THE URGENT NEED

FOR CLIMATEADAPTATIONS W I S S R E C A N A D I A N O U T L O O K B R E A K FA S T

DON FORGERONPRESIDENT & CEOINSURANCE BUREAU OF CANADA APRIL 2, 2019

2

W EA K E R I N D U ST RY R ES U LT S

I N C R EA S E I N S E V E R E W EAT H E R E V E N T S

ST R A I N S O N AU TO I N S U R A N C E

3

$ 2 B I L L I O N I N I N S U R E D C ATA ST RO P H I C LO S S ES

W EA K CO M M E RC I A L I N S U R A N C E P E R FO R M A N C E

CO M B I N E D R AT I O S I N AU TO C LO S E TO 1 0 0 %

4

5

6

C L I M AT E C H A N G E

7

8

2 0 % V U L N E R A B L E

TO F LO O D I N G

$1 BILLION

9

$ 4 0 0 M I L L I O N

10

S E V E R E W EAT H E R

DA M AG E

C L A I M S

ST R A I N O N G OV E R N M E N T

11

R ES I L I E N C E

P ROT EC T I O N

12

COMMON GROUND

13

ADAPTATION

14

4 ST E P S TO

C L I M AT E C H A N G E A DA P TAT I O N

15

ST E P # 1

I N V EST I N CO N S U M E R E D U C AT I O N

16

ST E P # 1

I N V EST I N CO N S U M E R E D U C AT I O N

P R O T E C T C A N A D I A N S F R O M

O V E R L A N D F L O O D I N G

17

ST E P # 1

I N V EST I N CO N S U M E R E D U C AT I O N

18

ST E P # 2

TA RG E T P R I O R I T Y I N F R A ST R U C T U R E I N V EST M E N T S

I N C R E A S E G O V E R N M E N T S U P P O R T

19

ST E P # 2

TA RG E T P R I O R I T Y I N F R A ST R U C T U R E I N V EST M E N T S

D I S A S T E R M I T I G AT I O N A N D

A D A P TAT I O N F U N D

20

ST E P # 3

I M P ROV E L A N D U S E P L A N N I N G , B U I L D I N G CO D ES

A N D B U I L D I N G STA N DA R D S

21

ST E P # 3

I M P ROV E L A N D U S E P L A N N I N G , B U I L D I N G CO D ES

A N D B U I L D I N G STA N DA R D S

P R I O R I T I Z E C L I M AT E R E S I L I E N C E

22

23

ST E P # 4

P R ES E RV E & R ESTO R E N AT U R A L W E T L A N D S

24

ST E P # 4

P R ES E RV E & R ESTO R E N AT U R A L W E T L A N D S

W E T L A N D S L I M I T T H E I M PA C T

O F E X T R E M E W E AT H E R

25

I N V E S T I N C O N S U M E R E D U C AT I O N

TA R G E T P R I O R I T Y I N F R A S T R U C T U R E I N V E S T M E N T S

I M P R O V E L A N D U S E P L A N N I N G , B U I L D I N G C O D E S A N D B U I L D I N G S TA N D A R D S

P R E S E R V E & R E S T O R E N AT U R A L W E T L A N D S

26

N AT I O N A L F LO O D SY M P O S I U M

N AT I O N A L WO R K I N G G RO U P O N F LO O D R I S K

N AT I O N A L RO U N DTA B L E O N F LO O D

27

PAT H TO C L I M AT E

A DA P TAT I O N

PAT H TO C L I M AT E

A DA P TAT I O N

28

STA N D I N G TO G E T H E R FO R

C L I M AT E A DA P TAT I O N

29

W E N E E D B E T T E R

F LO O D M A P P I N G

30

ACCURATE RISK ASSESSMENTSDATA

31

32

S

S

S

33

CLIMATERISK

INDUSTRY

GOVERNMENT

CITIZENS

W H O L E O F

S O C I E T Y

A DA P TAT I O N

O P P O RT U N I T Y

34

THE URGENT NEED

FOR CLIMATEADAPTATIONS W I S S R E C A N A D I A N O U T L O O K B R E A K FA S T

DON FORGERONPRESIDENT & CEOINSURANCE BUREAU OF CANADA APRIL 2, 2019