Thirty years ago, insured losses for extreme weather events averaged $400 million a year. In the last decade, these losses have skyrocketed to $1 billion or more every year but one. Municipalities are also experiencing the financial impact of the changing weather. Climate change is causing sudden, intense rainfall that overwhelms municipal sewer and stormwater infrastructure, causing floods, destroying roads, damaging sewer systems and causing economic disruption. These torrential rainstorms can cost communities millions of dollars. To help municipalities assess the impact of climate change on their sewer and stormwater infrastructure, Insurance Bureau of Canada (IBC) developed a ground-breaking technology known as the municipal risk assessment tool, or MRAT.What is MRAT?MRAT is a web-based assessment tool that calculates the probability of municipal sewer and stormwater infrastructure failures.It allows communities to rapidly adapt to the extreme weather events caused by climate change, thereby reducing damage from sewer backups and basement flooding now and in the future.MRAT helps communities prioritize their capital infrastructure investments, adjust service levels and support requests for municipal infrastructure dollars.How MRAT worksMRAT creates a risk model unique to each municipality by combining data on:Municipal infrastructureCurrent and future climateActual weather events.Based on this risk modelling, MRAT provides detailed risk maps to help municipalities identify their greatest sewer and stormwater vulnerabilities.How MRAT was developedIn 2009, IBC envisioned and developed MRAT in collaboration with Natural Resources Canada and in-kind contributions from municipalities across the country. Then from 2010 to 2015, Tesera Systems Inc. and Dillon Consulting Limited provided technical expertise.MRAT was introduced as a pilot initiative in Fredericton, Hamilton and Coquitlam, BC. Political and technical feedback from the three pilot sites indicates a high level of satisfaction and support for the tool. Useful LinksFlood Ready - Canada.caLearn about floods, know the risks and be a part of the solution. Talk to your insurer about your coverage, find out about programs and resources available in your community, and plan home projects that can help protect your property.Crisis Management - Auto InsuranceIn times of crisis, slowing down is often the best approach. A crisis can be weather related. Whether your vehicle has been damaged by water, wind, fire, ice or an earthquake, make sure you know what to do in the event of an emergencyCrisis Management - Home InsuranceFrom floods to fires to earthquakes, severe weather can damage your home. A home robbery or attempted break-in can put you, your family and your property, at risk. If you’re in a crisis situation that could affect the structure of your home or your own health, keep calm and seek alternate shelter immediately. Crisis Management - Business InsuranceA crisis can happen at any time, threatening an organization in a multitude of tangible and intangible ways. Following best practices in risk management – including creating a business continuity plan – can mean the difference between recovery and bankruptcy. Disaster Safety KitWhen a natural disaster occurs, it can take first responders as long as 72 hours to reach people in non-critical situations.