Studies IBC recognizes that climate change is underway. IBC studies assess the increased claims frequency and severity resulting from severe weather and natural disasters. IBC plays a leadership role in conducting research and developing sound strategies to help Canadians protect themselves and their property from severe weather related events.Recent studies commissioned or conducted by IBC include the following: Toward a National Adaptation Strategy for Canada – In December 2020, Canada's federal government announced its commitment to developing Canada's first-ever national adaptation strategy (NAS)National Commercial Insurance Task Force was created to address consumer concerns about the availability and affordability of commercial insurance. GFIA position paper on climate adaptation and mitigation – Climate risk has long been on the insurance industry’s agenda and it continues to evolve and pose new challenges and opportunities for the industry. Combatting Canada's Rising Flood Costs: Natural infrastructure is an underutilized option – This report presents ample evidence to suggest that efforts by governments to limit flood risk may be consistent with – and reinforce – their fiduciary responsibility to administer good governance.Study of Impact and the Insurance and Economic Cost of a Major Earthquake in British Columbia and Ontario/Québec was conducted by AIR Worldwide and published in October 2013. This report is the first major Canadian research of its kind in 20 years to assess the potential impact of a major seismic event in British Columbia and the Quebec City-Montreal-Ottawa corridor. Telling the Weather Story is a June 2012 report by Dr. Gordon McBean, one of Canada's foremost climatologists, and the Institute for Catastrophic Loss Reduction.C.D. Howe Institute - Fault Lines: Earthquakes, Insurance, and Systemic Financial Risk - The fault lines from a major earthquake in Canada could quickly spread through the insurance industry and have a systemic financial impact. Policymakers should take several steps now to avert this chain of events.A Primer on Financial Risk from Natural Disasters: The Case for Public-Private Collaboration - This paper provides a primer on the private disaster risk market and is designed to provide government officials with an understanding of how the private market functions in this area. The Financial Management of Flood Risk – An International Review: Lessons Learned from Flood Management Programs in G8 Countries.EQ Symposium Report - The goal of the symposium was to spark conversations and exchange knowledge and ideas across disciplines. By all accounts, the symposium was a major success, and participants expressed a strong interest in continuing the conversation.Reducing the fiscal and economic impact of disasters - Examines the impact of natural catastrophes on government budgets and economic performance.The Economic Impacts of the Weather Effects of Climate Change on Communities (Full Report) - Green Analytics and the Ontario Centre for Climate Change Impacts and Adaptation Resources were commissioned by the Insurance Bureau of Canada, with support from Natural Resources Canada, to conduct a study on the economic impacts of climate-related extreme events on communities in Canada. Featured Video:Professor G. A. McBean, University of Western Ontario, Director, Policy Studies, Institute for Catastrophic Loss Reduction talks about climate change and comments on a study done for Insurance Bureau of Canada. Related ServicesEarthquake Study"Study of Impact and the Insurance and Economic Cost of a Major Earthquake in British Columbia and Ontario/Québec” is an IBC report on the impact of two potential earthquakesWeather StoryAcross Canada, extreme weather damage has cost almost $10 billion since 1998. IBC’s “Telling the Weather Story: Can Canada Manage the Storms Ahead?” report is designed to help people plan for and mitigate damages from the stormy weather ahead. Useful LinksDisastersAm I covered? When can I start to rebuild? In the wake of a disaster, there are many questions to consider. About UsInsurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies represent 90% of the Canadian property and casualty (P&C) insurance market. Contact UsIBC has consumer information centres in each of its regional offices to address your specific questions. If IBC’s information officers do not know the answers to your questions, they will direct you to someone who does.