Studies

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.