Another Drop September 2018
The United Nations University Institute for Water, Environment and Health (UNU-INWEH) is pleased to invite you to its next free, public lecture!
Water-Related Catastrophes and What They Mean for the Insurance Industry
Catastrophes not only disrupt communities and people’s lives, but they also have a major financial toll. In 2017 alone, Canadian insured losses from catastrophic events totaled more than CAN $1.3 billion. It is becoming increasingly common for annual insured losses to exceed $1 billion; already in 2018, insured losses have surpassed this mark, and the year is far from over. Water is becoming a bigger player for the insurance industry as more companies begin to offer overland flooding and sewer backup coverages. In addition to the industry becoming more exposed to water, Canada has seen significant flooding events over the past several years. Laura will speak to how water-related events have impacted the insurance industry over the past decade.